WEEK that was

Nifty fell for the 7th day in a row on Friday to close at 17,465.80 (down 2.7% in a week). Post Adani saga, Bears are in total control of the markets. The budget lows will hold a key in the coming days. MMG outperformed the markets due to gold exposure whereas MWV fell at par with the markets.

 

Here is a weekly update on our strategies.

 

 

 

 

MWM  lost -0.81% this week to close at 232.85% total returns. Our Overall outperformance to benchmarks has come down to 143%. The current Drawdown stands at  -20.63%  We have averaged 22.23% CAGR since April 2017.

 

 

 

 

 

 

This week will have 3 Exits and NO entries.

 

Gold is acting as a great hedge and MMG is outperforming the benchmarks. Watch this video to understand the power of Asset Allocation.

 

 

 

 

 

 

 

 

MWV lost 2.66% this week.  The current return stands at 160.41% which is 17.75% CAGR since 2017. The current drawdown is -8.19% and our outperformance to benchmark is now at 77.16%

 

 

 

 

 

 

 

This week will have 1 exit

 

 

 

 

 

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MMG was down -0.691% this week. to close at 4.09% return so far with a drawdown at -2.42%. This is a 70/30 Equity-Gold allocation.

 

 

 

 

 

 

With that its a wrap.

 

Mystic Wealth.