WEEK that was
As if FII selling was not enough, RBI decided to conduct a meeting mid-week front running the fed and add fuel to the fire by raising rates by 0.40. Bond yields in US are going up creating panic in equity markets. Both NIFTY and CNX500 tanked 4% this week.
Here is a weekly update on our strategies.
MWM shed -4.34% this week to close at 274.64% total returns. Our Overall outperformance to benchmarks is now at 196.99%. The current Drawdown stands at –10.6%. We have averaged 29.08% CAGR since April 2017.
This week will have 8 Exits and 0 entry in both MWM website and Smallcase.
#MWM is a 20-stock Automated, Multi-cap Model portfolio selected on the basis of Price momentum. It has broader market filters to sit in cash in bear markets.
#MWM is a wonderful way to take “Momentum” factor exposure in your portfolio. The entire idea is to capture the Alpha, by falling lesser than the broader markets in bad days and be with fast movers in good days.
Listen to this Clubhouse conversation where we answered all FAQs.
Mystic Wealth value lost –5.15% this week. Our Overall return stands at 119.51% since inception. Which is 16.41% CAGR. We have 10% in cash. Strategy outperformance to benchmarks stands at 41.86%
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This week will have 1 Exit and No Entry in both MWV website and smallcase.
MWV is run by Dayanand Deshpande who is considered an authority on Special situation Investing in India. Over the years, Demergers as a theme has generated amazing wealth for our long term clients.
Checkout our MWV strategy page on the website
To know more about the underlying philosophy at MysticWealth Value (MWV). Please watch this detailed webinar
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Listen to this detailed presentation about our Asset Allocation portfolio which is NOW LIVE on Smallcase.
MMG corrected 3% in its first week of launch. This portfolio is rebalanced on a monthly basis. Graphs are too premature to be pasted.
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Have a great Weekend.
MysticWealth