WEEK that was
Nifty is still below its 200-day moving average indicating we are not out of the woods yet, however, Index can consolidate while stocks take leadership. Smallcap index rose 3.5% this week. Our cash position in MWM has started to hurt.
Here is a weekly update on our strategies.
MWM lost -0.9% this week to close at 243.33% total returns. Our Overall outperformance to benchmarks is at 163.80%. The current Drawdown stands at –18.13%. We have averaged 26.47% CAGR since April 2017.
This week will have 3 Entries and 1 exits in MWM.
#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.
MMG is a smoother version of MWM with the introduction of Gold which acts as a natural hedge.
This month had 10 exits and 10 new entries.
The current drawdown and returns are at -5.72%
In case you find Drawdowns of MWM unbearable, please watch the below presentation on Asset Allocation product MMG.
Mystic Wealth value gained 2.51% this week. Our Overall return stands at 114.41% since inception. Which is 15.63% CAGR. We have 15% in cash. Strategy outperformance to benchmarks stands at 34.89%
This week will have 2 entries. 01 Pyramid and 01 new.
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.
To know more about the underlying philosophy at MysticWealth Value (MWV). Please watch this detailed webinar
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