I have created a momentum portfolio comprising of 25 top stocks from NSE’s Microcap 250 index. This pf is based on highest momentum on price change and reduced volatility. I rebalance every week. It has been more than a year since I have been running this portfolio and my returns have been good. My trades are done through a discount broker, hence no brokerage is applicable. I have not included statutory or depository charges. I know this will bring down the returns number slightly, but I guess these numbers are still ok. Portfolio started of as equal weighted, but since then I have let the winners run without trimming their size. This means that any new entry will have the same weightage as the stocks going out.
Rebalance is done every Monday following certain rules. If a stock is out of the top 25, but is still within the top 30, it does not get removed. This is done to reduce the churning and associated costs a little bit. Any new name that appears can enter if there is a vacancy only. If the number of entrants are more than the actual exits, then entry will be done on the basis of their ranking.
Portfolio valid for Monday, 26th Feb 2024.
Based on ranking
- ANANDRATHI
- GET&D
- INOXWIND
- ELECTCAST
- CHENNPETRO
- CHOICEIN
- IFCI
- HSCL
- KIRLOSENG
- ANANTRAJ
- HBLPOWER
- NEULANDLAB
- JKTYRE
- RAILTEL
- MAHSEAMLES
- MSTCLTD
- WOCKPHARMA
- STAR
- PAISALO
- ARVIND
- SCHNEIDER
- ITDCEM
- NEWGEN
- JPPOWER
- DBREALTY
Based on A → Z for easy tracking
- ANANDRATHI
- ANANTRAJ
- ARVIND
- CHENNPETRO
- CHOICEIN
- DBREALTY
- ELECTCAST
- GET&D
- HBLPOWER
- HSCL
- IFCI
- INOXWIND
- ITDCEM
- JKTYRE
- JPPOWER
- KIRLOSENG
- MAHSEAMLES
- MSTCLTD
- NEULANDLAB
- NEWGEN
- PAISALO*
- RAILTEL
- SCHNEIDER
- STAR
- WOCKPHARMA*
Entry:
PAISALO and WOCKPHARMA cannot enter as there is no vacancy
Exit:
ASTRAMICRO and TITAGARH stay within the top 30 and hence remain.
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