- My look back dates are 1y and 6m are 30/06/2023 and 29/12/2023 respectively.
2a. As I was mentioning, instead of looking at the index values, if we were to look at NAV of some MF, that might be a good reference. The NAV of this MF might also suffer from same issue of weightage as it is purely passive investing. However, it is good comparison as that is what an investor will get if he had invested in that fund. I did a quick check on the NAV of this fund and compared from 09th May (when I started to compute NAV) to 28th June. Motilal has given a return of 15.68% and this pf has given 17.67%.
2b. Thanks for your clarification. This is quite possible. We have chosen 25 out of 250 stocks for investment. On days when the stocks outside our 25 go up or when stocks in our 25 go down, then clearly we will underperform the index. However, over longer periods, I expect that this pf will benefit by the same logic that we are holding just 25 of the strongest stocks. I might compare the returns with this fund on 1m, 6m and 12m basis going forward (as and when my NAV data becomes mature).
Thanks for your recommendation regarding Wesley Gray’s book. Will check it out.
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