@gpharshas Cochin has gone up by 10% today. Might help the pf.
Smallcap momentum portfolio (20-09-2024)
@Mudit.Kushalvardhan You could introduce a third look back period of 1 month or 3 months. While I am not in favour of lower time periods, it could solve some of the concerns you have of locking in the gains.
Smallcap momentum portfolio (20-09-2024)
@Mudit.Kushalvardhan yes, you could at multiple options to fine tune the pf, but the problem will be back testing. Without backtesting, it is very difficult to conclude if the change we are proposing will work all the time or not.
What might work for one stock at this moment, might not work all the time for all stocks in the pf.
In any case, try to remove the human bias and make all decisions based on rules. You could make all the above as a rule and implement it.
Systemic decisions are easy to implement.
Cochin Shipyard – went up and came down significantly. In the last couple of days, it has gone up again. We may have exited it prematurely and lost some of the gains.
Smallcap momentum portfolio (20-09-2024)
@avneesh As I wrote to @gpharshas in my previous message, it might be better to compare with the NAV of a MF that replicate the index that you are following.
For example: Motilal Oswal has a smallcap 250 index fund. When I compared the fund returns from 19th August to 20th Sept, NAV has returned a 3.5% growth while this pf has returned -3.73% over the same period. The results may be different over longer periods.
In the other pf that runs on Microcap250, while Motilal Oswal Microcap250 NAV has returned 2.40% over this period, our pf has returned 4.22%.
Over longer periods, I expect that the pf will return better than a MF.
DUSU Polls: 21 candidates in fray for students union elections on September 27 (20-09-2024)
The Delhi University Students’ Union elections are set with 21 candidates vying for various posts. The ABVP, NSUI, AISA, and SFI have nominated their candidates for president, vice-president, secretary, and joint secretary positions. The polls will be held on September 27, with results announced the following day. Last year, ABVP secured three seats while NSUI won one.
Trump Media plummets to new lows on the first day the former president can sell his shares (20-09-2024)
Shares of Trump Media & Technology Group Corp. slumped to their lowest level ever at the opening bell Friday, the first day that its biggest shareholder, former President Donald Trump, is free to sell his stake in the company behind the Truth Social platform.
Smallcap momentum portfolio (20-09-2024)
@gpharshas My suggestion would be to not look at the index directly, but compare with some mutual fund’s NAV that replicate the index.
The reason is basically that indices may have different weightage as compared to stocks in our pf. However, what is important is the profit / loss from the pf. With NAV, we get what we see. Hence, it is a better comparison always.
Motilal Oswal has got a Nifty 500 Index fund. You could compare the NAV over the period that you have invested and see the results.
RBI net buys $6.93 billion in July; forex reserve reaches new high (20-09-2024)
India’s foreign exchange reserves expanded by $67 billion so far in 2024, the second highest among major foreign exchange reserves holding countries, after China