The Good Bad and Ugly weekly review : 4th April 2023

A tough volatile FY 23 comes to an end with Nifty having exactly returned a flat (-0.6%) in this period. As far as the recent trend is concerned, Nifty has taken support several times around 16800 & 16900 levels & had a superb jump on 31st Mar 2023 to inch closer towards it’s 200 DMA & also is on the verge of breaking out of the receding channel. It does seem like the selling pressure has come down. With a little bit of positive cues, we might see the beginning of the next leg of strong uptrend. Hope FY 24 is that year for all of us !

While this week ended quite well for most indices, FY 23 has remained a dull affair with all indices recording negative returns. Nifty Jnr was the weakest in the lot losing 8% while others also remained negative.

PSU BANKS & PVT BANKS had a great outing this week clocking 4.2% & 3.08% respectively. This week was a fitting finale to FY 23 topper PSU BANKS that has gone to record a phenomenal 36% RoI. FMCG @ 26% & AUTO @ 16% occupy the second & third spot respectively. IT and REALTY were the worst performers this FY 23 returning (-21%) & (-16%) respectively. Overall, it has not been a good outing for most sectors barring the top two.

The final week of this FY was superb for WeekendInvesting strategies all of which clocked between 1% to 3% barring Mi Allcap which stayed flat owing to it’s large cash allocation. Amidst this volatile year, NG 5050 has emerged the top performer clocking 8.3% gains followed by Mi EverGreen @ 7.1%. Both these strategies have exposure to GOLD which has once again proved to have offered great cushion during tough times. Most strategies remained in line with their benchmarks while some had a poor outing. Markets have consolidated for a very long time now and we hope that we will have a very strong uptrend when things start looking positive again.

A SHORT COURSE to Help you Stay Calm in All Market Conditions

Usually, quick – sharp corrections amidst a Bull Run creates ambiguity in the minds of lots of new investors. The most important question we often get asked is whether markets will crash from here. Should we exit? and a few other questions like these. We have made several videos to help you clarify many such questions and help you have the RIGHT MINDSET for a rewarding journey in investing.

We have put together a few of our previous Daily Bytes which we think might be relevant for times like these. Do have a look and send us your thoughts, questions or comments if any.

The smallcase products are all LONG ONLY products that invest in various subsegments of the markets but have the momentum theme underlying in all of them. The strategies will pick strong outperforming stocks and remove weak ones once a week (except Mi NNF10, Mi EverGreen & Mi India Top 10 which is monthly rebalanced)

These are all long-term strategies that will create enormous wealth in each upswing and then maybe give some back in the downswing and repeat this process again and again achieving the compounding effect. With patience and grit to follow strategy over ups and downs over the last nearly five years, it has been shown that much superior CAGR returns are possible than the benchmarks. FY22 was also superb and I will let the numbers speak for themselves. You may read the Consolidated FY22 report.

We give advance notice here on the upcoming changes in your smallcase for Monday. This advance notice can be used to ignore Monday’s update if there is no change. If there is a change indicated you can use the smallcase app or log in to weekendinvesting.smallcase.com to see the rebalance. A backup email is sent by mid-day Monday if you have not rebalanced by then and yet another one a day later.

Note: We are not including LIQUIDBEES as an ADD or an EXIT count. The upcoming rebalance on 03 Apr 2023 will be a biannual rebalance where stocks are updated as per changing underlying indices and weights shall be recalibrated back to original weights as per the composition of the respective strategies (Mi20, Mi35, Evergreen specifically)

Mi EverGreen is an ideal mix of Equity and GOLD that may be a great option to consider as your core portfolio for long term financial goals. The past year has been a tough one but the strategy has navigated these times quite well to clock around (+7%) compared to (-2%) on it’s benchmark, the CNX 200 index – thanks to the presence of GOLD along with the strategy’s ability to stick to the strongest stocks at all times.

The performance of all strategies across various timeframes are listed below

WeekendInvesting Products – LIVE Index Data

Many of you had asked us to make the index series of all WeekendInvesting Products available so that you could perform your own analysis and studies. You can find a link to the LIVE sheet here and also on the HUB under the support column in the content tab.

WeekendInvesting Telegram and YouTube Channel

We post daily content related to investing on our Weekendinvesting Telegram Channel and YouTube channel to help our community take stock of the performance of markets, sectors & our products and touch base upon a new topic every day. We look forward to having you all there! Several videos in this blog are from this series.