10 strongest and liquid stocks hitting All Time Highs | Downside protection | Weekly Rebalanced
Investment Rationale
MI_ST_ATH is an absolute momentum strategy which chases stocks near their All time highs. It is a well-researched phenomenon that stocks that are near to their all-time highs have a high probability to keep performing well.
An up-to 10 stock concentrated portfolio with equal weights for each component
Stocks from NSE listed universe (with additional filters of very high turnover stocks only) and above market capitalization of 1000cr or more.
Stock selection based on Momentum ranking and nearness to their All Time Highs
Absolute Momentum performance is the basis for each stock selection
Every week the portfolio is reviewed and stocks which do not hold up the exit criterion are shelved while new ones enter.
At times when new momentum picks are not available the portfolio will sit in cash (in interest bearing instruments like LIQUID BEES).
There is zero discretion of the manager in running this portfolio.
The strategies have been rigorously back tested on years of data to prove their efficacy.
The optimal size for investing in this portfolio is INR 5 to 30 lacs
