May 08, 2018

Q4FY18 - Portfolio Performance

In this post, we highlight the performance of the portfolio for the quarter ended 31st December, 2017. We document our portfolio performance on a quarterly basis for the benefit of our readers and those who are interested in knowing the performance of our advisory service.
This post focuses solely on the performance of stocks and not the company results.
Performance

Q4FY18 was a wild quarter for our portfolio. We lost ~ -6.36% on the portfolio against a - 3.96% fall in the value of the Nifty index between 29 December 2017 and 28 March 2018. This was an under-performance of 2.4% and this is first quarter of under-performance from our side. For new investors, the allocation to equities is 45% to 50% and for those associated with us since end of 2016, the allocation is now touching 80%. This was a tough quarter for the markets and PC Jewellers was a big reason of our under-performance despite having a very low allocation.

As you can see, there was a wild swing in our portfolio from it's peak in the 2nd week of January to it's lows in the 3rd week of March. Our overall portfolio drawdown was 13.18% vs the Nifty's drawdown of 10.72%. If your portfolio fell by more than 20% in this fall, you should be concerned about the risk profile and health of your portfolio. We are also satisfied that our portfolio has risen back faster than the broader market.
For new members, we do not have Shakti Pumps, Bajaj Corp, Ambika Cotton, Indo Borax in the portfolio. Even the allocation of Tata Elxsi has been reduced to 4% of the portfolio from previous 8%.
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