The Nifty went completely bonkers this month: +9.83% (+12.28% in USD terms)
Index Performance
Banks stole the show…
Top winners and losers
High beta took flight…
ETFs
| PSUBNKBEES | +19.26% |
| BANKBEES | +17.78% |
| NIFTYBEES | +9.22% |
| INFRABEES | +6.94% |
| JUNIORBEES | +6.67% |
| GOLDBEES | +0.83% |
PSU Banks showed how government backed entities don’t have to create value for their stock prices to go up…
Advancers and Declines
The A/D line is finally trending up… longer, stronger, better?
Yield Curve
Is the yield curve finally pricing in growth?
Interbank Rates
Sector Performance
Investment Theme Performance
| Quality to Price | +19.56% |
| ADAG Mania | +12.49% |
| Balance-sheet Strength | +10.45% |
| Financial Strength Value | +9.24% |
| Enterprise Yield | +8.72% |
| Momentum 200 | +4.97% |
| Magic Formula Investing | +4.19% |
| Efficient Growth | +3.32% |
| Growth with Moat | +3.14% |
| Market Elephants | +1.26% |
Value out-performed story themes…
Thought to sum up the month
There has appeared in our time a particular class of books and articles which I sincerely and solemnly think may be called the silliest ever known among men. They are much more wild than the wildest romances of chivalry and much more dull than the dullest religious tract. Moreover, the romances of chivalry were at least about chivalry; the religious tracts are about religion. But these things are about nothing; they are about what is called Success.
Source: THE FALLACY OF SUCCESS
[stockquote]NEULANDLAB[/stockquote]
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