The Nifty ended the month +2.23% (+2.78% in USD terms)
Index Performance
IT and Realty indices stole the show…
Top winners and losers
Glaxo shot up on the back of the buyback offer from its parent. Bosch, however, seems to be on a ride of it own…
ETFs
| INFRABEES | +4.79% |
| JUNIORBEES | +4.45% |
| PSUBNKBEES | +3.55% |
| BANKBEES | +2.64% |
| NIFTYBEES | +2.34% |
| GOLDBEES | -4.61% |
Infrastructure and banks continued to rock. Gold fell out of favour.
Advancers and Decliners
Yield Curve
Rates rose across the curve, but more so on the long-end…
Investment Theme Performance
| Quality to Price | +16.49% |
| Market Elephants | +12.54% |
| Growth with Moat | +11.40% |
| Balance-sheet Strength | +10.77% |
| Efficient Growth | +6.41% |
| Financial Strength Value | +5.85% |
| Velocity* | +5.70% |
| Long Term Equity* | +5.23% |
| Consistent10* | +4.99% |
| Magic Formula Investing | +3.76% |
| Momentum 200 | +3.71% |
| Market Fliers | +1.10% |
| Enterprise Yield | +0.92% |
| ADAG Mania | -1.47% |
The best performing strategy was small-cap value…
*Contributed Themes
Sector Performance
Thought of the month
Magic is based on belief in a set of rituals. A person will only consult a magician if they have faith in the actions that the magician will perform. Science is not based on belief in its theorems, the equivalent of magic’s rituals, but on a belief in the process by which science is created.
Source: Finance + Research