Markets Overview

In terms of market performance, the Nifty had a blockbuster week leading up to the new year, but this week it remained flattish. However, this consolidation is happening near all-time highs, indicating that there are no major concerns regarding levels. Looking at the weekly chart, we can observe that out of the last ten weeks, there have only been two red weeks, and even those were marginal declines compared to the previous week. This suggests that the market rally is strong and may continue. My speculation is that we may see the Nifty reach 24,000 to 25,000 by May, which could be another 10% increase.

Benchmark Indices Overview

In terms of the broader market, small caps have been leading the way with significant returns. Small caps remain 63.7% up and mid caps are up 57.4% for the financial year. This demonstrates the potential for lumpy returns in the market, where some years may seem quiet, but the following year can make up for it. It’s important for investors to stay invested and have confidence in the market’s ability to deliver returns over time.

WeekendInvesting Overview

Mi ATH 2 saw a blast with a 7.6% increase, while the Mi MT Allcap strategy was up 4.4%. Both of these strategies have performed exceptionally well, with nearly 70% returns for the financial year. It’s worth noting that these strategies are not even focused on small caps, yet they have achieved impressive results.

Mi 20 was up 3.2%, and the HNI Wealth Builder strategy was up 3%. The Mi 20 reached a remarkable 101% return for the financial year, and subscribers of this strategy have been rewarded for their selection. The Mi 25 and Mi 35 were also up nearly 3%, with returns of 64.7% and 85.4% respectively in FY 24. These strategies are underrated and deserve more attention, especially considering their focus on small caps.

Other strategies such as Mi ST ATH, Mi 30, and Mi NNF 10 also experienced positive returns of more than 2%. In terms of benchmark comparisons, the Mi India Top 10 strategy beat the Nifty with a 0.7% increase and achieved a solid 39.6% return for the financial year.

Sectoral Overview

Real Estate and Pharma were the top performers this week, with increases of 7.8% and 3% respectively. Real estate has been a major trend this year, with a whopping 118% increase for the financial year. However, due to limited liquid stocks in the real estate sector, it remains a stock picker’s game and requires careful analysis.

On the other hand, infrastructure and commodities have slipped, while financial services and media have not performed well. It’s important to stay updated on sectoral momentum and adjust investment strategies accordingly.

Rebalance Update for the week !

Spotlight - Mi NNF 10

We did a LIVE AMA covering the importance of large cap exposure in one's portfolio. We also spoke about how Mi NNF 10 has been a consistent performer for over 3 years of live performance in the markets & concluded the discussion with some exceptional questions from the live audience.

We have a special New Year offer on Mi NNF 10

Use code NYE2024 to avail a flat 20% discount on your subscription to Mi NNF 10

Note : Offer valid till end of 10th Jan 2024

Cash Confessions !

We also conducted a poll on the weekend investing app, asking users about their home loan EMI as a percentage of their in-hand income. The responses showed that the majority (56.7%) had a percentage of zero to 20%, which is considered ideal. We discussed the importance of maintaining the right balance between home loan EMI and take-home income.

The WeekendInvesting App

The Weekendinvesting App is a one stop solution for everything about Weekendinvesting and Momentum Investing. This app gives users access to curated market content pieces, insights, performance metrics, momentum watchlists, discounts and many other exciting things. This app acts as a medium for us to provide direct support and resolve your queries.

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