Markets Overview

Nifty was a bit volatile during the early part of the 4 session week but recovered very well especially on 06 Mar 2024 to close at a new all time high. On a weekly basis, this is the fourth consecutive week with a green candle for the markets & the overall trajectory seems to be very much on the upside.

Benchmark Indices & WeekendInvesting Strategies Overview

All benchmark indices had a good week barring midcaps and smallcaps with gains ranging between 1.7% and 2.3% across Nifty 50, CNX 200, Nifty Jnr and CNX 500. On the FY 24 front, Larger cap indices have witnessed a decent jump with Nifty Jnr now nearing the 60% mark and Nifty 50 closing in on 30% gains. Despite the correction, Smallcaps and midcaps still top the charts with 60% plus gains in FY 24.

Mi ST ATH has performed exceptionally well this week clocking 6.8% compared to 1.7% on the CNX 500 index. This strategy has also recovered really well to post a solid 66% gains compared to 40% on its benchmark. Mi India Top 10 continues to have an outstanding time clocking a massive 5.5% this week compared to Nifty 50 which gained only 2.3%. The biggest surprise is on the FY 24 front where Mi India Top 10 has cruised to a whopping 63% gains compared to 29% on Nifty 50 – a 2x beat on benchmark speaks volumes on the capability of the strategy. Mi EverGreen continues to do well with a robust 3.9% gains this week and a solid 68% in FY24 comfortably beating its benchmark, the CNX 200. A few other strategies also performed better than their respective benchmarks but some faced a bit of correction.

Sectoral Overview

PSU BANKS did well to gain almost 6% this week with METALS taking in the second spot at 5.7%. Majority of the sectors did well outperforming Nifty 50 while IT was the only sector in red. On the FY 24 front, PSU BANKS are closing in on the coveted 100% mark with REALTY and PSE already having conquered that milestone sometime ago.

Owing to some profit booking, PSU BANKS have slipped to #7 on the fortnightly chart while AUTOs put on a fabulous show to top the table. PHARMA has slipped to #11 while the highlight has to be GOLD which has taken #3 position. METALS have done well to take up #4 in last two weeks. PSE has done very well to recover and occupy the 2nd spot (fortnightly) despite the earlier correction. Overall, GOLD and BANKS are also recovery quite well to slowly climb up on the table.

Rebalance Update for the week !

Spotlight - HNI Capital Compounder

The spotlight will continue on our brand new launch – HNI Capital Compounder. Below is a table that showcases the performance of the the strategy in comparison to the CNX 200 index.

Since going LIVE on Smallcase on 28 Sep 2021, the strategy has amassed a superb absolute gain 81% at a CAGR of 27% compared to CNX 200 which clocked only 29% absolute gains at 11% CAGR.

Check out the HNI Capital Compounder’s brochure

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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