Hello everyone. I have created a momentum portfolio comprising of 20 top stocks from NSE’s Smallcap 250 index. This pf is based on highest momentum on price change and reduced volatility. I rebalance every week. It has been a year since I have been running this portfolio and my XIRR is around 40% (I am aware that XIRR is valid above 1 year only, but posting this number as I am a week short of 1 year). My trades are done through a discount broker, hence no brokerage is applicable. I have not included statutory or depository charges. I know this will bring down the returns number slightly, but I guess these numbers are still ok. Portfolio started of as equal weighted, but since then I have let the winners run without trimming their size. This means that any new entry will have the same weightage as the stocks going out.
Rebalance is done every Monday following certain rules. If a stock is out of the top 20, but is still within the top 25, it does not get removed. This is done to reduce the churning and associated costs a little bit. Any new name that appears can enter if there is a vacancy only. If the number of entrants are more than the actual exits, then entry will be done on the basis of their ranking.
Portfolio valid for coming Monday, 27th Nov 2023.
- ANGELONE
- APARINDS
- BSE
- BSOFT
- GPIL
- IRCON
- ITI
- JINDALSAW
- JYOTHYLAB
- KALYANKJIL
- KAYNES
- MAPMYINDIA
- MCX
- MEDANTA
- NAM-INDIA
- SAFARI
- SONATSOFTW
- SUZLON
- WELCORP
- ZENSARTECH*
-
- ZENSARTECH is will not be able to enter coming Monday as there is no vacancy. MRPL is still within the top 25 and still part of the portfolio.
If people are interested I can post the updates every weekend. Please note that I am doing this as a hobby and there might be some delay in changing my base list compared to when NSE does the changes on the index.
Views are welcome. Thanks.
98 posts - 19 participants