Performance Review: October 2020.

What a roller coaster ride this month was!

Nifty opened the month at 11364.45 and went to make a high at 12025 but could not break out above that level and gave back half of the gains to close the month at 11642.4 or 3.51% up. The broader Nifty 500 ended 2.57% up for the month.

Let’s look at Industry composition of the Dual Momentum Portfolio.

As you can see that the portfolio is still dominated by Pharma & IT in the November month watchlist. Both of them saw some profit booking during the month.

IT Index which at the beginning of the month was up close to 12% but gave up most of the gains to settle at 4.84% while the Pharma Index lost around 4% during the month.

Obviously, this will have some impact on the portfolio returns!

Below is the snapshot of actual portfolio as of 30/10/2020.

The portfolio lost some ground during the month but the overall returns still remain strong at 21%. I had anyways raised the portfolio cash level at the beginning of the month anticipating the volatility this month.

Let’s see how the November month plays out!

Have a great weekend!

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