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Portfolio: Momentum Portfolio reduces equities some more

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This is update #3 for March. It has just been that kind of month. Find the 1st March update here and the subsequent one here.

In the last update, we reduced the portfolio to 40% equities and moved the rest to Cash and Gold.

A lot of our focus on refining the momentum framework has been in trying to reduce downside when market corrections happen. But the speed of the current correction has been savage.

For March, we are down -13.4% so far. Disastrous by any measure. NIFTY and NIFTY 500 are down about -23%.

Our move to reduce equities dampened some of the fall, but not enough.

We are now halving equity exposure, down to 20%. And we’re adding debt in the form the Edelweiss Bharat Bond ETF.

The portfolio now sits mostly in Cash, followed by Debt and Gold as its biggest allocations.

As suggested in the original March post, continue to plan to be nimble with this portfolio.

Stocks we are exiting

Portfolio: Momentum Portfolio reduces equities some more

Stocks and ETFs we are adding

Portfolio: Momentum Portfolio reduces equities some more

Portfolio for March 2020 (changed on 23rd March)

Portfolio: Momentum Portfolio reduces equities some more

The lot size remains consistent at ~₹1,53,000.


kite cart users: Link to fresh buys and changes will be posted on #actionable. smallcase users: Will receive an email to rebalance.

For queries, reach out on #helpdesk (premium subscribers)

Portfolio: Momentum Portfolio reduces equities some more

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