- Wealth PMS (50L+)
Feb 2021 Monthly Update for the Capitalmind Chase Portfolio
With the 7.4% fall in NIFTY during January end, it did seem as if we had a top in place, however, the index bounced back close to 12% from the low, making a new ATH (All time high). The active component of Chase captured a large part of both these moves, till we had a Black-swan-like event, when the NSE halted for more than four hours on the 24th of Feb. Once the markets opened after the halt, shallow liquidity in the index futures led to a considerable slippage when our stop loss hit, as if that was not enough, we had a gap down against us on the 26th of Feb. Even with all of this, the gains from the beginning of the month, kept us in green closing the month with a 14.31% returns.
We closed 5 trades this month, 3 of which were long. Overall on the active component we captured 1098 points.
Our biggest winners and losers
This month the biggest winner made 7.15% (1014 points) on futures and the biggest loser lost -2.71% (-413 points). The YTD average size of winners stands at 3.6% and that of losers being -1.07%
Note – Returns on the futures component includes slippages
We currently have an Open Short Position initiated on 26th of February at 14801
Other Portfolio Fact Sheets:
CM Multicap & Passive Portfolio Feb 2021 Factsheet [Premium Content]
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