Financial year 2022-23 was not a great year overall for the Indian equity markets. The year ended with the market continuing to clock a monthly slide in the month of March on the back of global uncertainties fueled by a banking crisis. For the financial year, our benchmark index BSE500 TRI was down by 0.9%. This is …
Category: PMS
Carving Out Marginal Alpha In A Very Weak Month, Sameeksha Continues To Maintain Its Position Among The Top Performing Funds For The Three And Five Year Periods
February was a volatile month for the Indian stock markets. Wild stock movements with key Adani Group companies hitting their upper and lower circuits throughout the month, kept stock market participants on their heels. In this month, the broader indices BSE500 TRI, BSE Midcap TRI and BSE smallcap plunged -2.75%, -1.76%, -2.94%, respectively. While Sameeksha …
Positive Return As Well As Strong Outperformance In A Very Weak Month, Awarded As The Top 2 For The Three Year And 5 Year Period Periods
The first month of the calendar year 2023 produced sharp negative returns for the market, with much of the drop occurring post the report on Adani group published by a US based outfit. Unabated offloading of shares by foreign institutional investors (FII) at the fag end of January 2023 kept the market on edge. As …
Modest Outperformance In A Grim Month, Among Top Five For Three As Well As Five Year Periods Ending 31st Dec 2022!
After successive rises in the last two months, the market ended December 2022 on a negative note as Covid-19 fears in China and US dented the market sentiments. Broader indices – BSE500 TRI, BSE Midcap TRI and BSE Smallcap TRI returned -3.2%, -2.5%, and -2% respectively. We also had a negative month but we managed …
Numero Uno Again
Indian markets had another positive month where the broader markets ended with gains of 3.46% for BSE500TRI. BSE MidcapTRI and BSE Smallcap TRI gained 2.50% and 2.49%, respectively. Sameeksha PMS also had a positive month where we returned 3.78% (net of all fees and taxes), outperforming the benchmark by 0.32%. As seen in Table 1, …
Stable Showing In October
Indian markets ended the month of October 2022 with gains of 4.09% for BSE500TRI though gains were stronger for large caps. BSE MidcapTRI and BSE Smallcap TRI gained 2.05% and 1.30%, respectively. Sameeksha PMS had a positive performance of 3.01% (net of all fees and taxes). Large allocation to Small and Midcap stocks for the …
Outperformance In A Choppy Month
After two successive months of rise, the benchmark BSE500TRI ended at -3.22% with BSE MidcapTRI and BSE Smallcap TRI at -2.05% and -0.56%, respectively in September 2022. This month started with a positive sentiment. However, the FII outflows, weaker rupee, interest rate hikes and recession fears led to a fall by the end of the …
Underperformance In A Volatile Month, Top Decile Rankings Retained For Three And Five Year Periods
While this month was graced with favorable Q1FY23 results across sectors and continued retracting inflation rates, it was faced with several headwinds such as rate hikes by RBI, fear of recession, and uncertainties in global monetary policies. In this month, the broader markets ended with ~ 4.81% returns following a strong July 22 with 9.76% …
Absolute Gains And Relative Underperformance In A Hopeful Month, Sustained Top Decile Rankings In The Three And Five Year Periods
This month gave a ray of hope after a rather challenging 2022. While RBI has continued with its hawkish stance towards rate hikes, the inflation has cooled off marginally and the crude oil prices have come off as well. There was also a turnaround in the FPI sentiments where the FPIs became net buyers in …
Marginal Outperformance And Average One Year Performance, Top Decile Rankings For The Three Year And Five Year Periods Retained
Broader markets remained volatile and mostly bearish throughout the month of June 2022 with a weak performance by benchmark BSE500 TRI that returned -5.08% whereas BSE Midcap TRI (-6%) and BSE SmallCap TRI (-5.9%) suffered more. Notwithstanding ~48% exposure to small and midcap in the fund versus ~21% in the benchmark, Sameeksha PMS has marginally …
