Feb 2021 Monthly Update for the Capitalmind Chase Portfolio
Returns Update
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.
Overall Performance Summary since inception
Summary of this month’s activity
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
Open Positions
We currently have an Open Short Position initiated on 26th of February at 14801
Relevant Reading:
Introducing the CM Chase Strategy
Other Portfolio Fact Sheets:
CM Momentum Feb 2021 Factsheet
CM Multicap & Passive Portfolio Feb 2021 Factsheet [Premium Content]
This article is for informational purposes. Like any strategy involving derivatives, there are risks involved. Premium members get regular actionable updates including stop losses on our slack forum. To know more, DM us on twitter @Capitalmind_in. For access to premium research, model portfolios and the vibrant member forum, you can subscribe to Capitalmind Premium here.
