The last 2 months were not happy, from a relative performance point of view. The reasons for this are not difficult to see. I went on purchasing IDFC, Oberoi Realty and IL&FS Investment Managers, despite poor market performance. This general underperformance of some of my largest holdings was a prime reason for the underperformance. Other stocks which significantly underperformed also included Selan Exploration and Sesa Sterlite, partly driven by the Oil price fall. NMDC was another underperforming, based on low global iron ore prices, though NMDC’s own financial performance should continue to be robust.
Here is my graph of relative performance:
Here is a table of rolling returns:
Column1 | Nifty | Midcap Nifty | SBI Midcap Fund | Kotak Classic Fund | My Porfolio |
Last Month | 3.3 | 4.3 | 3.6 | 4.4 | 3.8 |
Last 3 Months | 5.6 | 7.6 | 13.0 | 7.5 | 8.3 |
Last 6 Months | 22.0 | 32.7 | 41.0 | 24.0 | 47.3 |
Last Year | 32.3 | 53.4 | 76.1 | 38.5 | 89.4 |
Since Inception | 32.3 | 53.4 | 76.1 | 38.5 | 89.4 |