My Index fund and ETF - May 2024 portfolio review
TLDR - Jan to May 2024 portfolio review
Jan to May 2024
The general market conditions are mostly favourable across the globe. The market is on a tear across the globe. The elections in India seem to have been already settled before the voting has completed. Modi government seems to be inevitable and that has buoyed the market.
The elections and results in the US might be next major one but that seems to be undecided yet. It still seems anyone’s game.
The war in gaza and the ukraine war seems to have been forgotten when it comes to the market and even the price of crude is at below 80 for the most part.
Fed’s decision to come out and state that they are not planning to increase rates seems to have bolstered the confidence further.
The “inflation effect” seems to have benefitted most FMCG companies into raising prices across the board and they have generated record profits. The AI boom on the other end have bolstered the fortunes of the tech sector for the most part.
Key index returns
So how have the major NSE indexes in India. The latest has been until April 2024 for the last 3 months
Access index data for April 2024 at niftyindices.com.
Nifty = 4.19%
Nifty next 50 = 17.57%
Nifty mid cap 150 = 5.79%
Nifty small cap 250 = 5.23%
Surprisingly the performance of Nifty next 50 is more than 3 times of the remaining indices.
17% is insane returns for 3 months.
My ETF Investments
No new investments into ETFs, so these are just organic growth. Comparing the numbers across the year, The market seems to have taken back gains from last year to this year. See the two charts comparing the numbers between August 2023 and July 2022 respectively.
Nifty = 9.91%
Nifty next 50 = 14.86%
Nifty mid cap 150 = 18.7%
Nifty small cap 250 = 21.12%
Amazing, the smaller the cap, the greater are the returns. Amazing isn’t it?
My ETF Investments
No new investments into ETFs, so these are just organic growth. Comparing the numbers across the year, The market seems to have taken back gains from last year to this year.
Current value as of 27-May-24
My Kuvera Index funds
Value as of 7-Aug-23
Value as of 27-May-24
SIP is on auto pilot. Most of the gains is driven by ongoing contributions into the funds every month. XIRR is moving with the market. I am quite happy with this move to 28% returns overall.
The market has been on a tear for the last few quarters. Do I think the market is overbought, of course. I have felt it for the last few quarters already but I am not planning to change anything but to continue as per the plan.
Conclusion
Hopefully you are all having good success in your investing journey.
Leave your comments below.
Happy Investing - #MyFatFIRE
