April Portfolio

Instead of sharing this on 1st of April, I’m sharing this on 28th of April. Even though the portfolio was rebalanced on time I’ve lacked in sharing this timely manner, hopefully on time ahead. Nonetheless, it’s merely 5 people who get these insights so I’m not keeping many waiting.

Let’s dive straight in,

Below is the ratio chart for Gold in INR and CNX500. Now if you believe in this chart it simply shows it’s time for equities to outperform Gold and a new cycle is underway. A simple way to read this chart is when we are at the top part near the white line it’s time to start allocating more towards equities compared to Gold.

Is it time to go all in Equities then? No, not yet, at least for me. I’m deploying tactically more towards certain stocks at this moment.

Until the September 2024 high is not broken decisively, I’m staying cautious. Once we are 3-4% above the recent high I’ll probably deploy lumpsum. For now, I’m looking at sectorwise strength and then making tactical allocation in addition to the below Momentum Portfolios. Power, Metal & Energy sector stocks is where I’ve deployed some capital over the last couple of months and adding to them as they keep showing strength relative to the market.

Moving towards my Momentum portfolio for April,

Smallcaps and Midcaps are showing strength and I’ll probably start adding them soon, maybe around mid-May or June. Will add that portfolio once and when I do.

That’s it for April!

May edition comes out in just 4 days!

- Manish Chandre