Hope you are doing well.
We have been maintaining Alpha and Alpha + Model Sheets since 15th Aug’18 and would like to share with you our Performance card (as on 18th Dec’20).
Just a few days back we released our New Stock Recommendation for Premium Members. You can read about it HERE
You can access latest Investment Reports, Special situation opportunities and Model sheet by opting for Premium Subscription at the following LINK
We believe the performance has been decent with absolute returns of over 42% since 15th Aug’18 against -7% to 20% for major benchmark indices.
The last 2-3 years have been really tough for the investors in general and therefore it feels good to have still delivered around 16.50% CAGR since Aug’18.
Our research/recommendations are almost entirely based on the Small and Mid cap stocks and therefore the out-performance becomes even more significant.
We also checked the performances of the best performing Mid, Small, Multicap, Large cap funds and it feels good to have outperformed all of them. Of course, they have their own limitations of large fund size, inflow-outflow of funds, etc and therefore not strictly comparable.
The Model Sheet service was started on 15th Aug’18 and the purpose of the same was 2-fold:
- Determine performance of our stock research on Portfolio basis (against benchmark indices) than on individual stocks basis
- Give an easily replicable (from any point onwards) tool to members so that they can make the most of our equity research services
I think the first point is quite clear and doesn’t need any explanation.
As far as second point regarding replicability and from any point onwards is concerned, mostly members tend to ignore the same and here I would like to spend some time on the topic.
So, in any Model sheet update, you will find weightages for all the stocks at that particular date. The weightages are based on current value of the holding in the stock and the total portfolio value. If one were to replicate the same weightages and make the changes as per subsequent updates, the returns will mirror that of Model sheet.
Ex. For instance, the current value of the Portfolio is around 70 lakhs. Suppose the same increases to Rs 84 lakhs in next 12 months, then all those who would have replicated it with similar weightages would notice a similar 20% increase in their portfolio value.
Note: Model sheet is an information service, same for all and a reflection of our research analysis. It doesn’t take into account anyone’s personal financial situation or risk profile. Please consult your Investment Adviser before following or implementing the same partially or in totality.
Wish you good health and wealth.
SEBI Research Analyst Registration No. INH100001690
Research Analyst Details
Name: Ekansh Mittal Email Id: [email protected] Ph: +91 727 5050062
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www.katalystwealth.com (here in referred to as Katalyst Wealth) is the domain owned by Ekansh Mittal. Mr. Ekansh Mittal is the sole proprietor of Mittal Consulting and offers independent equity research services to investors on subscription basis. SEBI (Research Analyst) Regulations 2014, Registration No. INH100001690. The model sheet service is an extension and reflection of our research analysis and is in no way a portfolio advisory or buy/sell recommendation for you.
The purpose of model sheet is to get a tentative performance snapshot on portfolio basis than on individual stock basis. It is basically a Performance measuring tool, similar to say an index.
The model sheet service is basically an information service and doesn’t take into account your personal financial situation or risk profile. Please consult your financial adviser before following or implementing the same partially or in totality.
The transactions mentioned are not the actual transactions, but take into account the ending prices for the day and ~0.3% transaction charge.
For the purpose of calculation of returns, the surplus cash (cash i.e. not invested in stocks) will be assumed to be invested in liquid funds at around ~5-6% return per annum.
There’s zero refund policy because as soon as you subscribe to the same you get access to the complete portfolio snapshot.
Details of Associates: Not Applicable
Analyst Certification: The Analyst certify (ies) that the views expressed herein accurately reflect his (their) personal view(s) about the subject security (ies) and issuer(s) and that no part of his (their) compensation was, is or will be directly or indirectly related to the specific recommendation(s) or views contained in this research report.
Disclaimer: www.katalystwealth.com (here in referred to as Katalyst Wealth) is the domain owned by Ekansh Mittal. Mr. Ekansh Mittal is the sole proprietor of Mittal Consulting and offers independent equity research services to investors on subscription basis. SEBI (Research Analyst) Regulations 2014, Registration No. INH100001690.
The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision.
A graph of daily closing prices of securities is available at www.bseindia.com (Choose a company from the list on the browser and select the “three years” period in the price chart.
This report is for the personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you. Ekansh Mittal/Mittal Consulting/Katalyst Wealth is not soliciting any action based upon it. This report is not for public distribution and has been furnished to you solely for your information and should not be reproduced or redistributed to any other person in any form. This document is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. Ekansh Mittal or any of its affiliates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Neither Ekansh Mittal, nor its employees, agents nor representatives shall be liable for any damages whether direct or indirect, incidental, special or consequential including lost revenue or lost profits that may arise from or in connection with the use of the information. Ekansh Mittal/Mittal Consulting or any of its affiliates or employees do not provide, at any time, any express or implied warranty of any kind, regarding any matter pertaining to this report, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement.
The recipients of this report should rely on their own investigations. Ekansh Mittal/Mittal Consulting and/or its affiliates and/or employees may have interests/ positions, financial or otherwise in the securities mentioned in this report. Mittal Consulting has incorporated adequate disclosures in this document. This should, however, not be treated as endorsement of the views expressed in the report.
We submit that no material disciplinary action has been taken on Ekansh Mittal by any regulatory authority impacting Equity Research Analysis.