July: -3.3% While Nifty 500 Gained 1.8% — The First Red Month
July 2026 update: the momentum portfolio fell 3.27% while Nifty 500 rose 1.80%. FY27 remains +28.71% vs +14.04%, with one rules-based exit at month-end.
Jul 31, 2026*5 min read*Markets
Field notes from systems I run, businesses I study and ideas that survived being tested.
July 2026 update: the momentum portfolio fell 3.27% while Nifty 500 rose 1.80%. FY27 remains +28.71% vs +14.04%, with one rules-based exit at month-end.
June 2026 update: the grind month. Eleven up days, ten down days, and the smallest alpha of the quarter. Q1 FY27 closes at +33% vs +12%.
May 2026 update: +5.65% against a flat Nifty 500. The month that answered April's own question about where the alpha comes from.
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