This is the second update on the three strategies we put into play at the start of the year. The market has recovered a bit between the last month and this month. It seems as if Nifty 50 has made an interim bottom near 22,000 for the time being and will consolidate for some time in the current range.

The divergence in the three strategies had started last month itself. This month, the divergence continues and the strategy that was winning last month has pulled ahead. However, the second and third place have switched. It will be really interesting to see how the strategies play out over really long time horizon.

The Update

As planned, Indu, Muthu and Shekhar invested additional INR 20000 this month. The prices shown below are closing prices of 26^th March.

Indu’s portfolio (The index fan) –

Mutual Fund Scheme	Existing Units	New Investment	NAV	New Units	Total Units	Value
ICICI Pru Nifty 100 ETF	4608.794	20000	26.55	753.296	5362.089	142363.47

Invested Amount	140000
Current Value	142363.5

Muthu’s portfolio (the mutual funds sahi hai guy) –

Sr No	Mutual Fund Scheme	Existing Units	New Investment	NAV	New Units	Total Units	Value
1	ICICI Large and Mid Cap fund	26.387	4000	928.84	4.306	30.694	28509.38
2	HDFC Mid-cap Opprtunities fund	136.873	4000	174.1	22.975	159.848	27829.54
3	Parag Parikh Flexi Cap fund	303.850	4000	79.94	50.038	353.888	28289.77
4	Nippon India Multi Cap fund	90.285	4000	271.22	14.748	105.033	28487.16
5	HDFC Small Cap fund	190.101	4000	121.35	32.963	223.063	27068.75

Invested Amount	140000
Current Value	140184.6

Shekhar’s Portfolio (the stock picker) –

Sr No	Stock	Existing Shares	New Investment	Buy Price	New Shares	Total Shares	Value
1	Aarti Industries	5.55	400	389.45	1.03	6.58	2561.377
2	Aarti Pharma	3.73	409.33	733.2	0.56	4.29	3146.824
3	Asian Paints	1.06	400	2323.15	0.17	1.24	2871.396
4	Astral	1.65	400	1278.85	0.31	1.96	2510.047
5	Axis Bank	2.50	400	1096.25	0.36	2.87	3146.09
6	Bajaj Finance	0.32	400	8866.05	0.05	0.36	3201.572
7	Bajaj Finserv	1.37	400	1943.4	0.21	1.58	3062.965
8	Bajaj Housing Finance	21.84	400	115.99	3.45	25.29	2932.831
9	Britannia	0.48	400	4849.7	0.08	0.56	2705.571
10	Chola Investment	1.93	402.51	1522.25	0.26	2.19	3336.946
11	Dabur	4.62	400	508.85	0.79	5.40	2749.281
12	Deepak Nitrite	1.08	400	2016.7	0.20	1.28	2578.765
13	Devyani International	13.92	400	148.69	2.69	16.61	2470.103
14	Divis Labs	0.42	400	5839.2	0.07	0.49	2834.465
15	DMART Avenue Supermart	0.67	400	3945.7	0.10	0.77	3051.342
16	Eicher	0.46	400	5403.3	0.07	0.54	2908.825
17	Garware Technical	3.13	400	821.3	0.49	3.62	2970.273
18	Havells	1.57	400	1493	0.27	1.84	2746.16
19	HCL Tech	1.36	400	1633.4	0.24	1.60	2621.467
20	HDFC Bank	1.45	400	1806.55	0.22	1.67	3019.553
21	HUL	1.02	400	2245.95	0.18	1.20	2694.474
22	ICICI Bank	1.98	400	1335.9	0.30	2.28	3046.075
23	Indian Hotels	3.11	400	808.2	0.49	3.61	2915.243
24	Infosys	1.29	400	1599.45	0.25	1.54	2467.599
25	Jio Finance	9.95	400	222.67	1.80	11.75	2615.353
26	Kotak Mahindra Bank	1.26	400	2144.9	0.19	1.45	3110.43
27	L&T Technologies	0.45	400	4517.8	0.09	0.54	2445.937
28	LTI Mindtree	0.41	400	4619.75	0.09	0.50	2312.712
29	Mankind Pharma	0.97	400	2403.7	0.17	1.13	2728.188
30	Manyavar Vedant Fashions	2.25	400	755.5	0.53	2.78	2101.448
31	Metro Shoes	1.98	400	1055.3	0.38	2.36	2485.407
32	Muthoot Finance	1.10	400	2313.55	0.17	1.28	2952.841
33	Naukri Info Edge	0.32	400	7044.35	0.06	0.38	2676.595
34	Nestle	1.08	415.44	2243.45	0.19	1.27	2846.407
35	Nykaa	14.40	400	171.95	2.33	16.73	2876.33
36	Page Industries	0.05	407.9	42261.15	0.01	0.06	2632.851
37	PayTM	3.02	400	776.9	0.51	3.54	2747.305
38	Pidilite	0.85	400	2845.4	0.14	0.99	2815.677
39	Reliance	1.94	400	1273.05	0.31	2.25	2865.867
40	SRF	0.92	403.31	2893.9	0.14	1.06	3061.4
41	Tata Consumer	2.41	400	959.65	0.42	2.83	2716.103
42	Tata Elxsi	0.38	400	5567	0.07	0.46	2538.037
43	Tata Motors	3.33	400	708.25	0.56	3.89	2757.778
44	TCS	0.59	400	3635.8	0.11	0.70	2551.89
45	Titan	0.71	400	3057.5	0.13	0.84	2579.724
46	Torrent Pharma	0.75	400	3219.1	0.12	0.88	2823.78
47	Trent	0.44	400	5321.95	0.08	0.52	2767.819
48	Tube Investments	0.77	401.55	2710.7	0.15	0.92	2496.647
49	Varun Beverages	4.53	400	527.9	0.76	5.29	2792.197
50	Zomato	11.05	400	203.29	1.97	13.02	2646.202

*This month dividends came in for Aarti Pharma, Chola Investment, Nestle, Page, SRF and Tube Investments. I am counting that as re-invested in the same stock.

Invested Amount	140000
Current Value	138494.2

Comparison and Progress Chart –

Investment	Indu	Muthu	Shekhar
140000	142363.5	140184.6	138494.2

Looking at the numbers in the table above of the total value of portfolio, the divergence has become quite pronounced between Indu and Shekhar. While Muthu’s mutual funds have also pulled ahead of Shekhar’s stocks portfolio.