One year with Weekend Investing’s Mi_NNF10 Momentum smallcase

After trying my hands with Low Risk – Smart Beta, I decided to get serious with smallcase. I chose Weekend Investing’s Mi_NNF10 Momentum smallcase. There were three primary reasons for selecting it.

  1. This smallcase invests in 10 of the Nifty Next 50 companies. These are the companies which I recognise so I was comfortable investing in them.
  2. Stopping my rebalances will mean, at worst, I will be stuck with Nifty Next 50 companies; which shouldn’t be that bad.
  3. This smallcase rebalances every month. There were other smallcases which were rebalanced every week and it was too much for me. Monthly rebalance was something that I could handle. I would have preferred a quarterly rebalance but I guess that’s how momentum strategy works.

Return

I have considered below components in my Amount Invested.

  • Subscription fee for smallcase
  • Being fee for smallcase
  • Amount paid while rebalancing
  • DP charges that I incur while selling shares due to rebalancing
  • Dividends (deducted from Amount Invested)
  • Amount received while rebalancing (deducted from Amount Invested)

For the first six months I did not see any profit. After that the profits have improved and even during the current market correction the smallcase seems to be holding on.

Profit

I have renewed my yearly subscription to this smallcase. Let’s see how it performs in its second year for me.