P&L REPORTS UPDATED FOR THE WEEK

Profit and loss reports for the week ended Sept 25, 2009 have been uploaded and you can download them by just clicking on the links above..

The week that went by saw a rise in the corpus of The Nifty Futures Fund by INR 2802/per lot of Nifty Futures and of The Equity Futures Fund by INR 9398/per lot of Equity Futures.  This works out to a return of 20.23% per month and 242.84% per annum on a corpus of INR 60,000 per lot of Nifty Futures, and a return of 33.93% per month and 407.22% per annum on a corpus of INR 1,20,000 per lot of Equity Futures.

The report presents the half yearly performance figures for financial year 2009-10.
The report also summarizes monthly profits from April 09 to Sept 09 as well as  the average performance per month and per annum.

The Nifty Futures Fund has realized a return of 19.82% per month and 237.82% per annum.
The Equity Futures Fund has realized a return of 19.37% per month and 232.49% per annum.

While some months have given us bumper profits, there have been months with negative returns too which is fine by the law of averages.  In sum, an annual performance of 100% return on the corpus employed would be our target.

Our focus on Equity Futures has mainly been Reliance, mainly because of the volumes and the interest this stock generates amongst the trading fraternity as well as its weightage in the Nifty Index and of course the hedging possibilities with the Nifty.  Sheer time constraints have bogged me down from venturing into the other Nifty 50 stocks at the present moment.  The time and energy invested in being able to generate profitable calls on just the Index and one of the Index movers is stupendous and there are just not enough energy reserves available to even look into the other trading possibilities.  Though, I am currently doing exhaustive research on the Dow Futures and possibly we might set up a Dow Futures Fund too commencing Oct 09.

As I sign off, I see the Dow on a steep upswing as expected and tweeted sometime ago.  This brings good cheer for the traders out here in India and I am sure most of them would enjoy a sound night's sleep on the back of this pleasant outcome.

A happy Dassera and a fulfilling Yom Kippur's Day to all.