Wealth Zoom Portfolio - by apu_shiv
Wealth Zoom model portfolios have recovered a bit over the past fortnight, after three months of merciless battering. Wealth Zoom is back into positive territory; it’s up over 10% from its last score, and has hit Rs 10.68 on its net asset value (NAV) score. The portfolio did better than its benchmark, outperforming the CNX Midcap by a good 2%. Safe Wealth too has regained lost ground in the past two weeks.
It has clawed back to an NAV of Rs 11.11 and has gained a little over 3% for the fortnight. That’s good going, though 2.5% less than the rise in the benchmark Nifty during the same period. Wealth Zoom has exited tea producer McLeod Russel with over 60% gain, a rare achievement. The other exits have been less exciting, with moderate profits in oil and gas exploration major Alpha Geo India (13% gain) and Apollo Tyres (23% gain), and awful losses being booked in smaller holdings like Bharat Electronics (-32%) and NIIT Technologies (-53%).