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How has the icTracker performed against the Nifty 50?

Starting with an initial corpus of Rs.100,000, we backtested the performance of the icTracker by constructing a virtual portfolio based on the icTracker recommendations, and benchmarked it against the Nifty 50. Here is how this virtual portfolio has performed from June 2007 onwards:


As seen above, the initial corpus of Rs.100,000 invested on 30 June 2007 has grown to Rs.2,819,353 as of 30 June 2017.

In other words, the icTracker has outperformed the Nifty 50 by 1259% during this period.


Generated Portfolio Stats
CAGR Alpha Beta Std Deviation Sharpe Ratio Treynor Ratio Modigliani Ratio
39.60%31.96%0.599670532.48%101.86%55.16%30.25%

The detailed performance data for the above chart is shown below.
icTracker gen.Nifty 50
Qtr EndTrade DatePortfolio valueIndex ValuePortfolio value
30 Jun 200713 Aug 2007100,0004,373.65100,000
30 Sep 200712 Nov 2007115,3865,617.10128,431
31 Dec 200712 Feb 2008100,5224,838.25110,623
31 Mar 200813 May 2008101,2334,957.80113,356
30 Jun 200812 Aug 200890,5534,552.25104,084
30 Sep 200812 Nov 200883,9122,848.4565,128
31 Dec 200812 Feb 200999,4532,893.0566,147
31 Mar 200913 May 2009133,9293,635.2583,117
30 Jun 200912 Aug 2009198,8884,457.50101,917
30 Sep 200912 Nov 2009280,4314,952.65113,238
31 Dec 200915 Feb 2010326,2504,801.95109,793
31 Mar 201013 May 2010385,1525,178.90118,411
30 Jun 201012 Aug 2010413,2865,416.45123,843
30 Sep 201012 Nov 2010480,3276,071.65138,823
31 Dec 201014 Feb 2011480,0775,456.00124,747
31 Mar 201113 May 2011466,2865,544.75126,776
30 Jun 201112 Aug 2011464,0945,072.95115,989
30 Sep 201114 Nov 2011477,2635,148.35117,713
30 Dec 201113 Feb 2012450,7915,390.20123,243
30 Mar 201214 May 2012460,9394,907.80112,213
30 Jun 201213 Aug 2012474,6335,347.90122,276
30 Sep 201212 Nov 2012549,4705,683.70129,953
31 Dec 201212 Feb 2013540,6125,922.50135,413
31 Mar 201313 May 2013532,7945,980.45136,738
30 Jun 201312 Aug 2013511,1565,612.40128,323
30 Sep 201312 Nov 2013473,1776,018.05137,598
31 Dec 201312 Feb 2014527,3766,084.00139,106
31 Mar 201413 May 2014544,3167,108.75162,536
30 Jun 201412 Aug 2014656,0807,727.05176,673
30 Sep 201412 Nov 2014967,7748,383.30191,677
31 Dec 201412 Feb 20151,124,3178,711.55199,183
31 Mar 201513 May 20151,101,9518,235.45188,297
30 Jun 201512 Aug 20151,238,2698,349.45190,904
30 Sep 201513 Nov 20151,196,9907,762.25177,478
31 Dec 201512 Feb 20161,185,2336,980.95159,614
31 Mar 201613 May 20161,160,8967,814.90178,681
30 Jun 201612 Aug 20161,429,7098,672.15198,282
30 Sep 201615 Nov 20161,338,9848,108.45185,393
31 Dec 201613 Feb 20171,518,8948,805.05201,320
31 Mar 201715 May 20172,006,7769,445.40215,962
30 Jun 201714 Aug 20172,819,3539,794.15223,935
CAGR39.60%8.39%


The icTracker recommendations based virtual portfolio that has achieved this incredible feat is reproduced below for your reference. This portfolio includes dividends, stock splits and bonus where applicable. Buy transactions less than six months old that are still open, remain undisclosed.
StockBUY TransactionsSELL TransactionsPROFITLATEST
NoNameDateQtyPriceSLValueDateQtyPriceValueDividendGainPriceValue
1 Godrej Consumer Products13 Aug 2007189140.4133.526,5538 Oct 2007189132.525,015--(1,537)----
2 Grasim Industries13 Aug 200722,938.32,263.65,88212 Nov 200723,531.87,057--1,174----
3 GlaxoSmithKline Consumer Healthcare13 Aug 200749601.6548.729,50512 Nov 200749607.229,721588215----
4 Pidilite Industries13 Aug 2007261140.1112.536,59012 Nov 2007261196.251,14439214,554----
5 Godrej Consumer Products12 Nov 2007758123.0106.093,28922 Jan 2008758105.479,786--(13,503)----
6 ITC Limited12 Nov 200739178.8166.76,98013 May 200839225.48,780--1,800----
7 Lakshmi Machine Works12 Nov 200723,682.73,072.87,37310 Jan 200823,062.26,11840(1,254)----
8 Vijaya Bank12 Nov 200713863.154.48,7107 Mar 200813854.27,475--(1,235)----
9 Container Corporation of India13 May 200849934.4140.345,82912 Aug 200849879.943,070368(2,759)----
10 Manappuram Finance13 May 2008164158.4141.026,00419 Jun 2008164141.023,098--(2,906)----
11 Nestle India13 May 2008131,871.61,537.224,35515 Jul 2008131,536.719,957--(4,398)----
12 Titan Industries13 May 200851,194.61,001.95,97930 Jun 200851,000.04,995--(984)----
13 CRISIL Limited12 Aug 2008243,694.93,430.988,76612 Sep 2008243,425.382,126--(6,640)----
14 Colgate Palmolive India12 Nov 200897386.6357.737,53312 Feb 200997438.642,5028734,969----
15 Dabur India12 Nov 20084585.771.43,85812 Feb 20094591.84,12734269----
16 Hero Motocorp12 Nov 200857752.8652.742,95013 May 2009571,194.968,038--25,089----
17 Eclerx Services12 Feb 200930100.293.13,00919 Feb 20093093.12,790--(219)----
18 Hero Motocorp12 Feb 200929918.4823.026,65913 May 2009291,194.934,616--7,957----
19 Thermax Limited12 Feb 2009108161.2130.417,42713 May 2009108263.928,473--11,046----
20 CG Power and Industrial Solutions13 May 200939168.0120.06,55712 Aug 200939270.710,545--3,988----
21 Honeywell Automation India13 May 2009101,116.3694.211,17412 Aug 2009101,545.215,437--4,262----
22 Pidilite Industries13 May 2009121391.979.9111,58612 Aug 20091213136.0164,7422,12353,156----
23 Symphony Limited13 May 20098251.240.14,20312 Aug 20098268.85,632--1,429----
24 Gujarat Mineral Development Corporation12 Aug 20095291.071.94,73412 Nov 200952107.55,584104850----
25 IPCA Laboratories12 Aug 2009130612.1495.679,64612 Nov 2009130892.1115,85165036,204----
26 Jagran Prakashan12 Aug 200932592.474.630,06012 Nov 2009325119.938,9291,3008,869----
27 Jindal Steel and Power12 Aug 2009102,966.3395.129,69214 Sep 200960431.125,838330(3,854)----
28 Manappuram Finance12 Aug 2009172322.4237.155,50812 Nov 2009172538.992,598--37,090----
29 Bayer CropScience12 Nov 2009244431.2364.6105,30615 Feb 2010244541.4131,957--26,651----
30 Nestle India12 Nov 2009342,629.22,219.989,48015 Feb 2010342,722.092,455--2,975----
31 Page Industries12 Nov 2009104691.1646.271,94115 Feb 2010104817.084,87862412,937----
32 Titan Industries12 Nov 200981,385.01,232.211,09115 Feb 201081,717.013,722--2,632----
33 Bajaj Auto15 Feb 2010551,792.71,669.698,69413 May 2010552,203.7121,080--22,385----
34 Colgate Palmolive India15 Feb 2010106713.7668.275,72313 May 2010106737.478,0865302,364----
35 HDFC Bank15 Feb 2010781,613.81,467.2126,00213 May 2010781,965.4153,144--27,142----
36 TVS Srichakra15 Feb 201078236.4198.218,45813 May 201078299.423,3267804,868----
37 Wabco India15 Feb 201010736.6519.57,37313 May 201010821.58,206--833----
38 Castrol India13 May 2010266380.257.8101,22112 Aug 2010266470.2124,9351,86223,714----
39 MphasiS Limited13 May 201036680.2641.924,51019 May 201036640.223,025--(1,485)----
40 Nestle India13 May 2010932,787.92,670.7259,52912 Aug 2010932,837.0263,573--4,043----
41 Canara Bank12 Aug 2010315492.7432.8155,35612 Nov 2010315787.1247,689--92,333----
42 South Indian Bank12 Aug 20101115199.916.5223,05623 Sep 20101115017.6195,500--(27,555)----
43 Tata Motors DVR12 Aug 201015755.3552.811,34012 Nov 201015866.212,980--1,640----
44 Whirlpool of India12 Aug 201080297.7251.623,83612 Nov 201080306.124,460--624----
45 Eclerx Services12 Nov 201093661.8539.261,60914 Feb 201193651.060,478--(1,131)----
46 Page Industries12 Nov 20101021,405.41,265.2143,48914 Feb 20111021,568.9159,86881616,379----
47 Wabco India12 Nov 20102551,078.41,017.6275,26716 Nov 20102551,016.5258,953--(16,314)----
48 Kwality Limited14 Feb 20113780110.1101.6416,59413 May 20113780108.6409,909--(6,686)----
49 Tata Motors DVR14 Feb 201150727.1617.336,39124 Feb 201150611.530,544--(5,847)----
50 UCO Bank14 Feb 2011262104.087.627,27521 Jul 201126287.422,888786(4,387)----
51 Bajaj Auto13 May 2011181,336.61,225.024,08312 Aug 2011181,454.626,1567202,073----
52 Colgate Palmolive India13 May 2011293919.5826.0269,66812 Aug 2011293920.2269,3342,344(334)----
53 Nestle India13 May 2011254,106.13,631.5102,75512 Aug 2011254,133.2103,225--470----
54 UCO Bank13 May 201138899.383.638,5672 Aug 201138883.332,2801,164(6,287)----
55 Asian Paints12 Aug 2011633,229.13,032.9203,6375 Oct 2011633,032.0190,825--(12,812)----
56 Hero Motocorp12 Aug 2011951,890.31,764.2179,7536 Jan 2012951,758.4166,8783,325(12,875)----
57 VIP Industries12 Aug 2011103771.9130.179,58531 Oct 2011515138.771,366721(8,219)----
58 Amara Raja Batteries14 Nov 2011461213.3191.498,43013 Aug 2012461318.3146,5671,74348,137----
59 GlaxoSmithKline Consumer Healthcare14 Nov 2011192,666.62,382.450,71613 Aug 2012192,784.752,8556652,139----
60 Hero Motocorp14 Nov 2011542,209.61,988.7119,43512 Dec 2011541,986.3107,151--(12,284)----
61 Asian Paints13 Aug 2012453,772.73,517.8169,93912 Nov 2012454,089.6183,84842813,909----
62 Kaveri Seed Company13 Aug 2012121801.4683.397,06612 Nov 20121211,194.1144,336--47,269----
63 Page Industries13 Aug 2012233,125.92,936.171,96612 Nov 2012233,255.374,797--2,831----
64 Pidilite Industries13 Aug 2012339180.8167.061,33612 Feb 2013339244.282,684--21,349----
65 Whirlpool of India13 Aug 2012286253.7214.372,63112 Nov 2012286257.973,686--1,055----
66 Amara Raja Batteries12 Nov 201251259.9108.713,26812 Feb 201351287.114,625--1,357----
67 Bayer CropScience12 Nov 20121841,178.01,059.4216,96912 Feb 20131841,129.7207,657--(9,312)----
68 City Union Bank12 Nov 201264559.552.138,41622 Nov 201264551.933,439--(4,976)----
69 Kajaria Ceramics12 Nov 2012773222.1180.7171,85512 Feb 2013773203.8157,380--(14,475)----
70 Pidilite Industries12 Nov 2012186208.5195.238,82012 Feb 2013186244.245,366--6,547----
71 Bajaj Auto12 Feb 2013842,076.21,940.3174,57126 Feb 2013841,936.6162,510--(12,061)----
72 Britannia Industries12 Feb 2013223477.0453.6106,46613 May 2013223560.4124,833--18,367----
73 Emami Limited12 Feb 201375610.2386.345,80726 Jun 2013112397.844,507896(1,300)----
74 TTK Prestige12 Feb 2013573,462.63,156.9197,56322 Mar 2013573,155.2179,668--(17,895)----
75 VST Industries12 Feb 2013101,799.81,685.718,01625 Feb 2013101,680.116,784--(1,231)----
76 Bosch Limited13 May 2013169,035.38,569.2144,70916 Jul 2013168,568.9136,965--(7,744)----
77 City Union Bank13 May 2013175454.351.595,25024 Jul 2013175451.490,0581,754(5,191)----
78 Emami Limited13 May 201384677.5409.056,96326 Jun 2013126416.052,3601,008(4,602)----
79 VST Industries13 May 20131111,585.31,514.4176,1397 Aug 20131111,512.7167,7446,938(8,395)----
80 Britannia Industries12 Aug 201362735.0689.445,61621 Aug 201362688.942,669--(2,946)----
81 Castrol India12 Aug 2013988322.6296.9319,04812 Nov 2013988299.4295,462--(23,586)----
82 Colgate Palmolive India12 Aug 2013651,326.71,180.386,31812 Nov 2013651,232.079,997585(6,322)----
83 Kaveri Seed Company12 Aug 2013161,642.71,526.026,30927 Aug 2013161,524.724,371--(1,937)----
84 Symphony Limited12 Aug 2013104319.9284.233,30321 Aug 2013104284.229,530--(3,773)----
85 Ajanta Pharma12 Nov 2013172949.6711.2163,49513 May 20141721,071.8184,165--20,671----
86 Dhanuka Agritech12 Nov 2013610153.0136.993,42312 Feb 2014610187.2114,078--20,654----
87 Eclerx Services12 Nov 2013241,113.9833.726,76012 Aug 2014241,240.629,7438402,983----
88 Page Industries12 Nov 2013394,901.44,387.7191,34612 Feb 2014395,628.3219,28458527,938----
89 Ajanta Pharma12 Feb 2014115967.2923.3111,33913 May 20141151,071.8123,134--11,795----
90 Britannia Industries12 Feb 2014169905.8856.2153,22518 Mar 2014169856.1144,542--(8,683)----
91 Eclerx Services12 Feb 2014251,204.91,049.630,15328 Mar 2014251,048.426,184--(3,969)----
92 HCL Technologies12 Feb 2014251,490.81,195.437,30713 May 2014251,432.935,787100(1,521)----
93 Britannia Industries13 May 2014183874.2824.1160,12912 Aug 20141831,152.5210,6882,19650,558----
94 Eclerx Services13 May 20141791,263.71,038.7226,42912 Aug 20141791,240.6221,8366,265(4,592)----
95 Kitex Garments13 May 2014302136.488.541,21912 Aug 2014302276.583,420--42,201----
96 South Indian Bank13 May 2014334624.421.981,72412 Aug 2014334628.193,9292,67712,205----
97 Kaveri Seed Company12 Aug 2014107796.8667.585,34312 Nov 2014107901.396,33752410,994----
98 PI Industries12 Aug 2014234405.5315.894,97012 Nov 2014234447.2104,5292349,558----
99 Symphony Limited12 Aug 20141411,142.1974.3161,19712 Nov 20141411,860.4262,0541,551100,857----
100 TVS Srichakra12 Aug 2014127742.7622.694,41712 Nov 20141271,538.0195,1312,032100,713----
101 Whirlpool of India12 Aug 2014574383.5329.5220,32012 Nov 2014574532.9305,550--85,230----
102 Bayer CropScience12 Nov 2014322,634.92,392.784,40012 Feb 2015323,443.5110,080--25,681----
103 Britannia Industries12 Nov 20141921,599.51,383.6307,40212 Feb 20151921,967.5377,382--69,981----
104 Dhanuka Agritech12 Nov 2014434537.0446.3233,29112 Feb 2015434510.5221,314--(11,977)----
105 Page Industries12 Nov 2014359,685.57,494.8339,33012 Feb 20153511,770.6411,55963072,229----
106 Ajanta Pharma12 Feb 20151942,516.8892.3488,74820 Mar 2015485940.0455,443--(33,305)----
107 Century Plyboards12 Feb 2015274196.5152.453,88113 May 2015274175.948,135--(5,746)----
108 CRISIL Limited12 Feb 2015932,098.81,880.3195,37913 May 2015932,095.9194,7191,302(660)----
109 HDFC Bank12 Feb 20152391,076.0932.7257,42113 May 2015239990.3236,433--(20,988)----
110 PI Industries12 Feb 2015250514.5456.0128,75413 May 2015250663.8165,784--37,030----
111 Blue Star13 May 20153051324.2306.3990,12312 Aug 20153051367.31,119,51215,255129,388----
112 Inox Wind13 May 2015221452.2415.5100,0258 Jun 2015221415.491,701--(8,325)----
113 Eclerx Services12 Aug 2015721,695.31,523.3122,18013 Nov 2015721,775.3127,690--5,510----
114 GlaxoSmithKline Consumer Healthcare12 Aug 20151516,325.35,998.7956,06824 Aug 20151515,965.4899,872--(56,196)----
115 Rajesh Exports12 Aug 201564579.7267.837,13513 May 201664573.136,639122(496)----
116 Torrent Pharmaceuticals12 Aug 2015821,522.01,346.6124,92513 Nov 2015821,547.2126,739--1,815----
117 Dhanuka Agritech13 Nov 2015136431.8393.858,78413 May 2016136630.185,6081,49626,824----
118 GlaxoSmithKline Consumer Healthcare13 Nov 20151565,985.05,819.6934,59416 Nov 20151565,816.3906,434--(28,160)----
119 Rajesh Exports13 Nov 2015226697.9476.7157,87213 May 2016226573.1129,380203(28,492)----
120 Ajanta Pharma13 May 20162631,536.21,366.7404,41212 Aug 20162631,904.6500,396--95,984----
121 Eclerx Services13 May 2016931,391.81,315.8129,56712 Aug 2016931,517.7141,0059311,438----
122 Gujarat Heavy Chemicals13 May 20161206145.2109.4175,22612 Aug 20161206235.1283,2474,221108,021----
123 Supreme Industries13 May 2016510862.2775.3440,13613 Feb 20175101,013.0516,1131,53075,977----
124 Avanti Feeds12 Aug 2016206598.7476.0123,445--206----1,854--1,857.3384,458
125 Crompton Greaves Consumer Electricals12 Aug 2016971173.1146.0168,20015 Nov 2016971146.0141,611--(26,589)----
126 Kaveri Seed Company12 Aug 2016895381.1316.2341,38113 Feb 2017895476.8426,265--84,884----
127 Sundram Fasteners12 Aug 2016281234.4188.365,93213 Feb 2017281336.994,57447828,642----
128 Supreme Industries12 Aug 2016252959.2879.0241,96026 Sep 2016252875.8220,481--(21,479)----
129 Avanti Feeds13 Feb 2017199574.0487.2114,340--199----1,791--1,857.3371,394
130 Britannia Industries13 Feb 2017323,271.72,865.3104,79915 May 2017323,741.6119,610--14,811----
131 CRISIL Limited13 Feb 2017392,078.11,944.581,12517 Mar 2017391,931.175,237--(5,888)----
132 Rajesh Exports13 Feb 20171918500.6427.0961,11115 May 20171918642.41,230,891--269,780----
133 Tata Elxsi13 Feb 2017921,494.51,376.6137,63215 May 2017921,558.9143,271--5,639----
134 15 May 20176051,076.9801.6652,146--605----5,445--1,857.31,129,112
135 15 May 2017280165.4147.246,3588 Jun 2017280146.941,094--------
136 15 May 2017697190.1162.5132,59714 Aug 2017697170.9118,9981,882------
137 15 May 2017139934.4789.8130,00510 Aug 2017139771.0107,059--------
138 15 May 2017728837.3705.8610,12814 Aug 2017728858.5624,327--------
139 14 Aug 2017121,898.51,544.522,805--12--------1,857.322,288
140 14 Aug 2017341902.5757.8308,043--341--------1,048.4357,504
141 14 Aug 2017973,957.13,768.2384,218--97--------4,049.0392,748
142 14 Aug 2017296,280.15,913.7182,305--29--------6,265.8181,708
Portfolio Totals87,7971,631,618 2,839,212

If you have any questions about the icTracker Backtesting, have a comment or otherwise want to provide feedback, please Contact Us.