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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 December 2006 onwards:


As seen above, the initial corpus of Rs.100,000 invested on 31 December 2006 has grown to Rs.1,820,703 as of 31 December 2016.

In other words, the icTracker has outperformed the Nifty 50 by 864% during this period.


Generated Portfolio Stats
CAGR Alpha Beta Std Deviation Sharpe Ratio Treynor Ratio Modigliani Ratio
33.64%26.57%0.469777731.84%85.27%57.79%30.98%

The detailed performance data for the above chart is shown below.
icTracker gen.Nifty 50
Qtr EndTrade DatePortfolio valueIndex ValuePortfolio value
31 Dec 200619 Feb 2007100,0004,164.55100,000
31 Mar 200717 May 200796,5454,219.55101,321
30 Jun 200716 Aug 2007115,4204,178.60100,337
30 Sep 200716 Nov 2007153,1985,906.85141,837
31 Dec 200718 Feb 2008134,5395,276.90126,710
31 Mar 200820 May 2008110,8315,104.95122,581
30 Jun 200818 Aug 2008100,8614,393.05105,487
30 Sep 200817 Nov 200888,9312,799.5567,223
31 Dec 200816 Feb 200989,8402,848.5068,399
31 Mar 200918 May 2009128,0964,323.15103,808
30 Jun 200917 Aug 2009163,2574,387.90105,363
30 Sep 200916 Nov 2009223,8675,058.05121,455
31 Dec 200916 Feb 2010252,8164,855.75116,597
31 Mar 201017 May 2010303,1755,059.90121,499
30 Jun 201016 Aug 2010323,6405,418.30130,105
30 Sep 201016 Nov 2010370,8335,988.70143,802
31 Dec 201016 Feb 2011341,8885,481.70131,628
31 Mar 201117 May 2011333,2605,438.95130,601
30 Jun 201116 Aug 2011381,3385,035.80120,921
30 Sep 201116 Nov 2011399,6815,030.45120,792
30 Dec 201115 Feb 2012397,4515,531.95132,834
30 Mar 201216 May 2012456,8334,858.25116,657
30 Jun 201216 Aug 2012474,2045,362.95128,776
30 Sep 201216 Nov 2012605,5405,574.05133,845
31 Dec 201218 Feb 2013635,3405,898.20141,629
31 Mar 201317 May 2013629,5126,187.30148,571
30 Jun 201316 Aug 2013582,0235,507.85132,256
30 Sep 201318 Nov 2013654,9126,189.00148,612
31 Dec 201317 Feb 2014702,3826,073.30145,833
31 Mar 201419 May 2014899,8137,263.55174,414
30 Jun 201418 Aug 20141,134,3457,874.25189,078
30 Sep 201417 Nov 20141,289,0758,430.75202,441
31 Dec 201416 Feb 20151,354,2788,809.35211,532
31 Mar 201518 May 20151,476,1108,373.65201,070
30 Jun 201517 Aug 20152,159,0228,477.30203,559
30 Sep 201516 Nov 20152,024,5227,806.60187,454
31 Dec 201516 Feb 20161,908,1787,048.25169,244
31 Mar 201617 May 20161,930,5147,890.75189,474
30 Jun 201616 Aug 20162,089,4458,642.55207,527
30 Sep 201616 Nov 20161,736,9448,111.60194,777
31 Dec 201616 Feb 20171,820,7038,778.00210,779
CAGR33.64%7.73%


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 Bajaj Electricals19 Feb 200717504.8405.98,5895 Mar 200717405.96,894--(1,696)----
2 Godrej Consumer Products19 Feb 2007429153.3144.565,8315 Mar 2007429143.161,308--(4,523)----
3 Hindustan Zinc19 Feb 200712676.2485.78,12217 May 200712674.78,088--(34)----
4 Phoenix Mills Ltd19 Feb 200781,503.81,103.912,04217 May 200781,892.715,126--3,084----
5 PTC India19 Feb 20078960.846.85,41217 May 20078957.75,126--(286)----
6 Ambuja Cements17 May 2007217123.4104.026,80516 Nov 2007217147.231,9005435,095----
7 Bank of India17 May 200731208.1151.46,45816 Nov 200731371.111,493475,035----
8 City Union Bank17 May 2007169190.114.632,15123 Jan 2008169019.833,4326761,282----
9 IFCI17 May 200716149.226.77,92916 Nov 200716190.314,524--6,595----
10 Voltas17 May 200724594.980.923,26116 Nov 2007245216.352,94124529,679----
11 City Union Bank16 Nov 2007128242.022.231,00123 Jan 2008128025.933,149--2,148----
12 Godrej Consumer Products16 Nov 2007380133.2111.250,66721 Jan 2008380110.842,050--(8,617)----
13 Shree Cement16 Nov 2007181,402.81,208.625,27621 Jan 2008181,197.621,535--(3,740)----
14 Vijaya Bank16 Nov 20077573.661.65,52622 Jan 20087560.54,533--(993)----
15 Castrol India18 Feb 2008245279.3227.368,48524 Mar 2008245227.355,631--(12,853)----
16 Coromandel International18 Feb 2008206128.6110.226,51817 Mar 2008206108.722,376--(4,142)----
17 EID Parrry India18 Feb 200827179.9149.74,86120 May 200827216.65,841--980----
18 Financial Technologies18 Feb 2008122,196.01,781.526,37810 Mar 2008121,754.621,034--(5,345)----
19 Jindal Saw18 Feb 200811825.0568.79,08420 May 200811606.76,66769(2,417)----
20 Blue Star20 May 200879459.7400.736,3499 Jun 200879400.031,566--(4,783)----
21 CRISIL20 May 200863,670.53,086.522,04513 Oct 200863,073.718,42460(3,621)----
22 City Union Bank20 May 200827831.824.08,84930 Jun 200827823.96,632--(2,217)----
23 Sun Pharma Advanced Research20 May 200835794.275.233,64518 Aug 200835791.232,508--(1,137)----
24 Castrol India18 Aug 200850316.7241.115,84816 Feb 200950319.515,957--108----
25 CRISIL18 Aug 200863,700.53,394.122,22515 Sep 200863,382.520,275--(1,950)----
26 Infosys18 Aug 200881,704.41,426.113,64829 Sep 200881,419.511,345--(2,304)----
27 Page Industries18 Aug 200824443.4406.710,6523 Oct 200824405.69,724--(928)----
28 Sun Pharmaceuticals18 Aug 2008101,465.21,256.614,66727 Oct 2008101,240.612,394105(2,273)----
29 Colgate Palmolive India16 Feb 200957434.7400.824,80017 Aug 200957602.134,2833429,483----
30 Hero Motocorp16 Feb 200965934.5818.260,80318 May 2009651,487.396,578--35,775----
31 Sun TV Network16 Feb 200923175.3145.64,03612 Mar 200923144.13,310--(726)----
32 Castrol India18 May 200963343.7301.721,67517 Aug 200963459.628,9236307,248----
33 Colgate Palmolive India18 May 200997485.4453.247,12617 Aug 200997602.158,340--11,214----
34 Nestle India18 May 2009131,740.01,476.822,64316 Nov 2009132,620.034,02635111,383----
35 KPIT Technologies17 Aug 200985157.346.748,76816 Nov 2009851101.786,460--37,692----
36 Nestle India17 Aug 2009392,202.01,807.785,96416 Nov 2009392,620.0102,0781,05316,114----
37 Coromandel International16 Nov 2009295222.2186.365,60016 Feb 2010295260.976,8741,77011,274----
38 Hero Motocorp16 Nov 2009291,647.11,473.247,81416 Feb 2010291,695.449,117--1,304----
39 Page Industries16 Nov 2009109723.7640.978,95716 Feb 2010109797.786,8576547,900----
40 TTK Prestige16 Nov 200961340.6214.020,79417 May 201061595.336,277--15,483----
41 UCO Bank16 Nov 200920455.740.011,37416 Feb 201020457.011,616--242----
42 Bajaj Auto16 Feb 2010241,797.51,650.743,18317 May 2010242,167.051,955--8,772----
43 MphasiS16 Feb 201022739.4678.516,28225 Feb 201022677.714,895--(1,387)----
44 Shree Renuka Sugars16 Feb 2010142184.772.726,24715 Mar 201028473.420,833--(5,414)----
45 Torrent Pharmaceuticals16 Feb 2010114462.8385.352,81217 May 2010114523.059,562--6,750----
46 TTK Prestige16 Feb 2010202436.1385.988,17017 May 2010202595.3120,130--31,960----
47 Apollo Tyres17 May 201015569.859.510,82216 Aug 201015563.19,763116(1,059)----
48 Castrol India17 May 2010221380.540.584,16416 Aug 2010221463.5102,3311,54718,168----
49 CRISIL17 May 2010205,517.54,782.8110,45916 Aug 2010205,439.5108,681500(1,778)----
50 Nestle India17 May 2010312,858.92,699.588,71516 Aug 2010312,772.785,868--(2,847)----
51 Symphony17 May 201027400.2195.910,81616 Aug 201027616.716,634--5,818----
52 Canara Bank16 Aug 2010130504.6428.665,65716 Nov 2010130775.8100,753--35,096----
53 Eclerx Services16 Aug 201018544.6366.69,81316 Nov 201018675.712,1501802,338----
54 Indraprastha Gas16 Aug 2010119315.3248.637,55816 Nov 2010119313.837,305536(253)----
55 ITC16 Aug 2010716158.341.2113,42016 Nov 2010716170.0121,563--8,142----
56 Jindal Steel and Power16 Aug 2010146663.7610.996,99716 Nov 2010146671.797,970183973----
57 Cadila Healthcare16 Nov 2010194795.8675.1154,53016 Feb 2011194785.8152,283--(2,247)----
58 Exide Industries16 Nov 20101288167.5149.4215,95618 Jan 20111288147.1189,258--(26,698)----
59 Bajaj Auto16 Feb 20111581,332.11,076.7210,68216 Aug 20111581,456.4229,8736,32019,191----
60 City Union Bank16 Feb 201130643.635.013,34017 May 201130642.112,854--(485)----
61 TTK Prestige16 Feb 201181,683.91,357.113,48417 May 201182,309.218,455--4,970----
62 UCO Bank16 Feb 2011988104.788.5103,49817 May 201198895.394,062--(9,435)----
63 Bajaj Auto17 May 2011251,310.21,178.932,78716 Aug 2011251,456.436,3721,0003,586----
64 Balkrishna Industries17 May 2011237146.6128.334,76716 Aug 2011237162.738,5213323,754----
65 Gujarat Mineral Development Corporation17 May 2011422139.7121.658,99116 Nov 2011422176.674,4511,26615,459----
66 Balmer Lawrie16 Aug 201169666.5581.046,03419 Oct 201169580.840,0381,794(5,996)----
67 FAG Bearings16 Aug 2011291,226.61,043.735,60616 Nov 2011291,247.336,136--530----
68 Gujarat Mineral Development Corporation16 Aug 2011350164.0146.457,45716 Nov 2011350176.661,7481,0504,291----
69 Hero Motocorp16 Aug 2011481,890.31,743.990,82516 Nov 2011482,103.8100,8791,68010,054----
70 Indraprastha Gas16 Aug 2011194420.4360.781,62916 Nov 2011194413.180,061--(1,568)----
71 MindTree16 Nov 2011393396.9337.6156,13816 Aug 2012393649.7255,05759098,919----
72 Prime Focus Ltd16 Nov 201188759.251.452,56323 Nov 201188750.744,946--(7,617)----
73 Torrent Pharmaceuticals16 Nov 2011332575.3525.0191,17419 Dec 2011332524.0173,806--(17,368)----
74 Amara Raja Batteries16 Aug 201254381.6151.420,62425 Sep 2012108165.117,810--(2,814)----
75 Eclerx Services16 Aug 201226799.0652.720,7959 Nov 201226652.216,941--(3,854)----
76 Kaveri Seed Company16 Aug 2012275812.0677.5223,51016 Nov 20122751,274.4350,096--126,586----
77 Supreme Industries16 Aug 2012567277.6229.6157,55716 Nov 2012567291.1164,8892,5527,332----
78 UCO Bank16 Aug 201274569.459.351,75516 Nov 201274571.653,289--1,534----
79 Bayer CropScience16 Nov 20121411,171.2991.5165,30418 Feb 20131411,114.7157,009--(8,296)----
80 Gitanjali Gems16 Nov 2012396423.4341.4167,81418 Feb 2013396567.4224,466--56,651----
81 Indraprastha Gas16 Nov 2012512261.9238.7134,22718 Feb 2013512259.3132,629--(1,598)----
82 Cyient Ltd16 Nov 2012214199.0185.442,61821 Dec 2012214184.739,478428(3,139)----
83 Kajaria Ceramics16 Nov 2012402236.1180.294,98718 Feb 2013402201.180,741--(14,246)----
84 MindTree18 Feb 2013445798.2686.7355,53217 May 2013445828.9368,4691,78012,937----
85 PC Jeweller18 Feb 2013174139.9108.224,35820 Mar 2013174108.218,804--(5,554)----
86 Shriram City Union Finance18 Feb 20132101,154.5919.6242,68817 May 20132101,085.4227,696--(14,992)----
87 Balmer Lawrie17 May 2013295696.9338.2205,77623 May 2013516348.2179,510--(26,267)----
88 Bharat Heavy Electricals17 May 2013312201.9178.563,05613 Jun 2013312177.855,420--(7,636)----
89 Hindustan Zinc17 May 2013353122.0112.943,09110 Jun 2013353112.839,781--(3,311)----
90 Supreme Industries17 May 2013497356.0317.4177,08416 Aug 2013497338.2167,893--(9,192)----
91 Torrent Pharmaceuticals17 May 2013189741.9340.2140,35023 Jul 2013378360.3136,0543,213(4,296)----
92 AIA Engineering16 Aug 2013582332.4284.4193,62118 Nov 2013582416.2241,986--48,365----
93 Hero Motocorp16 Aug 20131951,985.41,702.7387,53018 Nov 20131952,055.2400,35411,70012,823----
94 MindTree18 Nov 20132101,408.11,099.6295,98617 Feb 20142101,648.1345,7551,05049,769----
95 PI Industries18 Nov 201381206.9133.516,77217 Feb 201481241.219,518--2,746----
96 Yes Bank18 Nov 2013119362.8253.143,21617 Feb 2014119305.236,277--(6,940)----
97 Adani Ports and Special Economic Zone17 Feb 20141517151.2136.1229,60019 May 20141517231.7351,062--121,462----
98 Eclerx Services17 Feb 2014801,228.71,039.398,39419 May 2014801,181.594,421--(3,973)----
99 HCL Technologies17 Feb 20141531,502.41,194.6230,09719 May 20141531,307.2199,802612(30,295)----
100 Rural Electrification Corporation17 Feb 2014752191.9158.4144,45319 May 2014752330.5248,2505,828103,797----
101 Balmer Lawrie19 May 2014643384.2320.5247,28818 Aug 2014643549.4352,879--105,591----
102 Redington India19 May 2014220187.269.2192,11918 Aug 2014220199.0217,5711,98125,452----
103 Shriram City Union Finance19 May 20141511,372.4993.4207,43218 Aug 20141511,558.1235,03090627,598----
104 South Indian Bank19 May 2014395126.522.9104,80617 Nov 2014395127.3107,5573,1612,751----
105 Indraprastha Gas18 Aug 2014631367.5324.2232,12416 Feb 2015631426.7268,9473,47136,823----
106 South Indian Bank18 Aug 2014593729.224.8173,2377 Oct 2014593724.8146,894--(26,342)----
107 Tata Motors18 Aug 2014282503.8449.3142,21417 Nov 2014282545.3153,607--11,393----
108 Torrent Pharmaceuticals18 Aug 2014624754.8659.5471,46617 Nov 2014624967.3602,960--131,494----
109 Bayer CropScience17 Nov 2014432,822.42,380.4121,48516 Feb 2015433,483.4149,636--28,152----
110 HCL Technologies17 Nov 2014741,619.71,455.1119,97416 Feb 2015741,984.9146,73259226,758----
111 Indraprastha Gas17 Nov 2014550435.0391.4239,46216 Feb 2015550426.7234,423--(5,039)----
112 LIC Housing Finance17 Nov 2014443421.4329.9186,84516 Feb 2015443462.7204,749--17,904----
113 Rural Electrification Corporation17 Nov 20141029335.4270.2345,47216 Feb 20151029338.4347,814--2,342----
114 Bajaj Finance16 Feb 20152574,306.33,250.81,107,81318 May 20152574,460.61,145,215--37,402----
115 Rajesh Exports16 Feb 20151416174.1140.2246,70117 Aug 20151416573.0810,486--563,785----
116 Rajesh Exports18 May 2015817233.9183.3191,24717 Aug 2015817573.0467,632--276,386----
117 Redington India18 May 20152241122.2108.3274,01210 Jun 20152241108.2242,123--(31,889)----
118 Welspun India18 May 201562540.5394.633,54117 Aug 201562804.749,84246516,300----
119 Ceat17 Aug 20151011,069.2760.4108,09716 Nov 2015101983.599,234--(8,863)----
120 Eclerx Services17 Aug 20151191,697.21,133.4202,16917 Dec 20151581,192.1188,162--(14,007)----
121 Supreme Industries17 Aug 2015982657.8593.1646,60625 Aug 2015982590.8579,555--(67,051)----
122 Torrent Pharmaceuticals17 Aug 20155431,599.21,345.8869,20716 Nov 20155431,530.1829,986--(39,220)----
123 Eclerx Services16 Nov 20155891,821.51,215.11,073,93617 Dec 20157851,257.5986,137--(87,799)----
124 SJVN16 Nov 20152620528.024.1734,47417 May 20162620527.7723,84433,018(10,630)----
125 Eclerx Services17 May 20163831,390.51,264.2533,09416 Aug 20163831,606.7614,73238381,638----
126 Gujarat Heavy Chemicals17 May 2016893152.7121.9136,45316 Feb 2017893268.1239,1744,465102,721----
127 Housing Development Financial Corporation17 May 20163521,217.91,117.7429,11216 Aug 20163521,358.6477,7314,92848,620----
128 Redington India17 May 20161653110.7100.2183,17022 Jul 20161653100.1165,2413,471(17,929)----
129 Gujarat Heavy Chemicals16 Aug 2016990246.2169.0243,93216 Feb 2017990268.1265,1541,48521,221----
130 Rural Electrification Corporation16 Aug 20167117228.281.71,625,72428 Sep 20161423489.81,277,27736,297(348,446)----
131 16 Feb 20171602,056.11,813.5329,305--160--------2,032.2325,144
132 16 Feb 20177677188.0168.41,444,719--7677--------188.51,446,731
133 16 Feb 2017455100.975.645,933--455--------103.547,070
Portfolio Totals145,4251,653,867 1,818,945

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