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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 March 2007 onwards:


As seen above, the initial corpus of Rs.100,000 invested on 31 March 2007 has grown to Rs.2,048,907 as of 31 March 2017.

In other words, the icTracker has outperformed the Nifty 50 by 907% during this period.


Generated Portfolio Stats
CAGR Alpha Beta Std Deviation Sharpe Ratio Treynor Ratio Modigliani Ratio
35.22%26.95%0.876134632.50%87.78%32.56%33.01%

The detailed performance data for the above chart is shown below.
icTracker gen.Nifty 50
Qtr EndTrade DatePortfolio valueIndex ValuePortfolio value
31 Mar 200718 May 2007100,0004,214.50100,000
30 Jun 200717 Aug 2007116,1294,108.0597,474
30 Sep 200719 Nov 2007124,8565,907.65140,174
31 Dec 200718 Feb 2008113,3645,276.90125,208
31 Mar 200820 May 200891,8935,104.95121,128
30 Jun 200818 Aug 200885,7484,393.05104,237
30 Sep 200817 Nov 200874,9732,799.5566,427
31 Dec 200817 Feb 200974,9732,770.5065,737
31 Mar 200918 May 2009114,9064,323.15102,578
30 Jun 200917 Aug 2009148,1854,387.90104,114
30 Sep 200917 Nov 2009190,0215,062.25120,115
31 Dec 200917 Feb 2010197,4894,914.00116,598
31 Mar 201018 May 2010259,1975,066.20120,209
30 Jun 201017 Aug 2010277,3995,414.15128,465
30 Sep 201018 Nov 2010283,8865,998.80142,337
31 Dec 201017 Feb 2011271,5895,546.45131,604
31 Mar 201118 May 2011258,6635,420.60128,618
30 Jun 201117 Aug 2011291,7435,056.60119,981
30 Sep 201117 Nov 2011304,6284,934.75117,090
30 Dec 201116 Feb 2012271,2155,521.95131,023
30 Mar 201217 May 2012271,2154,870.20115,558
30 Jun 201217 Aug 2012271,2155,366.30127,330
30 Sep 201219 Nov 2012313,5705,571.40132,196
31 Dec 201218 Feb 2013310,9285,898.20139,950
31 Mar 201320 May 2013333,5676,156.90146,089
30 Jun 201319 Aug 2013308,4495,414.75128,479
30 Sep 201318 Nov 2013374,4376,189.00146,850
31 Dec 201317 Feb 2014434,0516,073.30144,105
31 Mar 201419 May 2014604,5227,263.55172,347
30 Jun 201418 Aug 2014767,4037,874.25186,837
30 Sep 201417 Nov 2014970,9668,430.75200,042
31 Dec 201418 Feb 20151,118,4058,869.10210,443
31 Mar 201518 May 20151,181,0818,373.65198,687
30 Jun 201517 Aug 20151,634,6078,477.30201,146
30 Sep 201517 Nov 20151,544,4837,837.55185,966
31 Dec 201517 Feb 20161,413,7217,108.45168,667
31 Mar 201618 May 20161,534,2477,870.15186,740
30 Jun 201617 Aug 20161,838,3428,624.05204,628
30 Sep 201617 Nov 20161,654,5648,079.95191,718
31 Dec 201617 Feb 20171,848,7698,821.70209,318
31 Mar 201718 May 20172,048,9079,525.75226,023
CAGR35.22%8.49%


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 City Union Bank18 May 200764193.3146.012,38017 Aug 200764213.613,6572561,276----
2 FAG Bearings18 May 200773624.3586.745,61617 Aug 200773645.447,067--1,451----
3 Kalpataru Power Transmission18 May 200781,231.81,099.79,86417 Aug 200781,472.411,767601,903----
4 Motherson Sumi Systems18 May 2007147112.3103.716,52517 Aug 2007147125.118,3642211,839----
5 Prism Cement18 May 200745734.931.515,96517 Aug 200745754.024,6314578,665----
6 Akzo Nobel India17 Aug 2007202535.6498.7108,29919 Nov 2007202527.5106,438--(1,861)----
7 Jaiprakash Power Ventures17 Aug 200717444.732.87,78619 Nov 2007174105.018,24313110,457----
8 City Union Bank19 Nov 2007145245.222.335,59023 Jan 2008145026.037,603--2,013----
9 Godrej Consumer Products19 Nov 2007131135.1111.317,71621 Jan 2008131110.914,509--(3,207)----
10 Shree Cement19 Nov 2007481,440.51,247.369,21121 Jan 2008481,228.658,913--(10,298)----
11 Castrol India18 Feb 2008316279.3227.388,33124 Mar 2008316227.371,753--(16,578)----
12 Coromandel International18 Feb 200844128.6110.25,66417 Mar 200844108.74,779--(885)----
13 Financial Technologies18 Feb 200892,196.01,781.519,78410 Mar 200891,754.615,775--(4,008)----
14 Blue Star20 May 200833459.7400.715,1849 Jun 200833400.013,186--(1,998)----
15 CRISIL Limited20 May 2008103,670.53,086.536,74113 Oct 2008103,073.730,706100(6,035)----
16 City Union Bank20 May 200825231.824.08,02230 Jun 200825223.96,012--(2,010)----
17 Manappuram Finance20 May 200891165.6146.215,08019 Jun 200891145.113,194--(1,886)----
18 Sun Pharma Advanced Research20 May 200819394.275.218,18918 Aug 200819391.217,574--(615)----
19 CRISIL Limited18 Aug 2008123,700.53,394.144,45015 Sep 2008123,382.540,549--(3,901)----
20 Infosys Limited18 Aug 200821,704.41,426.13,41229 Sep 200821,419.52,836--(576)----
21 Colgate Palmolive India17 Feb 200930440.5401.713,22717 Aug 200930602.118,0431804,817----
22 Hero Motocorp17 Feb 200956945.2821.652,98118 May 2009561,487.383,206--30,224----
23 Thermax Limited17 Feb 200953159.9126.38,48318 May 200953315.016,678--8,195----
24 Castrol India18 May 2009102343.7301.735,09217 Aug 2009102459.646,8271,02011,735----
25 Colgate Palmolive India18 May 200920485.4453.29,71717 Aug 200920602.112,029--2,312----
26 Nestle India18 May 2009321,740.01,476.855,73617 Feb 2010322,691.886,05086430,314----
27 KPIT Technologies17 Aug 200930857.346.717,65117 Nov 2009308104.432,123--14,472----
28 Nestle India17 Aug 2009272,202.01,807.759,51317 Feb 2010272,691.872,60572913,091----
29 Bayer CropScience17 Nov 200929437.2362.412,69117 Feb 201029573.716,619--3,928----
30 Hero Motocorp17 Nov 200921,686.41,535.33,37617 Feb 201021,698.43,393--17----
31 Nestle India17 Nov 200962,639.82,205.015,85517 Feb 201062,691.816,134--280----
32 TTK Prestige17 Nov 20094355.6216.31,42418 May 20104630.02,517--1,093----
33 Bajaj Auto17 Feb 2010201,839.21,699.036,82018 May 2010202,182.243,600--6,781----
34 HDFC Bank17 Feb 2010261,656.01,489.543,09818 May 2010261,895.849,242--6,144----
35 TTK Prestige17 Feb 2010243440.2386.7107,07618 May 2010243630.0152,925--45,849----
36 UCO Bank17 Feb 201014857.852.38,56318 May 201014872.710,741--2,178----
37 Nestle India18 May 2010672,930.12,704.1196,51317 Aug 2010672,741.1183,467--(13,046)----
38 Symphony Limited18 May 2010146405.0203.359,18217 Aug 2010146620.090,429--31,248----
39 Canara Bank17 Aug 201075517.9456.938,87818 Nov 201075780.358,460--19,583----
40 Castrol India17 Aug 2010373467.4418.7174,51518 Nov 2010373459.6171,241--(3,274)----
41 South Indian Bank17 Aug 2010299206.716.461,85023 Sep 2010299017.452,029--(9,822)----
42 FAG Bearings18 Nov 2010198904.5796.5179,2609 Feb 2011198792.0156,654--(22,606)----
43 Page Industries18 Nov 2010741,401.41,258.6103,80417 Feb 2011741,531.6113,2258889,421----
44 Bajaj Auto17 Feb 2011621,351.31,104.883,86118 May 2011621,287.479,739--(4,122)----
45 City Union Bank17 Feb 201125944.235.711,45918 May 201125941.810,815--(644)----
46 Engineers India17 Feb 2011574292.7244.3168,17818 May 2011574279.7160,359574(7,819)----
47 UCO Bank17 Feb 201172107.793.27,76218 May 20117295.26,848--(915)----
48 FAG Bearings18 May 20111091,095.1768.8119,48017 Aug 20111091,213.1132,096--12,616----
49 Kajaria Ceramics18 May 201182888.469.973,26817 Aug 2011828104.486,3571,65613,088----
50 Redington India18 May 201171084.974.860,33917 Aug 201171092.665,6807815,341----
51 Shriram Transport Finance Company18 May 20119666.3526.16,00217 Aug 20119618.95,56536(438)----
52 Eclerx Services17 Aug 201156790.7730.944,32322 Aug 201156728.940,778--(3,545)----
53 Gujarat Mineral Development Corporation17 Aug 2011696164.8146.9114,78117 Nov 2011696179.2124,5992,0889,818----
54 Godfrey Phillips India17 Aug 2011153,317.52,391.249,81217 Nov 2011153,002.044,985525(4,827)----
55 Hero Motocorp17 Aug 2011421,939.61,801.281,54317 Nov 2011422,118.888,8991,4707,356----
56 Amara Raja Batteries17 Nov 2011471223.5191.7105,35020 Dec 2011471191.790,185--(15,165)----
57 Torrent Pharmaceuticals17 Nov 2011346575.9525.3199,44319 Dec 2011346524.2181,196--(18,247)----
58 Amara Raja Batteries17 Aug 201225387.9152.29,70625 Sep 201250165.78,278--(1,428)----
59 Balmer Lawrie17 Aug 2012223600.6566.6134,05719 Nov 2012223689.1153,5056,24419,448----
60 Gujarat Mineral Development Corporation17 Aug 2012135197.3178.326,65519 Nov 2012135208.828,1604051,504----
61 Kaveri Seed Company17 Aug 201239815.1682.831,82119 Nov 2012391,288.750,207--18,386----
62 PI Industries17 Aug 2012131524.9476.568,82419 Nov 2012131507.166,357262(2,467)----
63 Bayer CropScience19 Nov 2012951,174.2993.9111,65618 Feb 2013951,114.7105,786--(5,870)----
64 Gitanjali Gems19 Nov 2012104430.0369.844,76518 Feb 2013104567.458,951--14,186----
65 Kajaria Ceramics19 Nov 2012235238.9181.256,18618 Feb 2013235201.147,200--(8,986)----
66 Mahindra and Mahindra19 Nov 2012108908.8784.198,24918 Feb 2013108892.496,277--(1,971)----
67 Ajanta Pharma18 Feb 201362582.1359.136,12320 May 201362939.658,197--22,074----
68 MindTree Limited18 Feb 2013194798.2686.7154,99620 May 2013194829.8160,8207765,824----
69 Shriram City Union Finance18 Feb 20131011,154.5919.6116,72120 May 20131011,097.0110,686--(6,035)----
70 Andhra Bank20 May 201390492.584.783,65820 Jun 201390484.576,349--(7,309)----
71 Bharat Heavy Electricals20 May 2013201202.3178.540,69313 Jun 2013201177.835,701--(4,992)----
72 City Union Bank20 May 2013207756.352.5116,94822 Jul 2013207752.4108,8062,077(8,142)----
73 Hero Motocorp20 May 2013131,701.71,496.522,14419 Aug 2013131,921.224,950--2,806----
74 MRF Limited20 May 2013515,001.411,618.375,08219 Aug 2013513,114.965,50915(9,573)----
75 Eclerx Services19 Aug 2013188780.7652.4146,90918 Nov 20131881,151.9216,331--69,422----
76 Hexaware Technologies19 Aug 20131298124.280.9161,30818 Nov 20131298121.8157,874--(3,434)----
77 Atul Limited18 Nov 201374387.4310.928,69617 Feb 201474407.930,154--1,458----
78 MindTree Limited18 Nov 20132131,408.11,099.6300,21517 Feb 20142131,648.1350,6941,06550,480----
79 PI Industries18 Nov 2013195206.9133.540,37617 Feb 2014195241.246,987--6,611----
80 Adani Ports and Special Economic Zone17 Feb 20141083151.2136.1163,91319 May 20141083231.7250,626--86,713----
81 Eclerx Services17 Feb 2014361,228.71,039.344,27719 May 2014361,181.542,490--(1,788)----
82 HCL Technologies17 Feb 2014641,502.41,194.696,25019 May 2014641,307.283,577256(12,673)----
83 Rural Electrification Corporation17 Feb 2014672191.9158.4129,08619 May 2014672330.5221,8405,20892,755----
84 Astra Microwave Products19 May 201455989.458.949,99718 Aug 2014559131.273,24061523,243----
85 Balmer Lawrie19 May 2014567384.2320.5218,05918 Aug 2014567549.4311,170--93,111----
86 Redington India19 May 2014172987.269.2150,92018 Aug 2014172999.0170,9141,55619,994----
87 Shriram City Union Finance19 May 2014531,372.4993.472,80718 Aug 2014531,558.182,4943189,687----
88 South Indian Bank19 May 2014423026.522.9112,20718 Aug 2014423029.2123,1813,38410,974----
89 Torrent Pharmaceuticals18 Aug 2014966754.8659.5729,86617 Nov 2014966967.3933,429--203,563----
90 Bayer CropScience17 Nov 2014392,822.42,380.4110,18418 Feb 2015393,520.6137,164--26,980----
91 HCL Technologies17 Nov 20141911,619.71,455.1309,66318 Feb 20151912,033.2387,9431,52878,281----
92 Indraprastha Gas17 Nov 2014667435.0391.4290,40218 Feb 2015667426.6284,258--(6,144)----
93 KRBL Limited17 Nov 2014153399.883.9153,14618 May 20151533168.9258,588--105,442----
94 Rural Electrification Corporation17 Nov 2014322335.4270.2108,10718 Feb 2015322315.6101,5062,576(6,601)----
95 Bajaj Finance18 Feb 2015194,319.03,270.682,14318 May 2015194,460.684,666--2,523----
96 DB Corp18 Feb 20151249398.9363.2498,66211 Mar 20151249363.1453,008--(45,654)----
97 KRBL Limited18 Feb 2015595133.195.079,24418 May 2015595168.9100,365--21,121----
98 Rajesh Exports18 Feb 2015724175.4140.2127,11717 Aug 2015724573.0414,401--287,284----
99 Ratnamani Metals n Tubes18 Feb 2015178724.3619.7129,05418 May 2015178657.6116,927--(12,127)----
100 Idea Cellular18 May 20151373176.9147.3243,05817 Aug 20151373162.7223,095--(19,963)----
101 Rajesh Exports18 May 2015718233.9183.3168,07217 Aug 2015718573.0410,967--242,895----
102 Redington India18 May 2015483122.2108.359,05710 Jun 2015483108.252,184--(6,873)----
103 VST Industries18 May 20153231,675.51,502.5541,71217 Aug 20153231,585.1511,47522,610(30,236)----
104 Ceat Limited17 Aug 20151001,069.2760.4107,02717 Nov 20151001,056.0105,494--(1,533)----
105 Eclerx Services17 Aug 20151401,697.21,133.4237,84617 Dec 20151861,192.1221,507--(16,339)----
106 Supreme Industries17 Aug 20151335657.8593.1879,04125 Aug 20151335590.8787,888--(91,154)----
107 Torrent Pharmaceuticals17 Aug 20152561,599.21,345.8409,79217 Nov 20152561,529.1391,045--(18,746)----
108 Eclerx Services17 Nov 20151741,851.11,216.9322,41417 Dec 20152311,258.9290,510--(31,903)----
109 MRF Limited17 Nov 20151839,530.136,224.2712,25318 Jan 20161836,218.0651,272--(60,981)----
110 SJVN Limited17 Nov 2015824329.324.1241,76117 Feb 2016824328.7236,3385,193(5,424)----
111 Tata Motors17 Feb 2016353310.2241.3109,59218 May 2016353384.9135,716--26,124----
112 Tata Motors DVR17 Feb 20161504239.2196.0360,04118 May 20161504268.7403,646--43,604----
113 Torrent Pharmaceuticals17 Feb 20167131,322.91,183.6944,17118 May 20167131,381.9984,27410,69540,103----
114 Bharat Electronics18 May 20167851,149.91,037.2903,53517 Aug 20167851,240.5972,779--69,245----
115 Eclerx Services18 May 20161401,422.61,305.1199,35617 Aug 20161401,555.1217,48914018,133----
116 JM Financial18 May 2016956745.139.8431,42417 Aug 2016956767.0639,8708,132208,446----
117 Gujarat Heavy Chemicals17 Aug 2016527259.0196.5136,60317 Feb 2017527263.8138,8847912,280----
118 Kaveri Seed Company17 Aug 20162221375.0303.3833,59717 Feb 20172221459.41,019,307--185,710----
119 Rural Electrification Corporation17 Aug 20163722233.182.2868,28028 Sep 2016744490.2670,94318,982(197,337)----
120 17 Feb 20171794362.9302.4651,694--1794--------402.4721,906
121 17 Feb 20175246103.576.1543,241--5246--------86.7454,566
122 17 Feb 20171092144.2115.4157,624--1092----7,644--210.8237,783
123 17 Feb 20174562108.793.9496,157--4562--------122.6559,073
Portfolio Totals112,5081,643,904 1,973,328

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