How has the icTracker performed against the Nifty Midcap 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 Midcap 50. Here is how this virtual portfolio has performed from March 2014 onwards:

As seen above, the initial corpus of Rs.100,000 invested on 31 March 2014 has grown to Rs.3,473,825 as of 31 March 2024.

In other words, the icTracker has outperformed the Nifty Midcap 50 by 665% during this period.

Generated Portfolio Stats
CAGR Alpha Beta Std Deviation Sharpe Ratio Treynor Ratio Modigliani Ratio
42.55%29.56%0.54156652.79%67.14%65.45%22.07%

The detailed performance data for the above chart is shown below.

icTracker gen.Nifty Midcap 50
Qtr EndTrade DatePortfolio valueIndex ValuePortfolio value
31 Mar 201415 May 2014100,0002,730.15100,000
30 Jun 201414 Aug 2014130,2483,103.05113,659
30 Sep 201414 Nov 2014134,7663,384.30123,960
31 Dec 201416 Feb 2015164,4683,409.70124,891
31 Mar 201515 May 2015158,2873,300.65120,896
30 Jun 201514 Aug 2015172,2273,418.20125,202
30 Sep 201516 Nov 2015156,5733,255.05119,226
31 Dec 201515 Feb 2016151,9942,846.10104,247
31 Mar 201616 May 2016169,6103,330.10121,975
30 Jun 201616 Aug 2016187,2803,690.65135,181
30 Sep 201615 Nov 2016184,8813,643.40133,451
31 Dec 201614 Feb 2017207,4664,079.45149,422
31 Mar 201715 May 2017270,1114,710.40172,533
30 Jun 201714 Aug 2017392,0424,628.00169,515
30 Sep 201714 Nov 2017531,2285,080.50186,089
31 Dec 201714 Feb 2018560,4945,254.75192,471
31 Mar 201815 May 2018521,1315,111.75187,233
30 Jun 201814 Aug 2018511,7855,095.00186,620
30 Sep 201814 Nov 2018491,8144,801.65175,875
31 Dec 201814 Feb 2019459,5534,507.00165,083
31 Mar 201915 May 2019427,6004,585.00167,940
30 Jun 201914 Aug 2019426,3804,271.75156,466
30 Sep 201914 Nov 2019498,7614,572.25167,473
31 Dec 201914 Feb 2020650,6044,887.55179,021
31 Mar 202015 May 2020567,0003,618.50132,539
30 Jun 202014 Aug 2020744,7994,537.80166,211
30 Sep 202014 Nov 20201,076,8065,124.60187,704
31 Dec 202015 Feb 20211,131,4926,859.65251,255
31 Mar 202117 May 20211,311,6006,911.70253,162
30 Jun 202116 Aug 20213,196,8127,485.65274,185
30 Sep 202115 Nov 20213,005,2668,965.00328,370
31 Dec 202114 Feb 20222,787,8667,880.25288,638
31 Mar 202216 May 20222,643,8407,468.95273,573
30 Jun 202216 Aug 20222,650,3958,456.15309,732
30 Sep 202214 Nov 20222,722,4818,678.55317,878
31 Dec 202214 Feb 20232,512,4308,627.35316,003
31 Mar 202315 May 20232,737,4259,239.25338,416
30 Jun 202314 Aug 20233,067,09510,827.45396,588
30 Sep 202315 Nov 20233,473,43811,774.95431,293
31 Dec 202314 Feb 20243,810,90213,776.35504,601
31 Mar 202415 May 20243,473,82514,262.55522,409
CAGR42.55%17.96%

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 Alkyl Amines Chemicals15 May 201439359.3275.314,02514 Aug 201439624.024,31231210,287----
2 Astra Microwave Products15 May 201413383.458.711,10314 Aug 2014133131.617,4791466,375----
3 Hero Motocorp15 May 2014152,440.82,172.536,64914 Aug 2014152,510.637,6211,425972----
4 Kajaria Ceramics15 May 201468495.1318.133,70014 Aug 201468601.540,8612387,161----
5 Kitex Garments15 May 201427163.2109.04,41114 Aug 201427287.17,743--3,332----
6 Wonderla Holidays14 Aug 2014451287.1219.6129,58914 Nov 2014451296.2133,4306773,841----
7 Bharat Rasayan14 Nov 20143890.2691.12,67316 Feb 201531,144.33,429--756----
8 Britannia Industries14 Nov 2014351,624.31,398.556,90716 Feb 2015352,034.271,126--14,218----
9 Centum Electronics14 Nov 201410567.1415.05,67716 Feb 201510827.78,269102,592----
10 IndusInd Bank14 Nov 201478730.6606.857,04016 Feb 201578862.967,239--10,199----
11 Ratnamani Metals n Tubes14 Nov 201420603.7468.412,08616 Feb 201520701.414,013--1,927----
12 Ajanta Pharma16 Feb 201522,782.8986.45,57120 Mar 201551,015.35,071--(500)----
13 Gujarat Themis Biosyn16 Feb 201534731.623.410,97615 May 201534747.016,293--5,317----
14 HDFC Bank16 Feb 20151241,067.6936.8132,50915 May 2015124990.1122,650--(9,859)----
15 TVS Srichakra16 Feb 201541,757.41,603.37,03726 Feb 201541,596.86,381--(656)----
16 V-Mart Retail16 Feb 201515547.4517.78,21907 May 201515516.27,736--(484)----
17 AIA Engineering15 May 2015171,182.51,054.020,12322 May 2015171,051.317,855--(2,268)----
18 Bajaj Consumer Care15 May 201579451.2418.235,68012 Jun 201579418.032,988--(2,693)----
19 Divis Laboratories15 May 2015411,795.01,669.373,66914 Aug 2015412,183.089,41182015,743----
20 Redington India15 May 2015168118.6106.419,93612 Jun 2015168106.117,804--(2,132)----
21 TVS Srichakra15 May 201541,782.01,295.77,13516 Nov 201542,699.310,7861353,651----
22 Hero Motocorp14 Aug 2015152,712.52,525.940,72724 Aug 2015152,515.337,691--(3,036)----
23 IndusInd Bank14 Aug 201556959.0842.353,75801 Sep 201556840.147,001--(6,757)----
24 Shilchar Technologies14 Aug 201528170.2116.24,77016 Nov 201528169.84,750--(21)----
25 Supreme Industries14 Aug 201585645.7592.654,93925 Aug 201585590.450,132--(4,808)----
26 TVS Srichakra14 Aug 201522,901.41,957.85,80916 Nov 201522,699.35,39368(416)----
27 Eclerx Services16 Nov 2015151,821.51,232.527,35017 Dec 2015191,271.324,131--(3,218)----
28 Indo Count Industries16 Nov 201513946.8851.312,32115 Feb 201613981.912,752--431----
29 NESCO Limited16 Nov 2015321,615.61,370.751,75115 Feb 2016321,548.849,512--(2,239)----
30 SJVN Limited16 Nov 2015230528.024.564,60515 Feb 2016230528.365,051--447----
31 Dabur India15 Feb 2016304248.9220.375,74116 May 2016304285.086,538--10,797----
32 TV Today Network15 Feb 2016247306.6262.575,80616 May 2016247334.982,625--6,819----
33 Accelya Solutions India16 May 2016241,124.4930.727,01316 Aug 2016241,239.929,727--2,714----
34 Ajanta Pharma16 May 2016171,592.61,373.127,10016 Aug 2016171,955.133,203--6,102----
35 Hawkins Cookers16 May 2016112,616.02,471.628,80516 Aug 2016112,857.231,3976602,592----
36 HDFC Bank16 May 2016681,162.81,025.179,14916 Aug 2016681,227.383,3736464,223----
37 Supreme Industries16 May 20168865.2779.26,92916 Aug 20168958.67,661--732----
38 Bharat Rasayan16 Aug 2016281,477.31,173.641,40415 Nov 2016281,753.849,056347,652----
39 DB Corp16 Aug 2016228409.0373.993,34511 Nov 2016228373.385,025--(8,321)----
40 Gujarat Heavy Chemicals16 Aug 2016149246.2172.936,71315 Nov 2016149217.932,435--(4,278)----
41 Rajratan Global Wire16 Aug 201614448.5260.76,28515 Nov 201614631.98,838--2,552----
42 Sudarshan Chemical Industries16 Aug 201629330.2174.99,58515 Nov 201629329.69,547--(38)----
43 Alkem Laboratories15 Nov 2016531,648.71,519.687,46614 Feb 2017531,874.399,23631811,770----
44 Garware Technical Fibres15 Nov 2016175553.3506.296,92414 Feb 2017175614.5107,421--10,497----
45 AIA Engineering14 Feb 2017301,413.61,274.842,45015 May 2017301,509.645,2411202,791----
46 Avanti Feeds14 Feb 201767575.7489.038,60714 Nov 2017672,702.6180,890603142,283----
47 Indraprastha Gas14 Feb 2017711,023.6877.572,74815 May 2017711,000.370,947--(1,802)----
48 NATCO Pharma14 Feb 201722776.0640.517,08915 May 201722934.420,5351323,446----
49 V-Mart Retail14 Feb 201759625.9499.136,96515 May 2017591,041.461,381--24,416----
50 Avanti Feeds15 May 2017561,076.9801.660,36414 Nov 2017562,702.6151,19250490,828----
51 Centrum Capital15 May 201773949.334.036,43214 Aug 201773959.343,779--7,347----
52 City Union Bank15 May 2017329181.8138.359,87214 Aug 2017361156.156,296108(3,576)----
53 Sharda Motor Industries15 May 2017221,887.11,463.141,55814 Aug 2017222,616.357,500--15,942----
54 Avanti Feeds14 Aug 201731,898.51,544.55,70114 Nov 201732,702.68,100--2,398----
55 DCM Shriram14 Aug 2017127384.5346.848,87414 Nov 2017127578.973,440--24,566----
56 SpiceJet14 Aug 201798122.5108.412,01714 Nov 201798142.113,912--1,895----
57 TTK Prestige14 Aug 2017136,280.15,913.781,72314 Nov 2017136,649.686,358--4,635----
58 VIP Industries14 Aug 201759195.5180.211,54314 Nov 201759316.818,670--7,126----
59 Dhanuka Agritech14 Nov 2017110659.4627.572,60714 Feb 2018110675.374,203--1,597----
60 Gulf Oil Lubricants India14 Nov 201728982.7797.927,54215 May 201828895.625,052112(2,490)----
61 Hawkins Cookers14 Nov 20171122,802.52,706.0314,19414 Feb 20181122,891.6323,530--9,336----
62 TVS Srichakra14 Nov 2017343,155.62,971.1107,39814 Feb 2018343,644.9123,803--16,405----
63 CRISIL Limited14 Feb 20182182,005.01,831.4437,51603 May 20182181,827.9398,0793,488(39,438)----
64 Gulf Oil Lubricants India14 Feb 2018331,052.5912.834,76723 Mar 201833910.930,028132(4,739)----
65 VST Tillers14 Feb 2018192,668.22,284.350,74615 May 2018192,963.356,245--5,500----
66 Dilip Buildcon15 May 2018341,204.3998.540,98730 May 201834982.533,370--(7,617)----
67 Suven Life Sciences15 May 2018421190.0171.980,04914 Aug 2018421236.899,572--19,523----
68 UPL Limited15 May 2018457733.3693.6335,45321 May 2018457691.4315,642--(19,811)----
69 UNO Minda Limited15 May 2018541,082.4334.158,50811 Jul 2018162351.056,808259(1,700)----
70 Graphite India14 Aug 2018491,100.6833.553,98127 Sep 201849828.240,543--(13,437)----
71 Kama Holdings14 Aug 2018224,381.13,877.196,48114 Nov 2018225,338.4117,32733020,847----
72 Kaveri Seed Company14 Aug 201899622.0541.961,63503 Oct 201899536.053,015--(8,620)----
73 Oracle Financial Services Software14 Aug 2018734,017.93,764.9293,60022 Oct 2018733,764.2274,510--(19,090)----
74 Automotive Axles14 Nov 2018201,251.5995.025,05414 Feb 2019201,144.922,874--(2,180)----
75 IndusInd Bank14 Nov 20181201,513.61,195.1181,80814 Feb 20191201,517.5181,918--110----
76 Kewal Kiran Clothing14 Nov 20182071,325.01,183.2274,54922 Jan 20192071,181.7244,358--(30,191)----
77 Accelya Solutions India14 Feb 2019352935.4903.7329,59015 May 2019352903.5317,715--(11,875)----
78 Hindustan Construction Company14 Feb 2019165912.010.119,84515 May 2019165911.418,811--(1,034)----
79 Vinati Organics14 Feb 2019181,623.31,471.529,24927 Feb 2019181,469.626,425--(2,823)----
80 Zee Entertainment Enterprises14 Feb 2019185433.5350.380,26808 May 2019185346.664,048--(16,220)----
81 AU Small Finance Bank15 May 2019224650.8575.3145,91414 Feb 20202241,146.1256,459168110,545----
82 Avantel15 May 2019356250.8218.389,37415 Jul 2019356216.977,129712(12,246)----
83 DCM Shriram15 May 201944525.8431.323,15830 Jul 201944427.318,78170(4,377)----
84 Huhtamaki PPL15 May 2019327254.4211.683,25614 Aug 2019327223.773,060--(10,195)----
85 Vinati Organics15 May 2019481,808.01,601.586,87114 Aug 2019482,114.3101,38333614,512----
86 AU Small Finance Bank14 Aug 2019167695.2637.6116,20614 Feb 20201671,146.1191,199--74,993----
87 Bharat Rasayan14 Aug 201934,804.34,094.914,42714 Nov 201936,599.119,77755,350----
88 Indus Towers14 Aug 2019274248.9228.468,25325 Oct 2019274226.161,8971,000(6,356)----
89 Kaveri Seed Company14 Aug 201925479.8405.712,00614 Nov 201925527.013,162751,156----
90 Pokarna14 Aug 2019442134.3106.859,42014 Nov 2019442170.675,33026515,910----
91 Accelya Solutions India14 Nov 2019131,099.0872.914,30114 Feb 2020131,033.113,417130(884)----
92 AU Small Finance Bank14 Nov 201912836.1672.810,04314 Feb 2020121,146.113,739--3,696----
93 Dhanuka Agritech14 Nov 2019156315.6283.849,28314 Feb 2020156532.482,964--33,681----
94 Swaraj Engines14 Nov 2019441,129.11,063.549,73027 Nov 2019441,062.546,705--(3,025)----
95 VST Industries14 Nov 2019114,560.53,766.750,21512 Mar 2020113,759.041,308--(8,907)----
96 Alkyl Amines Chemicals14 Feb 2020391,570.91,238.761,32617 Mar 2020391,234.248,087390(13,239)----
97 Castrol India14 Feb 20201010158.3134.4159,99209 Mar 20201010134.3135,463--(24,529)----
98 Hawkins Cookers14 Feb 202075,399.34,058.737,83318 Mar 202074,037.428,233--(9,599)----
99 IOL Chemicals and Pharmaceuticals14 Feb 2020411195.9175.780,57520 Mar 2020411174.771,7211,233(8,854)----
100 VST Industries14 Feb 2020614,336.33,985.2264,77609 Mar 2020613,973.8242,161--(22,614)----
101 Bharat Electronics15 May 2020331867.857.9225,01914 Aug 20203318113.2375,056--150,037----
102 Gujarat Themis Biosyn15 May 2020108190.7124.420,61614 Aug 2020108180.819,501--(1,115)----
103 Indian Energy Exchange15 May 2020477160.1116.876,44414 Aug 2020477185.488,347--11,903----
104 Ion Exchange India15 May 2020256702.4517.3179,99414 Aug 2020256685.6175,338--(4,656)----
105 Tata Elxsi15 May 202084777.9504.765,40514 Aug 2020841,020.785,6491,38620,244----
106 IOL Chemicals and Pharmaceuticals14 Aug 202072789.3438.356,88315 Feb 202172659.447,429288(9,454)----
107 NIIT Limited14 Aug 20206750101.994.2688,17514 Nov 20206750150.51,014,52213,500326,347----
108 IOL Chemicals and Pharmaceuticals14 Nov 2020136681.2585.292,72915 Feb 2021136659.489,589544(3,140)----
109 KNR Constructions14 Nov 2020835256.7120.3214,51703 Feb 20211670140.1233,693--19,176----
110 Shree Renuka Sugars14 Nov 20201183810.08.6118,49815 Feb 2021118389.2108,801--(9,698)----
111 Tips Industries14 Nov 2020346276.3220.195,69515 Feb 2021346403.5139,471--43,776----
112 VST Industries14 Nov 20201443,513.43,326.6506,42815 Feb 20211443,557.6511,782--5,354----
113 Carysil15 Feb 20214034279.1192.01,127,01517 May 20214034323.61,303,8963,227176,880----
114 Easy Trip Planners17 May 20216811191.6167.61,306,29316 Aug 20216811469.13,191,505--1,885,212----
115 India Pesticides16 Aug 20219743326.5308.83,183,78323 Aug 20219743307.42,992,237--(191,546)----
116 Chambal Fertilisers and Chemicals15 Nov 20211285356.0286.9457,91814 Feb 20221285373.2479,0185,78321,101----
117 Eclerx Services15 Nov 20211172,466.22,247.4288,83429 Nov 20211172,229.6260,597--(28,237)----
118 Swaraj Engines15 Nov 20218101,774.81,642.41,438,98529 Nov 20218101,642.11,328,807--(110,179)----
119 Thangamayil Jewellery15 Nov 2021539651.5540.1351,51009 Feb 2022539538.7290,0472,695(61,462)----
120 Thyrocare Technologies15 Nov 20213951,182.41,068.4467,51508 Dec 20213951,065.4420,415--(47,101)----
121 Maithan Alloys14 Feb 20221371,136.01,012.0155,78824 Feb 20221371,007.2137,842--(17,946)----
122 Patanjali Foods14 Feb 20222681832.8769.52,234,97024 Feb 20222681767.42,055,428--(179,542)----
123 Rhi Magnesita India14 Feb 2022804494.0395.8397,57316 May 2022804561.6451,035--53,462----
124 AU Small Finance Bank16 May 20224191,306.2538.5547,84509 Jun 2022838553.5463,354--(84,491)----
125 Bharat Dynamics16 May 2022531689.0399.0366,22516 Aug 2022531852.2452,066--85,841----
126 Ion Exchange India16 May 20227391,733.51,593.51,282,33816 Aug 20227391,794.71,324,957--42,619----
127 Share India Securities16 May 20222621,275.7982.2334,56816 Aug 20222621,163.4304,506524(30,062)----
128 Shilchar Technologies16 May 2022183618.6304.4113,30816 Aug 2022183572.7104,699732(8,609)----
129 Apar Industries16 Aug 20223681,240.2862.9456,83214 Nov 20223681,490.0547,772--90,940----
130 AU Small Finance Bank16 Aug 20221775639.9315.81,136,87014 Nov 20221775636.21,128,037--(8,832)----
131 Aditya Vision16 Aug 20222421,204.0833.1291,65914 Nov 20222421,300.2314,3341,45222,674----
132 Deepak Fertilisers n Petrochemicals16 Aug 2022142908.0677.5129,06514 Nov 2022142856.6121,5091,278(7,556)----
133 Gujarat Heavy Chemicals16 Aug 20221026619.5552.7636,19114 Nov 20221026593.5608,322--(27,869)----
134 Accelya Solutions India14 Nov 20221171,551.51,182.1181,70114 Feb 20231171,179.3137,8464,095(43,856)----
135 Gujarat Themis Biosyn14 Nov 2022126848.7660.8107,03703 Feb 2023126659.883,056554(23,981)----
136 Hawkins Cookers14 Nov 20221936,451.95,910.31,246,46214 Feb 20231936,018.61,160,419--(86,043)----
137 Narayana Hrudayalaya14 Nov 20221551763.4699.41,185,21815 May 20231551769.21,191,836--6,619----
138 AIA Engineering14 Feb 20231182,799.52,515.2330,66515 May 20231182,752.5324,470--(6,195)----
139 Narayana Hrudayalaya14 Feb 20231156725.0692.7838,88015 May 20231156769.2888,306--49,426----
140 Shilchar Technologies14 Feb 2023931,330.9924.0123,89815 May 2023931,892.3175,803--51,906----
141 Waaree Renewable Technologies14 Feb 2023104596.2502.062,06215 May 2023104989.4102,795--40,733----
142 WPIL Limited14 Feb 2023181,742.31,195.831,39215 May 2023182,951.853,078--21,687----
143 Bharat Electronics15 May 202310983107.793.41,183,50214 Aug 202310983130.51,431,848--248,346----
144 Nucleus Software Exports15 May 2023381627.2546.4239,18314 Aug 2023381995.5378,8873,810139,704----
145 State Bank of India15 May 20231644581.9520.4957,60014 Aug 20231644560.8921,03318,577(36,567)----
146 West Coast Paper Mills15 May 2023614576.3506.1354,20209 Jun 2023614505.4310,002--(44,200)----
147 Ajanta Pharma14 Aug 20232591,738.61,396.0450,74815 Nov 20232591,949.3504,364--53,616----
148 Apar Industries14 Aug 20231024,145.33,101.4423,23815 Nov 20231025,621.5572,815--149,576----
149 Jyothy Laboratories14 Aug 2023863321.7205.5277,90515 Nov 2023863458.6395,376--117,471----
150 Motilal Oswal Financial Services14 Aug 2023219943.7750.7206,87715 Nov 20232191,223.9267,755--60,878----
151 Oracle Financial Services Software14 Aug 20234293,985.63,722.11,711,53215 Nov 20234294,051.51,736,334--24,802----
152 Chennai Petroleum Corporation15 Nov 2023128639.0530.981,86714 Feb 2024128901.0115,213--33,345----
153 Equitas Small Finance Bank15 Nov 2023296598.086.9290,86114 Feb 20242965100.3296,944--6,083----
154 Hawkins Cookers15 Nov 20232697,241.86,730.31,949,99214 Feb 20242697,096.61,907,076--(42,916)----
155 State Bank of India15 Nov 20231736584.7555.01,016,05414 Feb 20241736743.41,289,252--273,198----
156 Shilchar Technologies15 Nov 2023492,687.21,550.7131,80514 Feb 2024494,076.7199,559--67,754----
157 14 Feb 20241483566.593.8840,88515 May 2024741598.8732,012--------
158 14 Feb 20242109197.1154.1416,10015 May 20242109189.2398,5189,491------
159 14 Feb 20242600807.4722.92,101,33918 Mar 20242600722.71,877,177--------
160 14 Feb 2024156,674.55,143.8100,21815 May 2024156,240.593,513--------
161 14 Feb 2024457,765.94,014.0349,81315 May 2024457,780.4349,76610,800------
162 15 May 20242665232.9185.7621,166--2665--------283.6755,794
163 15 May 20241513,294.82,949.8498,012--151--------3,482.8525,903
164 15 May 20241004,182.43,205.7418,653--100--------4,921.2492,120
165 15 May 20242318,352.37,618.91,931,299--231--------8,915.62,059,504
Portfolio Totals94,3973,636,798 3,833,321

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


Standard Disclaimer

  1. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
  2. Past performance, by way of backtesting or by way of actuals, is no guarantee of future returms.
  3. Securities mentioned on this website are for educational purpose only and do not constitute investment advice.
Standard Warning - Investment in securities markets are subject to market risk. Read all the related documents carefully before investing.