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 September 2015 onwards:

Performance of icTracker v/s Nifty 50 over time (in multiples of initial corpus)

As seen above, the initial corpus of Rs.100,000 invested on 30 September 2015 has grown to Rs.3,217,317 as of 30 September 2025.

In other words, the icTracker has outperformed the Nifty 50 by 969% during this period.

Generated Portfolio Stats
CAGR Alpha Beta Std Deviation Sharpe Ratio Treynor Ratio Modigliani Ratio
41.46%30.09%0.781363652.94%65.95%44.68%17.60%

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

icTracker gen.Nifty 50
Qtr EndTrade DatePortfolio valueIndex ValuePortfolio value
30 Sep 201516 Nov 2015100,0007,806.60100,000
31 Dec 201515 Feb 201692,0767,162.9591,755
31 Mar 201616 May 2016107,0547,860.75100,694
30 Jun 201616 Aug 2016118,3068,642.55110,708
30 Sep 201615 Nov 2016116,9098,108.45103,867
31 Dec 201614 Feb 2017131,3228,792.30112,627
31 Mar 201715 May 2017171,1399,445.40120,993
30 Jun 201714 Aug 2017248,4419,794.15125,460
30 Sep 201714 Nov 2017336,54010,186.60130,487
31 Dec 201714 Feb 2018361,57610,500.90134,513
31 Mar 201815 May 2018335,94310,801.85138,368
30 Jun 201814 Aug 2018329,90611,435.10146,480
30 Sep 201814 Nov 2018317,01710,576.30135,479
31 Dec 201814 Feb 2019296,12810,746.05137,653
31 Mar 201915 May 2019275,48711,157.00142,918
30 Jun 201914 Aug 2019277,04211,029.40141,283
30 Sep 201914 Nov 2019323,81811,872.10152,078
31 Dec 201914 Feb 2020427,06512,113.45155,169
31 Mar 202015 May 2020376,3059,136.85117,040
30 Jun 202014 Aug 2020494,09111,178.40143,192
30 Sep 202014 Nov 2020714,32112,780.25163,711
31 Dec 202015 Feb 2021863,83315,314.70196,176
31 Mar 202117 May 20211,001,30214,923.15191,161
30 Jun 202116 Aug 20212,440,60616,563.05212,167
30 Sep 202115 Nov 20212,294,37618,109.45231,976
31 Dec 202114 Feb 20222,128,29416,842.80215,751
31 Mar 202216 May 20222,018,41515,842.30202,935
30 Jun 202216 Aug 20222,023,31217,825.25228,336
30 Sep 202214 Nov 20222,078,26618,329.15234,790
31 Dec 202214 Feb 20231,940,95817,929.85229,676
31 Mar 202315 May 20232,115,32518,398.85235,683
30 Jun 202314 Aug 20232,433,04519,434.55248,950
30 Sep 202315 Nov 20233,065,85719,675.45252,036
31 Dec 202314 Feb 20243,363,24621,840.05279,764
31 Mar 202415 May 20243,110,53322,200.55284,382
30 Jun 202414 Aug 20243,449,06624,143.75309,274
30 Sep 202414 Nov 20243,392,01823,532.70301,446
31 Dec 202414 Feb 20253,078,21622,929.25293,716
31 Mar 202515 May 20252,890,88025,062.10321,037
30 Jun 202514 Aug 20252,966,56524,631.30315,519
30 Sep 202514 Nov 20253,217,31725,910.05331,899
CAGR41.46%12.73%

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 Control Print16 Nov 201532458.3359.014,68014 Jan 201632354.611,335--(3,345)----
2 Eclerx Services16 Nov 2015171,821.51,232.530,99617 Dec 2015221,271.327,942--(3,055)----
3 Indo Count Industries16 Nov 201511946.8851.310,42515 Feb 201611981.910,790--365----
4 NESCO Limited16 Nov 2015271,615.61,370.743,66515 Feb 2016271,548.841,776--(1,889)----
5 Tata Motors Passenger Vehicles15 Feb 2016145317.3254.746,04716 May 2016145392.756,885--10,837----
6 TV Today Network15 Feb 2016150306.6262.546,03616 May 2016150334.950,177--4,141----
7 Accelya Solutions India16 May 2016151,124.4930.716,88316 Aug 2016151,239.918,579--1,696----
8 Ajanta Pharma16 May 2016111,592.61,373.117,53616 Aug 2016111,955.121,484--3,948----
9 Hawkins Cookers16 May 201672,616.02,471.618,33016 Aug 201672,857.219,9804201,650----
10 HDFC Bank16 May 2016431,162.81,025.150,05016 Aug 2016431,227.352,7214092,671----
11 Supreme Industries16 May 20165865.2779.24,33016 Aug 20165958.64,788--458----
12 Bharat Rasayan16 Aug 2016181,477.31,173.626,61715 Nov 2016181,753.831,536224,919----
13 DB Corp16 Aug 2016144409.0373.958,95511 Nov 2016144373.353,700--(5,255)----
14 Gujarat Heavy Chemicals16 Aug 201694246.2172.923,16115 Nov 201694217.920,462--(2,699)----
15 Rajratan Global Wire16 Aug 20169448.5260.74,04115 Nov 20169631.95,681--1,641----
16 Sudarshan Chemical Industries16 Aug 201618330.2174.95,95015 Nov 201618329.65,926--(24)----
17 Alkem Laboratories15 Nov 2016341,648.71,519.656,11014 Feb 2017341,874.363,6612047,551----
18 Garware Technical Fibres15 Nov 2016111553.3506.261,47814 Feb 2017111614.568,136--6,658----
19 AIA Engineering14 Feb 2017191,413.61,274.826,88515 May 2017191,509.628,653761,768----
20 Avanti Feeds14 Feb 201743575.7489.024,77814 Nov 2017432,702.6116,09338791,316----
21 Indraprastha Gas14 Feb 2017451,023.6877.546,10815 May 2017451,000.344,966--(1,142)----
22 NATCO Pharma14 Feb 201714776.0640.510,87515 May 201714934.413,068842,193----
23 V-Mart Retail14 Feb 201737625.9499.123,18115 May 2017371,041.438,493--15,312----
24 Avanti Feeds15 May 2017351,076.9801.637,72714 Nov 2017352,702.694,49531556,767----
25 Centrum Capital15 May 201746649.334.022,97314 Aug 201746659.327,606--4,633----
26 City Union Bank15 May 2017208181.8138.337,85214 Aug 2017228156.135,55568(2,297)----
27 Sharda Motor Industries15 May 2017141,887.11,463.126,44614 Aug 2017142,616.336,591--10,145----
28 Avanti Feeds14 Aug 201721,898.51,544.53,80114 Nov 201722,702.65,400--1,599----
29 DCM Shriram14 Aug 201780384.5346.830,78714 Nov 201780578.946,262--15,475----
30 SpiceJet14 Aug 201762122.5108.47,60314 Nov 201762142.18,801--1,199----
31 TTK Prestige14 Aug 201786,280.15,913.750,29114 Nov 201786,649.653,143--2,852----
32 VIP Industries14 Aug 201737195.5180.27,23914 Nov 201737316.811,708--4,469----
33 Cyient Limited14 Nov 2017118540.6490.163,84914 Feb 2018118624.073,5584729,710----
34 Dhanuka Agritech14 Nov 201751659.4627.533,66314 Feb 201851675.334,403--740----
35 Gulf Oil Lubricants India14 Nov 201719982.7797.918,68915 May 201819895.616,99976(1,690)----
36 Hawkins Cookers14 Nov 2017612,802.52,706.0171,12414 Feb 2018612,891.6176,208--5,085----
37 TVS Srichakra14 Nov 2017163,155.62,971.150,54014 Feb 2018163,644.958,260--7,720----
38 CRISIL Limited14 Feb 20181412,005.01,831.4282,98103 May 20181411,827.9257,4732,256(25,508)----
39 Gulf Oil Lubricants India14 Feb 2018211,052.5912.822,12523 Mar 201821910.919,10984(3,016)----
40 VST Tillers14 Feb 2018122,668.22,284.332,05015 May 2018122,963.335,523--3,474----
41 Dilip Buildcon15 May 2018221,204.3998.526,52130 May 201822982.521,593--(4,929)----
42 Suven Life Sciences15 May 2018272190.0171.951,71814 Aug 2018272236.864,332--12,614----
43 UPL Limited15 May 2018295733.3693.6216,54021 May 2018295691.4203,751--(12,788)----
44 UNO Minda Limited15 May 2018351,082.4334.137,92211 Jul 2018105351.036,820168(1,102)----
45 Graphite India14 Aug 2018311,100.6833.534,15127 Sep 201831828.225,650--(8,501)----
46 Kama Holdings14 Aug 2018144,381.13,877.161,39714 Nov 2018145,338.474,66321013,266----
47 Kaveri Seed Company14 Aug 201864622.0541.939,84503 Oct 201864536.034,272--(5,573)----
48 Oracle Financial Services Software14 Aug 2018474,017.93,764.9189,03022 Oct 2018473,764.2176,739--(12,291)----
49 Automotive Axles14 Nov 2018131,251.5995.016,28514 Feb 2019131,144.914,868--(1,417)----
50 IndusInd Bank14 Nov 2018781,513.61,195.1118,17514 Feb 2019781,517.5118,247--72----
51 Kewal Kiran Clothing14 Nov 20181341,325.01,183.2177,72822 Jan 20191341,181.7158,184--(19,544)----
52 Accelya Solutions India14 Feb 2019227935.4903.7212,54815 May 2019227903.5204,890--(7,658)----
53 Hindustan Construction Company14 Feb 2019106912.010.112,78715 May 2019106911.412,121--(666)----
54 Vinati Organics14 Feb 2019121,623.31,471.519,49927 Feb 2019121,469.617,617--(1,882)----
55 Zee Entertainment Enterprises14 Feb 2019119433.5350.351,63208 May 2019119346.641,198--(10,434)----
56 AU Small Finance Bank15 May 2019193650.8575.3125,72014 Feb 20201931,146.1220,96714595,246----
57 Avantel15 May 2019269250.8218.367,53315 Jul 2019269216.958,280538(9,253)----
58 DCM Shriram15 May 201936525.8431.318,94830 Jul 201936427.315,36658(3,581)----
59 Huhtamaki PPL15 May 2019212254.4211.653,97614 Aug 2019212223.747,366--(6,610)----
60 Refex Industries15 May 201924240.031.99,67814 Aug 201924288.921,492--11,815----
61 AU Small Finance Bank14 Aug 201990695.2637.662,62614 Feb 2020901,146.1103,041--40,415----
62 Indus Towers14 Aug 2019149248.9228.437,11625 Oct 2019149226.133,659544(3,456)----
63 Kaveri Seed Company14 Aug 201917479.8405.78,16414 Nov 201917527.08,95051786----
64 Pokarna14 Aug 2019247134.3106.833,20514 Nov 2019247170.642,0961488,891----
65 Accelya Solutions India14 Nov 201971,099.0872.97,70114 Feb 202071,033.17,22470(476)----
66 AU Small Finance Bank14 Nov 20196836.1672.85,02114 Feb 202061,146.16,869--1,848----
67 Dhanuka Agritech14 Nov 201979315.6283.824,95714 Feb 202079532.442,014--17,056----
68 Swaraj Engines14 Nov 2019221,129.11,063.524,86527 Nov 2019221,062.523,353--(1,513)----
69 VST Industries14 Nov 201954,560.53,766.722,82512 Mar 202053,759.018,776--(4,049)----
70 Alkyl Amines Chemicals14 Feb 2020301,570.91,238.747,17417 Mar 2020301,234.236,990300(10,184)----
71 Castrol India14 Feb 2020704158.3134.4111,51909 Mar 2020704134.394,422--(17,098)----
72 IOL Chemicals and Pharmaceuticals14 Feb 2020286195.9175.756,06920 Mar 2020286174.749,908858(6,161)----
73 VST Industries14 Feb 2020424,336.33,985.2182,30509 Mar 2020423,973.8166,734--(15,571)----
74 Bharat Electronics15 May 2020220267.857.9149,33514 Aug 20202202113.2248,907--99,572----
75 Gujarat Themis Biosyn15 May 202072190.7124.413,74414 Aug 202072180.813,001--(743)----
76 Indian Energy Exchange15 May 2020316160.1116.850,64214 Aug 2020316185.458,528--7,886----
77 Ion Exchange India15 May 2020170702.4517.3119,52714 Aug 2020170685.6116,435--(3,092)----
78 Tata Elxsi15 May 202055777.9504.742,82514 Aug 2020551,020.756,08090813,255----
79 IOL Chemicals and Pharmaceuticals14 Aug 202048789.3438.337,92215 Feb 202148659.431,620192(6,302)----
80 NIIT Limited14 Aug 20204478101.994.2456,54014 Nov 20204478150.5673,0418,956216,501----
81 IOL Chemicals and Pharmaceuticals14 Nov 2020162681.2585.2110,45715 Feb 2021162659.4106,716648(3,741)----
82 KNR Constructions14 Nov 2020932256.7120.3239,43703 Feb 20211864140.1260,841--21,404----
83 Refex Industries14 Nov 2020263658.647.7154,62415 Feb 2021263695.2250,6962,63696,072----
84 Shree Renuka Sugars14 Nov 2020883410.08.688,42815 Feb 202188349.281,192--(7,237)----
85 Tips Music14 Nov 2020321276.3220.188,78115 Feb 2021321403.5129,394--40,613----
86 Carysil15 Feb 20213079279.1192.0860,20817 May 20213079323.6995,2142,463135,006----
87 Easy Trip Planners17 May 20215200191.6167.6997,31616 Aug 20215200469.12,436,621--1,439,305----
88 India Pesticides16 Aug 20217438326.5308.82,430,56423 Aug 20217438307.42,284,333--(146,230)----
89 Chambal Fertilisers and Chemicals15 Nov 2021981356.0286.9349,58514 Feb 2022981373.2365,6944,41516,109----
90 Eclerx Services15 Nov 2021902,466.22,247.4222,18029 Nov 2021902,229.6200,459--(21,721)----
91 Swaraj Engines15 Nov 20216181,774.81,642.41,097,89229 Nov 20216181,642.11,013,830--(84,062)----
92 Thangamayil Jewellery15 Nov 2021411651.5540.1268,03409 Feb 2022411538.7221,1682,055(46,866)----
93 Thyrocare Technologies15 Nov 20213021,182.41,068.4357,44208 Dec 20213021,065.4321,431--(36,011)----
94 Maithan Alloys14 Feb 20221041,136.01,012.0118,26224 Feb 20221041,007.2104,639--(13,623)----
95 Patanjali Foods14 Feb 20222047832.8769.51,706,44724 Feb 20222047767.41,569,363--(137,084)----
96 Rhi Magnesita India14 Feb 2022614494.0395.8303,61916 May 2022614561.6344,447--40,828----
97 AU Small Finance Bank16 May 20223201,306.2538.5418,40209 Jun 2022640553.5353,874--(64,528)----
98 Bharat Dynamics16 May 2022405689.0399.0279,32416 Aug 2022405852.2344,796--65,472----
99 Ion Exchange India16 May 20225641,733.51,593.5978,67216 Aug 20225641,794.71,011,199--32,527----
100 Share India Securities16 May 20222001,275.7982.2255,39516 Aug 20222001,163.4232,447400(22,948)----
101 Shilchar Technologies16 May 2022140618.6304.486,68416 Aug 2022140572.780,098560(6,586)----
102 Apar Industries16 Aug 20222811,240.2862.9348,83114 Nov 20222811,490.0418,271--69,441----
103 AU Small Finance Bank16 Aug 20221355639.9315.8867,86414 Nov 20221355636.2861,121--(6,742)----
104 Aditya Vision16 Aug 20221841,204.0833.1221,75814 Nov 20221841,300.2238,9981,10417,240----
105 Deepak Fertilisers n Petrochemicals16 Aug 2022109908.0677.599,07114 Nov 2022109856.693,271981(5,800)----
106 Gujarat Heavy Chemicals16 Aug 2022783619.5552.7485,51414 Nov 2022783593.5464,246--(21,269)----
107 Accelya Solutions India14 Nov 2022851,551.51,182.1132,00514 Feb 2023851,179.3100,1442,975(31,861)----
108 Dynacons Systems and Solutions14 Nov 2022152337.9287.351,40514 Feb 2023152449.568,248--16,844----
109 Gujarat Themis Biosyn14 Nov 202280848.7660.867,96003 Feb 202380659.852,734352(15,226)----
110 Hawkins Cookers14 Nov 20221446,451.95,910.3930,00314 Feb 20231446,018.6865,805--(64,198)----
111 Narayana Hrudayalaya14 Nov 20221178763.4699.4900,18515 May 20231178769.2905,212--5,027----
112 AIA Engineering14 Feb 2023932,799.52,515.2260,60915 May 2023932,752.5255,727--(4,883)----
113 Narayana Hrudayalaya14 Feb 2023905725.0692.7656,73615 May 2023905769.2695,430--38,694----
114 Shilchar Technologies14 Feb 2023731,330.9924.097,25315 May 2023731,892.3137,996--40,743----
115 Waaree Renewable Technologies14 Feb 202381596.2502.048,33615 May 202381989.480,061--31,725----
116 WPIL Limited14 Feb 2023141,742.31,195.824,41615 May 2023142,951.841,283--16,867----
117 Bharat Electronics15 May 20239811107.793.41,057,21014 Aug 20239811130.51,279,055--221,845----
118 Nucleus Software Exports15 May 2023297627.2546.4186,45014 Aug 2023297995.5295,3532,970108,903----
119 State Bank of India15 May 20231462581.9520.4851,58914 Aug 20231462560.8819,07016,521(32,519)----
120 Ajanta Pharma14 Aug 20234101,738.61,396.0713,53915 Nov 20234101,949.3798,414--84,875----
121 Apar Industries14 Aug 20231594,145.33,101.4659,75415 Nov 20231595,621.5892,917--233,163----
122 Jyothy Laboratories14 Aug 20231304321.7205.5419,91615 Nov 20231304458.6597,416--177,500----
123 Mazagon Dock Shipbuilders14 Aug 20231241,863.11,159.1231,25515 Nov 20231241,998.7247,59185116,336----
124 Motilal Oswal Financial Services14 Aug 2023432943.7750.7408,08615 Nov 20234321,223.9528,175--120,088----
125 Chennai Petroleum Corporation15 Nov 2023113639.0530.972,27414 Feb 2024113901.0101,711--29,438----
126 Equitas Small Finance Bank15 Nov 2023261798.086.9256,72314 Feb 20242617100.3262,092--5,369----
127 Hawkins Cookers15 Nov 20232387,241.86,730.31,725,27214 Feb 20242387,096.61,687,302--(37,970)----
128 State Bank of India15 Nov 20231532584.7555.0896,65614 Feb 20241532743.41,137,750--241,094----
129 Shilchar Technologies15 Nov 2023432,687.21,550.7115,66514 Feb 2024434,076.7175,123--59,458----
130 Canara Bank14 Feb 20242367566.593.81,342,12815 May 20241183598.81,168,356--(173,772)----
131 Castrol India14 Feb 20243311197.1154.1653,25115 May 20243311189.2625,64914,900(27,601)----
132 Neuland Laboratories14 Feb 2024266,674.55,143.8173,71115 May 2024266,240.5162,090--(11,621)----
133 Oracle Financial Services Software14 Feb 2024527,765.94,014.0404,22815 May 2024527,780.4404,17412,480(54)----
134 Suyog Telematics14 Feb 20246311,251.9947.2790,70715 May 20246311,148.0723,664--(67,044)----
135 Bharat Electronics15 May 20242564232.9185.7597,62514 Aug 20242564293.7752,2942,051154,669----
136 Hindustan Aeronautics15 May 2024914,182.43,205.7380,97514 Aug 2024914,661.7423,791--42,816----
137 Mazagon Dock Shipbuilders15 May 20241332,392.11,959.6318,46814 Aug 20241334,998.5664,136--345,668----
138 Sanofi India15 May 20242138,352.37,618.91,780,80813 Jun 20242137,397.71,574,137--(206,671)----
139 Aditya Vision14 Aug 20241564,517.8357.3705,48227 Aug 20241560386.1601,754--(103,728)----
140 Cholamandalam Financial Holdings14 Aug 20246301,569.51,282.3989,77414 Nov 20246301,573.8990,503--729----
141 Grauer n Weil India14 Aug 20241127794.383.81,064,59814 Nov 202411277105.11,184,0275,639119,430----
142 RattanIndia Enterprises14 Aug 2024821683.674.2687,21603 Oct 2024821674.1608,098--(79,117)----
143 Eclerx Services14 Nov 20243683,339.52,771.51,230,16503 Mar 20253682,741.71,007,932--(222,234)----
144 Marksans Pharma14 Nov 20241137308.3271.7350,88810 Jan 20251137269.5306,097--(44,791)----
145 NESCO Limited14 Nov 202413401,002.6926.91,344,76114 Feb 20251340926.61,240,389--(104,372)----
146 Pix Transmissions14 Nov 20242172,157.11,590.8468,55917 Feb 20252171,562.9338,817--(129,742)----
147 Banco Products India15 May 2025205403.9328.582,87214 Aug 2025205536.9109,954--27,082----
148 Cigniti Technologies15 May 2025481,573.91,361.075,62314 Aug 2025481,541.573,918--(1,705)----
149 Hindustan Zinc15 May 20252011440.8394.3887,23514 Aug 20252011426.7857,13520,110(30,100)----
150 Jyoti Resins Adhesives15 May 20259151,294.81,244.31,185,92714 Aug 20259151,314.21,201,291--15,364----
151 South Indian Bank15 May 20252373727.824.6659,36114 Aug 20252373729.3694,7999,49535,438----
152 14 Aug 20259971,396.71,357.61,393,90306 Nov 20259971,356.21,350,82739,880------
153 14 Aug 2025199750.6681.9149,519--199--------925.7184,204
154 14 Aug 20251620826.6796.71,340,35014 Nov 20251620967.91,566,349--------
155 14 Aug 2025204,001.63,645.880,112--20--------3,781.875,636
156 14 Nov 2025915890.6713.2815,714--915--------925.7846,970
157 14 Nov 20253056146.1114.3446,836--3056--------150.4459,561
158 14 Nov 20254512,055.31,929.0927,867--451--------2,025.4913,455
159 14 Nov 2025964,017.53,657.5386,066--96--------3,781.8363,053
160 14 Nov 20252451,564.01,275.3383,563--245--------1,564.0383,180
Portfolio Totals161,5052,744,946 3,226,059

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


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  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.
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