From the last 1 week the Chinese market were up because of some policy changes. They had a rate cut and along with that looks like they are pumping more money and eventually thar money is going into the stock market. The affect of it can be seen on the Indian ETF too where the 2 most popular ETF are going up like anything.
PC: Google.com
As you can see the Hngsngbees is up more than 17% in last 5 days whereas Makhtech was up by 24%. I had some shares of Makhtech which I have purchased back in August 23 and it never game me profit. Now when it had given me 6%, I came out. But that was a mistake. I sold yesterday and today itself the Makhtech was up by 11%. I have some regret, but still I have Hngsngbees where I am riding the profit.
This is what I like about ETF ki Dukan where you will have some or the other profit booking days and eventually you will reap the profits like these. I wanted to remove Makhtech which was purchased in 2023 and that's why I sold earlier. I know that was a mistake, but still it's ok.
The problem with these ETFs is that the percentage looks high or even low because there is a RBI restrictions on the International fund. And that's why these ETFs run like these. At one point of time I was down 10% and I hold it to it and I came out with 10% profit. I will ride the profit in Hngsngbees and hopefully it can give me good returns now also. I am expecting it to rise 10% more before the reversal but let's see what will happen next week. Until that time, continue investing and be happy.
