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Mid-Year 2023 Update

Market & Performance After ~18 months of correction, markets have scaled to new highs in 2023 with strong up-move seen in last few months. And Indices scaling to new highs after a decent period of consolidation is a strong indication of a new up-trend. Our stocks have been performing quite well, leading to a strong YTD (year-to-date) returns of +21.4% for Surge vs +6.4% for NIFTY500. This has more than covered up for last year’s underperformance and has led the portfolio to new highs.

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