PinSec Neural Alpha Fund — Performance Dashboard

Total Return
+20.81%
Nov 2024 → 12 Jun 2026

Alpha vs Nifty 50

+23.22%

Nifty: −2.41%

Drawdown vs Nifty

−7.28%

Our max drawdown

Nifty Max: −15.18%

Relative Max Drawdown

0.48x

PinSec MDD / Nifty MDD

Best Alpha Quarter

+16.54%

Q1 2026 · Jan–Mar 2026

PinSec Best Month +4.58%

PinSec Worst Month −3.60%

vs Nifty 50 (Total) +23.22%

▲ Outperformance

vs Midcap 150 (Total) +14.19%

▲ Outperformance

vs Smallcap 250 (Total) +24.23%

▲ Outperformance

CAGR vs Benchmark Indices

Annualised returns · Inception: November 2024 · 20-month period (Nov 2024 – 12 Jun 2026)

PinSec Neural Alpha

+17.31%

Blended CAGR

Trading CAGR +12.01%

Nifty 50

−1.45%

CAGR same period

▲ +13.46pp ahead

Nifty Midcap 150

+3.92%

CAGR same period

▲ +8.09pp ahead

Nifty Smallcap 250

−2.07%

CAGR same period

▲ +14.08pp ahead

Risk-Adjusted Performance

Sharpe Ratio
1.00
Annualised · Benchmark: −0.76

Sortino Ratio

1.49

Downside-risk adjusted

Calmar Ratio

1.94

Ann. return / Max Drawdown

Ann. Volatility

7.68%

vs Benchmark 12.51%

Win Rate Analysis

PinSec Neural Alpha across all time horizons · Nov 2024 – Jun 2026

Daily Win Rate

58.59%

232 of 396 active days

Weekly Win Rate

63.10%

~71 weeks tracked

Monthly Win Rate

75.00%

15 of 20 months positive

Yearly Win Rate

100%

Positive in all 3 calendar years

Recent Performance vs Benchmark (Nifty 50)

Rolling period returns · as of March 2026

Period	PinSec	Nifty 50	Alpha
MTD (Jun 2026)	+0.42%	+0.32%	▲ +0.10%
Last 1 Month	+2.84%	+0.90%	▲ +1.94%
Last 3 Months	−0.23%	+2.04%	▼ −2.27%
Last 6 Months	+1.70%	−9.31%	▲ +11.01%
Last 12 Months	+14.44%	−5.08%	▲ +19.52%

Trade-Level Analytics

Hit Ratio

58.59%

Wins / (Wins + Losses)

Profit Factor

1.35

Gross gain / gross loss

Avg. Win / Trade

+0.35%

Per profitable trade

Avg. Loss / Trade

−0.38%

Per losing trade

Best Win Streak

Consecutive winning trades

Worst Loss Streak

Consecutive losing trades

Cumulative Performance (Rebased to 100)

Nov 2024 — 12 Jun 2026 · All indices rebased at 100 from Nov 2024 start

PinSec Neural Alpha

Nifty 50

Nifty Midcap 150

Nifty Smallcap 250

₹1 Cr Invested

Nov 2024 → 12 Jun 2026

PinSec Neural Alpha ₹1.21 Cr

Nifty 50 ₹0.98 Cr

Midcap 150 ₹1.07 Cr

Smallcap 250 ₹0.97 Cr

Key Insights

PinSec returned +20.81% vs Nifty's −2.41% — +23.22% total excess

CAGR of +12.01% vs Nifty at −1.45% — +20.05pp annualised edge

Beat Nifty in 12 of 20 months (58.8% win rate)

Max drawdown just −7.28% vs Nifty's max of −15.18%

Best performer — ₹1.21 Cr vs Nifty ₹0.98 Cr, Midcap ₹1.07 Cr, Smallcap ₹0.97 Cr

Monthly Returns Heatmap (%)

All series · green = positive month, red = negative month

Monthly Alpha vs Nifty 50 (%)

Positive = outperformance, Negative = underperformance

All Benchmarks — Monthly Returns (%)

Line comparison across all 4 series · month-by-month

Cumulative Alpha Drift vs Nifty 50 (%)

Running total of monthly alpha — measures compounding edge

Month-by-Month Performance Detail

Nov 2024 — Mar 2026 · 17 months (to 12 Jun 2026) · Cumulative rebased to 100

▼

	Monthly Returns				Alpha	Cumulative (from 100)
Month	PinSec	Nifty 50	Midcap 150	Smallcap 250	Alpha vs Nifty	PinSec	Nifty 50

Quarter-on-Quarter Performance Detail

Aggregated from monthly returns · PinSec summed, indices compounded · Q4 2024 — Q1 2026

▼

		Quarterly Returns				Alpha	Cumulative (from 100)
Quarter	Months	PinSec	Nifty 50	Midcap 150	Smallcap 250	Alpha vs Nifty	PinSec	Nifty 50

Annual Returns Breakdown

2024 (partial Nov–Dec) · 2025 (full year) · 2026 YTD to 12 Jun 2026

▼

Year	PinSec	Nifty 50	Alpha vs Nifty	Note
2024	+0.91%	−2.32%	▲ +3.23%	Nov – Dec only (partial year)
2025	+20.38%	+10.51%	▲ +9.87%	Full calendar year
2026 YTD	+0.89%	−9.59%	▲ +10.48%	Jan – 12 Jun 2026 (incl. MTD)
TOTAL PERIOD	+20.81%	−2.41%	▲ +29.08%	Nov 2024 – 12 Jun 2026

⚠ Simulated Backtest Results — Based on historical data using current live strategy weights applied retroactively. Not indicative of live trading performance. Live fund inception: November 2024.

Total Return
+154.08%
Jan 2021 → Oct 2024

Alpha vs Nifty 50

+81.41%

Nifty: +72.67%

Drawdown vs Nifty

−4.70%

Our max drawdown (daily)

Nifty Max: −17.23%

Profit Factor

2.15

Gross gain / gross loss

Best Alpha Quarter

+15.58%

Q2 2021

PinSec Best Month +12.42%

PinSec Worst Month −1.91%

vs Nifty 50 (Total) +81.41%

▲ Outperformance

CAGR vs Benchmark

Annualised returns · Backtest Period: Jan 2021 – Oct 2024 · 46-month period

PinSec Neural Alpha

+27.54%

CAGR over backtest period

Nifty 50

+15.31%

CAGR same period (buy-and-hold)

▲ +12.23pp ahead

Risk-Adjusted Performance

Sharpe Ratio
3.71
Annualised · Nifty: 0.88

Sortino Ratio

4.49

Downside-risk adjusted

Calmar Ratio

5.86

Ann. return / Max Drawdown

Ann. Volatility

7.35%

Daily returns annualised

Win Rate Analysis

PinSec Neural Alpha · Jan 2021 – Oct 2024

Daily Win Rate

44.07%

617 of 1400 active days

Weekly Win Rate

74.63%

201 weeks tracked

Monthly Win Rate

91.3%

42 of 46 months positive

Yearly Win Rate

100%

Positive in 4 of 4 calendar years

Recent Performance vs Nifty 50

Rolling period returns · as of Oct 2024

Period	PinSec BT	Nifty 50	Alpha
MTD (Oct 2024)	+3.36%	−6.22%	▲ +9.58%
Last 1 Month	+3.36%	−6.22%	▲ +9.58%
Last 3 Months	+10.19%	−2.99%	▲ +13.18%
Last 6 Months	+18.17%	+7.08%	▲ +11.09%
Last 12 Months	+38.09%	+26.87%	▲ +11.22%
Last 2 Years	+59.50%	+34.38%	▲ +25.12%
Last 3 Years	+101.58%	+36.97%	▲ +64.61%

Trade-Level Analytics

Hit Ratio

44.07%

Wins / (Wins + Losses)

Profit Factor

2.15

Gross gain / gross loss

Avg. Win / Trade

+0.46%

Per profitable day

Avg. Loss / Trade

−0.40%

Per losing day

Best Win Streak

Consecutive winning days

Worst Loss Streak

Consecutive losing days

Cumulative Performance (Rebased to 100)

Jan 2021 – Oct 2024 · Rebased at 100 from Jan 2021

PinSec BT

Nifty 50

₹1 Cr Invested

Jan 2021 → Oct 2024

PinSec BT₹2.54 Cr

Nifty 50₹1.73 Cr

Key Insights

PinSec BT returned +154.08% vs Nifty’s +72.67% — +81.41% total excess

CAGR of +27.54% vs Nifty at +15.31%

Beat Nifty in 28 of 46 months (60.9% monthly win rate vs Nifty)

Max drawdown just −4.70% vs Nifty’s max of −17.23%

Monthly Returns Heatmap (%)

PinSec BT & Nifty 50 · green = positive, red = negative

Year		Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2021	PinSec	+5.87%	+5.19%	−1.50%	+12.42%	+3.75%	+6.44%	+4.10%	+4.70%	+6.17%	+5.37%	+3.22%	+4.54%
2021	Nifty 50	−2.74%	+6.56%	+1.11%	−0.41%	+6.50%	+0.89%	+0.26%	+8.69%	+2.84%	+0.30%	−3.90%	+2.18%
2022	PinSec	+3.19%	+2.92%	+6.25%	+0.67%	+0.02%	+4.02%	+9.36%	+1.00%	+4.05%	+2.85%	−0.20%	+2.52%
2022	Nifty 50	−0.08%	−3.15%	+3.99%	−2.07%	−3.03%	−4.85%	+8.73%	+3.50%	−3.74%	+5.37%	+4.14%	−3.48%
2023	PinSec	+2.26%	+0.86%	−1.91%	+2.78%	−0.90%	+2.05%	+2.72%	+4.81%	+3.61%	+2.82%	+1.32%	+4.89%
2023	Nifty 50	−2.45%	−2.03%	+0.32%	+4.06%	+2.60%	+3.53%	+2.94%	−2.53%	+2.00%	−2.84%	+5.52%	+7.94%
2024	PinSec	+1.93%	+7.99%	+1.54%	+2.26%	+1.35%	+4.11%	+2.52%	+6.62%	+0.21%	+3.36%	—	—
2024	Nifty 50	−0.03%	+1.18%	+1.57%	+1.24%	−0.33%	+6.57%	+3.92%	+1.14%	+2.28%	−6.22%	—	—

Low

Negative · Positive

High

Monthly Alpha vs Nifty 50 (%)

Positive = outperformance, Negative = underperformance

Cumulative Alpha Drift vs Nifty 50 (%)

Running total of monthly alpha · measures compounding edge

Monthly Returns Comparison (%)

PinSec BT vs Nifty 50 month-by-month · Jan 2021 – Oct 2024

PinSec BT

Nifty 50

Month-by-Month Performance Detail

Jan 2021 – Oct 2024 · 46 months · Cumulative rebased to 100

▼

	Monthly Returns		Alpha	Cumulative (from 100)
Month	PinSec BT	Nifty 50	Alpha vs Nifty	PinSec BT	Nifty 50
2021
Jan-21	+5.87%	−2.74%	▲ +8.61%	+5.87%	−2.74%
Feb-21	+5.19%	+6.56%	▼ −1.38%	+11.36%	+3.64%
Mar-21	−1.50%	+1.11%	▼ −2.61%	+9.69%	+4.80%
Apr-21 BEST	+12.42%	−0.41%	▲ +12.82%	+23.31%	+4.37%
May-21	+3.75%	+6.50%	▼ −2.75%	+27.94%	+11.16%
Jun-21	+6.44%	+0.89%	▲ +5.55%	+36.17%	+12.15%
Jul-21	+4.10%	+0.26%	▲ +3.84%	+41.76%	+12.44%
Aug-21	+4.70%	+8.69%	▼ −3.98%	+48.42%	+22.21%
Sep-21	+6.17%	+2.84%	▲ +3.33%	+57.57%	+25.68%
Oct-21	+5.37%	+0.30%	▲ +5.07%	+66.04%	+26.06%
Nov-21	+3.22%	−3.90%	▲ +7.12%	+71.38%	+21.15%
Dec-21	+4.54%	+2.18%	▲ +2.36%	+79.17%	+23.79%
2022
Jan-22	+3.19%	−0.08%	▲ +3.27%	+84.88%	+23.69%
Feb-22	+2.92%	−3.15%	▲ +6.06%	+90.28%	+19.80%
Mar-22	+6.25%	+3.99%	▲ +2.26%	+102.17%	+24.58%
Apr-22	+0.67%	−2.07%	▲ +2.74%	+103.52%	+22.00%
May-22	+0.02%	−3.03%	▲ +3.05%	+103.55%	+18.30%
Jun-22	+4.02%	−4.85%	▲ +8.87%	+111.73%	+12.57%
Jul-22	+9.36%	+8.73%	▲ +0.63%	+131.55%	+22.40%
Aug-22	+1.00%	+3.50%	▼ −2.50%	+133.86%	+26.68%
Sep-22	+4.05%	−3.74%	▲ +7.80%	+143.34%	+21.94%
Oct-22	+2.85%	+5.37%	▼ −2.52%	+150.27%	+28.49%
Nov-22	−0.20%	+4.14%	▼ −4.35%	+149.76%	+33.81%
Dec-22	+2.52%	−3.48%	▲ +6.00%	+156.06%	+29.15%
2023
Jan-23	+2.26%	−2.45%	▲ +4.70%	+161.84%	+25.99%
Feb-23	+0.86%	−2.03%	▲ +2.88%	+164.08%	+23.44%
Mar-23 WORST	−1.91%	+0.32%	▼ −2.24%	+159.03%	+23.83%
Apr-23	+2.78%	+4.06%	▼ −1.28%	+166.23%	+28.87%
May-23	−0.90%	+2.60%	▼ −3.50%	+163.84%	+32.21%
Jun-23	+2.05%	+3.53%	▼ −1.49%	+169.23%	+36.88%
Jul-23	+2.72%	+2.94%	▼ −0.23%	+176.55%	+40.91%
Aug-23	+4.81%	−2.53%	▲ +7.34%	+189.86%	+37.35%
Sep-23	+3.61%	+2.00%	▲ +1.62%	+200.33%	+40.09%
Oct-23	+2.82%	−2.85%	▲ +5.66%	+208.79%	+36.10%
Nov-23	+1.32%	+5.52%	▼ −4.20%	+212.86%	+43.62%
Dec-23	+4.89%	+7.94%	▼ −3.05%	+228.15%	+55.02%
2024
Jan-24	+1.93%	−0.03%	▲ +1.96%	+234.50%	+54.98%
Feb-24	+7.99%	+1.18%	▲ +6.80%	+261.21%	+56.81%
Mar-24	+1.54%	+1.57%	▼ −0.03%	+266.75%	+59.27%
Apr-24	+2.26%	+1.24%	▲ +1.02%	+275.05%	+61.25%
May-24	+1.35%	−0.33%	▲ +1.68%	+280.13%	+60.72%
Jun-24	+4.11%	+6.57%	▼ −2.46%	+295.76%	+71.28%
Jul-24	+2.52%	+3.92%	▼ −1.40%	+305.72%	+77.99%
Aug-24	+6.62%	+1.14%	▲ +5.48%	+332.57%	+80.02%
Sep-24	+0.21%	+2.28%	▼ −2.07%	+333.47%	+84.12%
Oct-24	+3.36%	−6.22%	▲ +9.58%	+348.04%	+72.67%
TOTAL · 46 Months	+154.08%	+72.67%	▲ +81.41%	+154.08%	+72.67%

Quarter-on-Quarter Performance Detail

Aggregated from monthly returns · PinSec summed, Nifty compounded · Q1 2021 – Q4 2024

▼

		Quarterly Returns		Alpha	Cumulative (from 100)
Quarter	Months	PinSec BT	Nifty 50	Alpha vs Nifty	PinSec BT	Nifty 50
2021
Q1 2021	Jan–Mar	+9.56%	+4.80%	▲ +4.76%	+9.69%	+4.80%
Q2 2021 BEST	Apr–Jun	+22.60%	+7.02%	▲ +15.58%	+36.17%	+12.15%
Q3 2021	Jul–Sep	+14.97%	+12.06%	▲ +2.91%	+57.57%	+25.68%
Q4 2021	Oct–Dec	+13.14%	−1.50%	▲ +14.64%	+79.17%	+23.79%
2022
Q1 2022	Jan–Mar	+12.36%	+0.64%	▲ +11.72%	+102.17%	+24.58%
Q2 2022	Apr–Jun	+4.70%	−9.65%	▲ +14.35%	+111.73%	+12.57%
Q3 2022	Jul–Sep	+14.41%	+8.33%	▲ +6.08%	+143.34%	+21.94%
Q4 2022	Oct–Dec	+5.17%	+5.91%	▼ −0.74%	+156.06%	+29.15%
2023
Q1 2023 WORST	Jan–Mar	+1.20%	−4.12%	▲ +5.32%	+159.03%	+23.83%
Q2 2023	Apr–Jun	+3.93%	+10.54%	▼ −6.61%	+169.23%	+36.88%
Q3 2023	Jul–Sep	+11.14%	+2.34%	▲ +8.80%	+200.33%	+40.09%
Q4 2023	Oct–Dec	+9.02%	+10.66%	▼ −1.64%	+228.15%	+55.02%
2024
Q1 2024	Jan–Mar	+11.45%	+2.74%	▲ +8.71%	+266.75%	+59.27%
Q2 2024	Apr–Jun	+7.73%	+7.54%	▲ +0.19%	+295.76%	+71.28%
Q3 2024	Jul–Sep	+9.34%	+7.50%	▲ +1.84%	+333.47%	+84.12%
Q4 2024	Oct	+3.36%	−6.22%	▲ +9.58%	+348.04%	+72.67%
TOTAL · 46 Months	Jan 2021–Oct 2024	+154.08%	+72.67%	▲ +81.41%	+154.08%	+72.67%

Annual Returns Breakdown

2021 – 2024 (Oct) · PinSec simple sum · Nifty compounded

▼

Year	PinSec BT	Nifty 50	Alpha vs Nifty	Note
2021	+60.27%	+23.79%	▲ +36.48%	Full calendar year
2022	+36.64%	+4.33%	▲ +32.31%	Full calendar year
2023	+25.29%	+20.03%	▲ +5.26%	Full calendar year
2024	+31.89%	+11.38%	▲ +20.51%	Jan – Oct (partial, live from Nov)
TOTAL PERIOD	+154.08%	+72.67%	▲ +81.41%	Jan 2021 – Oct 2024 · 46 months