MicroCap Review Q1 2022

Page 66

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// By Maneesh Nath

India’s MicroCap Ecosystem India became a $1Trillion economy in 2007, during the past 15 years; it has grown at around 8% per annum and has more than tripled to $3.1 Trillion in 2022.

G

iven the tremendous amount of growth rate in the Indian economy, Indian equity markets have also performed well in the past decade and expect to give good results for the next few decades. So, many new big companies will be coming

out of India for the foreseeable future. Starting from the microcap region, it provides a long runway for the company to grow so it really helps the portfolio performance to find these multi-baggers.

June 2020 to Feb 2022 US Small Cap Stocks Portfolio 1.7 Years Performance Summary:

S.NO.

Ticker

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

CASH SHYF RCM VBTX STC VCTR MED VRTU MITK FFXDF CSIQ SNEX MBUU REGI GRVY VNDA EGO ELA CNXN MHH OESX

S.NO. Symbol 1

Holding Meta Financial Grp Inc The Shyft Group Inc R1 RCM Inc Veritex Holdings Inc Sangoma Technologies Corp Victory Capital Holdings Inc Medifast Inc Virtusa Corp Mitek Systems Inc Fairfax India Holdings Corp Canadian Solar Inc INTL FCStone Inc Malibu Boats Inc Renewable Energy Group Inc GRAVITY Co Ltd Vanda Pharmaceuticals Inc Eldorado Gold Corp Envela Corp PC Connection Inc Mastech Digital Inc Orion Energy Systems Inc

Benchmark

^RUT Russell 2000

66 MicroCap Review Magazine

Inception Price on 1st Jun 2020 (USD) 18.5 16.8 10.8 17.8 1.7 16.6 103.3 30.4 9.4 7.7 18.4 51.2 47.1 28.6 51.2 11.4 8.4 3.5 43.4 18.3 4.5

10th Feb 2022 Since Inception 1st Jun 2020 to Market Price (USD) date (Gain/Loss %) 60 44 27 41 4 37 197 54 16 12 29 77 71 39 65 14 10 4 50 20 4

224% 164% 147% 132% 129% 123% 90% 76% 75% 60% 57% 51% 51% 37% 27% 26% 22% 20% 16% 7% -9%

Index on 1st June 2020

10th Feb 2022 Index Value

73%

1406

2051

46%

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