{"schema":1,"generated_at":"2026-10-08T19:35:19Z","name":"All Weather (Indian approximation): holdings at each month-end","resolution":"month-end","meta":{"spec":"docs/research/models_v1_spec.md","disclaimer":"Rules registered in advance and tracked in public. Not investment advice: a model's holdings describe what its rule says, not what anyone should buy. Backtests before a model's entry date are not evidence of future results.","as_of":"2026-10-06","n_trials":191,"signal_freshness":{"cape":"2026-08-31","yield_gap":"2026-10-08","pe_n500":"2026-10-08"},"notes":["Returns after costs. After-tax figures: resident individual in the 30% slab, Indian capital-gains rules by date, everything sold at the end.","Foreign legs: S&P 500 and Nasdaq-100 price indices in rupees, held through LRS (0.60% each way, 0.10% a year), one session behind the NSE close.","dsr_* is the deflated Sharpe ratio over all counted trials; 0.95 is the usual bar."],"source":"tipsheet models, computed from NSE total-return indices, domestic gold (World Gold Council), the NSE 5-year G-sec index, the 91-day T-bill, and for foreign legs the S&P 500 and Nasdaq-100 in rupees (ECB rates).","assets":{"w_gold":"Gold (domestic, rupees)","w_gsec10":"G-sec 10-year (synthetic, constant maturity)","w_gsec5":"G-sec 5-year (NSE benchmark index)","w_n500":"Nifty 500"}},"dates":["2005-04-29","2005-05-31","2005-06-30","2005-07-29","2005-08-31","2005-09-30","2005-10-31","2005-11-30","2005-12-30","2006-01-31","2006-02-28","2006-03-31","2006-04-29","2006-05-31","2006-06-30","2006-07-31","2006-08-31","2006-09-29","2006-10-31","2006-11-30","2006-12-29","2007-01-31","2007-02-28","2007-03-30","2007-04-30","2007-05-31","2007-06-29","2007-07-31","2007-08-31","2007-09-28","2007-10-31","2007-11-30","2007-12-31","2008-01-31","2008-02-29","2008-03-31","2008-04-30","2008-05-30","2008-06-30","2008-07-31","2008-08-29","2008-09-30","2008-10-31","2008-11-28","2008-12-31","2009-01-30","2009-02-27","2009-03-31","2009-04-29","2009-05-29","2009-06-30","2009-07-31","2009-08-31","2009-09-30","2009-10-30","2009-11-30","2009-12-31","2010-01-29","2010-02-26","2010-03-31","2010-04-30","2010-05-31","2010-06-30","2010-07-30","2010-08-31","2010-09-30","2010-10-29","2010-11-30","2010-12-31","2011-01-31","2011-02-28","2011-03-31","2011-04-29","2011-05-31","2011-06-30","2011-07-29","2011-08-30","2011-09-30","2011-10-31","2011-11-30","2011-12-30","2012-01-31","2012-02-29","2012-03-30","2012-04-30","2012-05-31","2012-06-29","2012-07-31","2012-08-31","2012-09-28","2012-10-31","2012-11-30","2012-12-31","2013-01-31","2013-02-28","2013-03-28","2013-04-30","2013-05-31","2013-06-28","2013-07-31","2013-08-30","2013-09-30","2013-10-31","2013-11-29","2013-12-31","2014-01-31","2014-02-28","2014-03-31","2014-04-30","2014-05-30","2014-06-30","2014-07-31","2014-08-28","2014-09-30","2014-10-31","2014-11-28","2014-12-31","2015-01-30","2015-02-28","2015-03-31","2015-04-30","2015-05-29","2015-06-30","2015-07-31","2015-08-31","2015-09-30","2015-10-30","2015-11-30","2015-12-31","2016-01-29","2016-02-29","2016-03-31","2016-04-29","2016-05-31","2016-06-30","2016-07-29","2016-08-31","2016-09-30","2016-10-30","2016-11-30","2016-12-30","2017-01-31","2017-02-28","2017-03-31","2017-04-28","2017-05-31","2017-06-30","2017-07-31","2017-08-31","2017-09-29","2017-10-31","2017-11-30","2017-12-29","2018-01-31","2018-02-28","2018-03-28","2018-04-30","2018-05-31","2018-06-29","2018-07-31","2018-08-31","2018-09-28","2018-10-31","2018-11-30","2018-12-31","2019-01-31","2019-02-28","2019-03-29","2019-04-30","2019-05-31","2019-06-28","2019-07-31","2019-08-30","2019-09-30","2019-10-31","2019-11-29","2019-12-31","2020-01-31","2020-02-28","2020-03-31","2020-04-30","2020-05-29","2020-06-30","2020-07-31","2020-08-31","2020-09-30","2020-10-30","2020-11-27","2020-12-31","2021-01-29","2021-02-26","2021-03-31","2021-04-30","2021-05-31","2021-06-30","2021-07-30","2021-08-31","2021-09-30","2021-10-29","2021-11-30","2021-12-31","2022-01-31","2022-02-28","2022-03-31","2022-04-29","2022-05-31","2022-06-30","2022-07-29","2022-08-30","2022-09-30","2022-10-31","2022-11-30","2022-12-30","2023-01-31","2023-02-28","2023-03-31","2023-04-28","2023-05-31","2023-06-30","2023-07-31","2023-08-31","2023-09-29","2023-10-31","2023-11-30","2023-12-29","2024-01-31","2024-02-29","2024-03-28","2024-04-30","2024-05-31","2024-06-28","2024-07-31","2024-08-30","2024-09-30","2024-10-31","2024-11-29","2024-12-31","2025-01-31","2025-02-28","2025-03-28","2025-04-30","2025-05-30","2025-06-30","2025-07-31","2025-08-29","2025-09-30","2025-10-31","2025-11-28","2025-12-31","2026-01-30","2026-02-27","2026-03-30","2026-04-30","2026-05-29","2026-06-30","2026-07-31","2026-08-31","2026-09-30","2026-10-06"],"series":{"w_gold":[15.68,14.62,14.9,14.32,14.44,15.02,15.8,16.0,15.85,15.75,15.38,15.66,16.48,18.16,17.12,18.12,17.05,15.98,15.39,15.63,15.43,14.99,16.03,15.45,14.76,13.88,13.65,13.49,13.74,13.87,13.75,13.91,13.82,17.11,17.9,17.99,16.86,18.02,20.18,19.7,18.36,20.55,18.6,19.98,18.65,16.22,17.78,17.27,15.57,14.36,14.33,13.93,14.33,14.17,14.9,15.63,14.68,14.74,15.21,14.6,14.99,15.97,16.02,15.27,16.06,15.73,15.93,16.75,16.52,15.07,15.71,15.21,16.08,16.51,16.01,16.83,19.24,18.78,19.45,20.7,19.73,14.71,14.61,14.32,15.05,15.19,14.86,15.02,15.32,15.0,14.87,14.77,14.23,14.63,14.61,14.61,13.22,13.01,12.25,14.16,16.04,14.88,14.58,14.48,13.74,15.3,15.47,14.23,14.62,12.83,13.0,12.75,12.64,12.05,11.38,11.25,11.45,15.05,14.37,14.44,14.96,14.57,14.41,13.35,14.57,14.02,14.28,13.67,13.56,15.77,17.41,16.69,17.13,16.1,16.94,16.63,16.24,16.25,15.62,15.01,14.97,15.24,15.22,14.51,14.56,14.11,14.06,13.61,13.99,14.21,13.8,13.8,13.69,15.13,15.52,15.6,15.61,15.68,15.43,14.73,14.83,15.23,15.84,14.88,15.19,15.69,15.7,14.61,14.67,14.49,15.18,15.46,16.87,16.37,16.41,16.07,16.4,15.61,16.26,16.94,16.19,15.86,17.79,18.92,18.16,17.88,17.7,16.55,16.44,14.96,14.06,13.33,14.14,14.04,13.45,13.72,13.12,12.55,13.1,13.21,13.01,15.17,16.1,16.12,16.42,16.49,16.59,16.26,15.81,15.8,15.58,15.91,16.48,15.69,15.48,16.33,16.06,15.82,15.1,15.23,15.18,14.71,15.61,15.48,15.16,14.72,14.46,15.35,16.04,15.98,15.51,14.74,15.08,15.45,16.5,15.93,15.85,16.08,16.91,17.09,17.54,17.38,17.32,17.8,18.55,20.27,20.75,21.37,22.39,18.01,17.36,16.94,16.75,17.26,15.55,15.58,17.1,16.44,16.44],"w_gsec10":[40.1,39.67,39.26,38.57,37.54,36.31,37.63,35.99,35.16,38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