Tools
GTAA, India only
One third each to Nifty 500, 5-year G-sec and gold; a sleeve whose month-end level is below its 10-month average sits in cash. It holds 33% G-secs, 67% cash since Sept 2026. From Apr 2005 it returned 9.8% a year after tax, against 12.3% for its benchmark; its worst fall was −18%.
What it holds now
Target since Sept 2026: 33% G-secs, 67% cash.
The numbers behind the decision in force, taken 30 Sept 2026.
| Above its 10-month average by | |
|---|---|
| Nifty 500 | −2.8% |
| G-sec 5-year (NSE benchmark index) | 1.3% |
| Gold (domestic, rupees) | −1.5% |
Its record
Growth of one rupee after costs, before tax, on a log scale, beside its benchmark: equal parts Nifty 500, gold and 5-year G-secs, rebalanced each January. The benchmark holds the assets the rule chooses from but never switches, so the gap is what the rule's timing added or cost. The marks show when the rule was published and when it entered this library; only the stretch after the second mark is free of hindsight. Deciding on a different day of the month would have changed its return before tax from 9.8% to 11.1% a year.
GTAA, India only: growth of one rupee
How to read it. Log scale, so equal slopes are equal returns.
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GTAA, India only: fall from its previous peak
How to read it. How far each was below its own previous high, weekly. The model's worst fall was −18%, against −19% for its benchmark, on daily closes; the weekly line can look a little shallower.
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Apr 2005 to Oct 2026. Percentages except the Sharpe ratio, turnover and tax cost. Deflated Sharpe ratio against the benchmark: 0.00 (0.95 is the usual bar), counting every rule tried.
| This model | Benchmark | |
|---|---|---|
| Return a year, before tax | 10.9 | 13.0 |
| Return a year, after tax | 9.8 | 12.3 |
| Volatility | 7.3 | 8.8 |
| Worst fall | −18.0 | −18.9 |
| Sharpe ratio | 0.6 | – |
| Average share in equity | 24.5 | – |
| Turnover a year | 1.4 | – |
| Tax cost, points a year | 1.1 | – |
The live log holds 2 sessions, 1 of them filled in after the day; its return differs from today's backtest over the same days by 2.06 points.
| Period | Dates | Total return | A year | More |
|---|---|---|---|---|
| Before the rule was published | Apr 2005 to Dec 2007 | 68.7% | 20.9% | |
| Published, before it entered this library | Dec 2007 to Oct 2026 | 446.7% | 9.5% | |
| Since it entered this library (live) | Oct 2026 to Oct 2026 | 0.1% | – |
As an index: Tipsheet GTAA India
The same rule published as an index: total return, before any fund cost, trading cost or tax, set to 1,000 at the end of 2006 like every Tipsheet index. Its launch date is 2 Oct 2026, when the rule entered this library; the lighter line before it is back-calculated. Tipsheet indices are reference series for research only: not official indices, not investable, and not advice.
Tipsheet GTAA India, 1,000 at the end of 2006
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What it held
The share of the model in each asset at every month-end.
GTAA, India only: holdings at each month-end
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The rule
One third each to Nifty 500, 5-year G-sec and gold; a sleeve whose month-end level is below its 10-month average sits in cash.
Faber (2007), A quantitative approach to tactical asset allocation. Rule published 2007; entered this library 2 Oct 2026. It is the portfolio lab's rule, unchanged.
The workings
Data
Every chart has a table view, a CSV download and a link to its published JSON. Bundles are listed in data status.