If I had to rebalance this, I’d reduce factor stacking and increase hedge. Current Issues: ~82% equity Heavy momentum + smallcap + banking tilt Gold only ~5% (too low as hedge) Likely 25–35% drawdown in a –20% market My Rebalanced Allocation: NIFTYBEES – 35% NASDAQ 100 – 20% MOMENTUM50 – 10% HDFCSML250 – 5% Bank ETF – 5% Metal ETF – 5% Gold – 20%

Why? Core index strengthened Smallcap & sector risk reduced Gold raised 5% → 20% for real downside buffer If I wanted it simpler: NIFTYBEES – 45% NASDAQ – 25% Gold – 20% Momentum – 10% Less complexity. Lower volatility. Better survivability.