MeraFoF

Following up on my post on building the core portfolio, I have decided to track the core portfolio, or MeraFoF as I'll call it. I'm starting with 02 Dec 2010 as the base date. No scientific basis to this date except the fact that the sensex closed near the 20K mark on this date, 19992.7 to be exact. I've 'allocated' around Rs. 3333 to each of the funds identified, and this is what I have...

The portfolio value as of 02 Dec 2010 was Rs. 19,997.
Value as on 03 Jan 2011: Rs 19,962 as against the sensex which closed at 20561. So in the past month while the sensex has gone up by around 3%, MeraFoF has gone down by a fraction of a percent.
Not good. Lets see what happens next month.