Which factor-based equity investment strategy gave most returns in last 11 years? Here's an annual performance tracker
Steady wins: Low volatility and value shine Alpha and momentum
investment
strategies, which consider outperforming stocks, maintained their ranks among the top three investment strategies in eight out of the last 11 years.
In 2025 so far, the low volatility strategy has taken the lead, outperforming amid market turbulence driven by tariff uncertainties, slowing earnings, export concerns, and high valuations.
The value strategy, which focuses on stocks trading below their fair values, has performed well post-Covid-19 as lower interest rates, pent-up demand and higher government capex aided the share prices of undervalued companies. This strategy is the second-best performer in 2025 year-to-date, following the low volatility strategy.
When considering the average and standard deviation of returns over the last 11 years, the low volatility strategy has the best risk-to-reward ratio.
Live Events
However, the risk-to-reward ratio of the value strategy is less favourable compared to other strategies.
Source:
NSE. *2025 data is year-to-date based on 13 May 2025 closing values. Other years' returns are calculated between the first and the last trading day closing values. Indices considered—Equal weight: Nifty100 equal Weight; Low volatility: Nifty100 Low Volatility 30; Alpha: Nifty200 Alpha 30; Momentum: Nifty200 Momentum 30; Quality: Nifty200 Quality 30; Value: Nifty200 Value 30; Nifty 500: Nifty 500.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Tech could help process Census data within 9 months; mobile apps to be used for count
NEW DELHI: Final population data from Census 2027 may be available as early as the end of 2027, thanks to the 'digital' mode being introduced for capturing and processing datasets in the upcoming exercise. Tired of too many ads? go ad free now Sources in the govt indicated that unlike Census 2011 when it took almost a couple of years for the final population data to be published at the national, state, district and taluk levels, complete with the gender-wise break-up, govt estimates that the time lag between completion of Census in early March 2027 and release of final population data could be as little as nine months. Govt had recently announced March 1, 2027, as the new reference date for the upcoming Census. Though due to start in 2020, the Covid pandemic forced the govt to put the decadal exercise on hold. Census enumerators to use app to collect data Census 2027 will be held in two phases - the house-listing phase in 2026, followed by population enumeration phase in Feb 2027. For the first time, Census data will be collected digitally, using mobile phone apps in 16 languages (Hindi, English and 14 regional languages). These apps are designed to be simple and user-friendly for both the enumerators and citizens, since the latter will also have the option to self-enumerate, the sources said. Enumerators will no longer have to carry bulky paper schedules to the field. With tech use, data to be ready instantly The Census schedules will contain mostly pre-coded responses. On the mobile apps, various options would be available from the dropdown menu. The apps provide a fetching facility to go to a pre-filled Census house record and permit editing the same. The applications will reduce the burden of preparing abstracts, summaries and duplication of other associated work. Tired of too many ads? go ad free now With the help of mobile apps and intelligent character recognition (ICR) data processing mostly used to organise unstructured data, the entire data will be instantly ready for processing without extra logistics of schedules. For the first time, a separate code directory will be provided for enabling easy data collection in respect of several questions asked in the second phase of Census (population enumeration). For questions involving descriptive/non-numeric entries, a separate code directory containing possible responses and codes for each possible answer has been prepared. In tune with digital census, a census management and monitoring system (CMMS) portal has been developed by the Office of RGI for smooth conduct, management and monitoring of the exercise.
Mint
5 hours ago
- Mint
NSE gets Sebi nod to launch electricity derivatives
The National Stock Exchange of India (NSE) has received approval from the markets regulator to launch monthly electricity derivatives contracts, said the exchange in a filing. Plans are underway to gradually introduce contracts for difference (CFDs) and other long-duration electricity derivatives such as quarterly and annual contracts, subject to regulatory approvals, Ashishkumar Chauhan, NSE managind director (MD) and chief executive officer (CEO), said. The filing said that the launch of monthly electricity futures will provide market participants with effective hedging tools against electricity price volatility, enable more accurate price signals in the power sector, and encourage capital investments across the electricity value chain—generation, transmission, distribution, and retail. Electricity derivatives gain prominence as India's journey toward achieving its net-zero emissions target demands substantial investment, estimated at over $250 billion annually until 2047, according to a Niti Aayog report. 'By 2030, renewable energy sources such as solar and wind are expected to contribute over 50% of the nation's installed power capacity. A robust and dynamic electricity derivatives market is essential to attract this scale of climate finance from both domestic and global investors,' the release said. 'A calibrated and phased approach will ensure both market integrity and investor confidence. It is crucial for the spot and futures electricity markets to evolve in tandem to create a virtuous cycle of liquidity and stability. A financially settled futures market will allow participants to hedge their risks effectively, while a robust day-ahead spot market will ensure reliable price discovery,' Chauhan said. 'Our strong understanding of both spot and derivatives markets uniquely positions us to build an integrated and liquid electricity derivatives market,' NSE said in the release. Recently, the Multi Commodity Exchange of India (MCX) also received approval from the Securities and Exchange Board of India (Sebi) to launch electricity derivatives. MCX's shares had risen over 5% and reached a record high of ₹ 7,820 on the BSE after the exchange obtained regulatory clearance to introduce electricity derivatives on 9 June.
Time of India
6 hours ago
- Time of India
Wipro promoter entities swap 1.72% stake worth Rs 4,675 crore
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel New Delhi, About 18.05 crore shares of Wipro , amounting to a 1.72 per cent stake, were exchanged among promoter group entities through open market transactions on Wednesday, according to the exchange the share sale, Wipro shares appreciated by 1.61 per cent to close at Rs 258.95 apiece on the BSE. The stock settled 1.62 per cent higher at Rs 259 per piece on the National Stock Exchange (NSE).According to the block deal data on the NSE, promoter entity Azim Premji Trust sold a total of 18.05 crore equity shares or 1.72 per cent stake in Bengaluru-based Wipro. The transaction valued at around Rs 4,674.77 crore, was executed at an average price of Rs 258.99 per Prazim Traders and Zash Trader (part of Wipro's promoter group) bought these shares at the same Monday, Azim Premji Trust offloaded 20.23 crore equity shares or 1.93 per cent stake in Wipro. The transaction, valued at around Rs 5,057 crore while Premji Invest through its arms Prazim Trading and Investment Company, Hasham Traders and Prazim Traders bought these November last year, Premji Invest through Prazim Trading and Investment Company purchased 8.49 crore shares or 1.6 per cent stake in Wipro for Rs 4,757 crore, while Prazim and Zash Traders offloaded an equal number of shares in the IT company.
