For many years, researchers have argued that ‘value strategies’ outperform the ‘growth strategies’. In this paper, we have attempted to explore this possibility in the Indian stock market and tried to find the magnitude and pattern of value premium, if any. The results indicated that...

In this paper we did a return based style analysis of equity mutual funds in India using quadratic optimization of an asset class factor model proposed by William Sharpe. We found the 'style benchmarks' of each of our sample of equity funds as optimum exposure to eleven passive asset class...