Finance theory suggests that higher return comes with higher risk. This paper examines low risk anomaly in Indian stock markets by using the constituent stocks of S&P CNX 500 index of NSE for a 11-year period starting from 2001 to 2011. Monthly rolling iterations are used to form low and high...

The reforms era of the nineties in India has led to the proliferation of the financial services industry and the introduction of several financial products and services. The myriad products have also given a lot of options to the investors for channelizing their savings. However, the choice of...