Momentum is a thing. For years now, some investors have generated excess returns or alpha over a benchmark index by buying stocks that have done well in the recent past, and likewise getting rid of laggards in their portfolio. For investors using momentum investing strategies in India, things have gotten even better this year. While the Nifty 50 index has risen 52% from its March lows, the Nifty Alpha 50 index has risen 79%. What’s more, in the market’s fall between mid-February and end-March, both indices fell at the same pace. As a result, the Nifty Alpha 50 index has ended up outperforming the broad market by nearly 30% this year.
Nine big financial changes that you must watch out for in October
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