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Can portfolio returns exceed market return? An examination of the efficient market hypothesis for the Indian stock market

Journal of Economics Library, 2019-09, Vol.6 (3), p.159

2019. This work is licensed under http://creativecommons.org/licenses/by-nc/4.0 (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;EISSN: 2149-2379 ;DOI: 10.1453/jel.v6i3.1909

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  • Title:
    Can portfolio returns exceed market return? An examination of the efficient market hypothesis for the Indian stock market
  • Author: Tamal Datta CHAUDHURI ; BHAMRAH, Gulshan Kaur
  • Subjects: Portfolio management ; Stock exchanges
  • Is Part Of: Journal of Economics Library, 2019-09, Vol.6 (3), p.159
  • Description: Abctract. The paper explores the possibility of forming portfolio of stocks that can generate returns higher than the market over a time period. Various principles are used for portfolio formation in the year 2013, and it is examined whether such portfolios have been able to generate excess returns over the next five years. Data has been used for Indian companies which are listed in the National Stock Exchange and Bombay Stock Exchange. Further, our sample consist of companies that have in operation over this period, have earned profits each year, and have consistently paid dividends in each of the years. The period under consideration has seen upswings and downswings, and it is our interest to explore whether our portfolios have been able to generate excess returns. Our results provide interesting insight into portfolio formation and also structuring of mutual funds.
  • Publisher: Istanbul: KSP Journals
  • Language: English
  • Identifier: EISSN: 2149-2379
    DOI: 10.1453/jel.v6i3.1909
  • Source: ProQuest Central

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