Profits-to-Assets Based Factor Portfolios Outperform the Nifty Index 86% Times On 5-year Rolling Basis

Profits-to-Assets Based Factor Portfolios Outperform the Nifty Index 86% Times On 5-year Rolling Basis

5-year rolling returns

GPTA

5Y

OPTA

5Y

NPTA

5Y

Nifty

TRI 5Y

Based on quantitative backtests. Universe: Top Quartile of NSE Companies by Market Cap, financials excluded. Backtest period: Since July 2007. Returns > 1-year annualized. Returns are after transaction costs, and are calculated on a pre-tax basis. Dividends reinvested. 1-year assumed as 252 trading days.

Chart: CapitalmindSource: Capitalmind, Dataset: FactSet