Comparative Analysis of Value Investing with Momentum Investing and Mi Evergreen Smallcase Investing on Indian Index

Abstract

The paper highlights the returns provided by momentum investing techniques by comparing the NIFTY200 and NIFTY 200 momentum 30 index. Similarly, the returns provided by the value investing portfolios constructed using Piotroski and Graham formulas is compared with MiEvergreen smallcase. The comparison of the returns and CAGR suggested that while the yearly returns differ, the 5-year CAGR of the smallcase was higher than that of the traditionally constructed portfolios giving insights about the volatility and performance under momentum strategy.