MARC details
| 000 -LEADER |
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| fixed length control field |
02460nab a2200217 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
180112b xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Agarwalla, Sobhesh Kumar |
| 245 ## - TITLE STATEMENT |
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| Title |
Size, Value, and Momentum in Indian Equities |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Place of publication, distribution, etc |
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| Name of publisher, distributor, etc |
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| Date of publication, distribution, etc |
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| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
211–219 p. |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc |
A quarter century has elapsed since India embarked on the process of economic reforms in 1991. In this article, we look at the post-reform period of the Indian equity market to understand the performance of various investment strategies based on value, size, and momentum factors (Carhart, 1997; Fama & French, 1993, 1996).<br/><br/>Traditionally, investment management consisted of (a) asset allocation (how much to invest in stocks and how much in safer assets like bonds) and (b) security selection (which stocks to buy and sell). The asset allocation decision can be implemented in a passive way: it is possible to buy an indexed fund that provides exposure to equity market without worrying about individual stock picking decisions at all. The second decision (security selection) is inherently a process of active management which involves taking a view on the prospects of individual companies. In recent decades, considerable attention has been focused on factor investing, which is an intermediate between asset allocation and security selection. It takes a more disaggregated view than stocks versus bonds, but it does not go all the way down to individual stocks. It is not quite as passive as buying an indexed fund, but neither is it as active as picking individual stocks. Factor investing is about tilting the portfolio towards (or away from) a large group of stocks (for example, towards small capitalization stocks and away from large capitalization stocks). For institutional investors, this perspective often turns out to be the most important one: in a portfolio of hundreds of stocks, individual stock picks tend to become unimportant (they get diversified), while the systematic tilts in the portfolio (the factor exposures) dominate performance. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Fama French |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Indian equities |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Momentum |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Value |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
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| Personal name |
Jacob, Joshy |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
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| Personal name |
Varma, Jayanth R. |
| 773 0# - HOST ITEM ENTRY |
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| Host Biblionumber |
39826 |
| Place, publisher, and date of publication |
Indian Institute of Management Ahmadabad |
| Other item identifier |
S87441 |
| Title |
Vikalpa: The Journal for Decision Makers; 42(4) Oct - Dec 2017 |
| International Standard Serial Number |
0256-0909 |
| 856 ## - ELECTRONIC LOCATION AND ACCESS |
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| Uniform Resource Identifier |
http://192.168.6.75/libsuite/mm_files/Articles/AR16492.pdf |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Source of classification or shelving scheme |
Dewey Decimal Classification |
| Item type |
Articles |
