India

value investing

Magic Formula on Indian Stocks: 17.1% CAGR Over 25 Years of NSE Data

We backtested Greenblatt's Magic Formula on NSE stocks from 2000 to 2025. The strategy returned 17.14% annually vs 11.12% for the Sensex. $10,000 became $587K. Both returns in INR, so the 6.0% excess is a clean same-currency comparison.

Growth of $10,000 invested in High Yield Blue Chips India (BSE) vs Sensex from 2000 to 2025.

dividend investing

High Yield Blue Chips in India: 14.6% CAGR Over 25 Years of BSE Data

The Dogs of the Dow adapted for India. Take the 30 largest BSE stocks by market cap, buy the 10 highest-yielding. Over 25 years, this returned 14.6% annually, beating the Sensex by 3.2% with a 60% win rate.

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