1Department of Management Studies, Regional College of Management, Chakadola Vihar, Chandrasekharpur, Bhubaneswar-23, Odisha, India
2Department of Business Administration, Utkal University, Bhubaneswar-4, Odisha, India
*Corresponding author) email id: *biswajit_rt@yahoo.co.in;
A number of investment strategies designed to maximise portfolio growth are tested on a long run Indian equity market. The application of the optimal portfolio techniques produces impressive rate of growth, despite the assumptions of normality. Optimal portfolios are constructed by rebalancing the portfolio weights of four indices and 10 sectors of National stock exchange indices (NIFTY). Purpose - The purpose of this paper is to examine the optimality of the portfolio in the NSE and examine hypothesis of the application of efficient market. Research limitations/implications - The sample of stocks is not large in spite of its comprehensiveness from the local stock market aspect.
Stocks, Portfolio investment, Value analysis, Optimal portfolio, Efficient market, Markowitz theory, Standard deviation, Capital accumulation
