Portfolio Selection and Performance Evaluation Through Benjamin Graham’s Value Investing

Keywords: Value Investing, The Margin Of Safety, Fundamental Analysis, Nifty Index, Portfolio, Dow Jones.


Purpose: The objective of this study is to validate the value investing concerning filtering valued stock in the Indian stock market (Nifty 50) & United States (Dow Jones) during the period 2014 -20.

Design /Methodologies/Approach:  We have selected the data of the National Stock Exchange and Dow Jones to apply the value investing technique for choosing the stocks and building a significant portfolio. Further, we compare the mean returns of B & H passive strategy. The empirical analysis includes the selected portfolio from Jan 2014 to May 2020.

Results & Practical Implication: The mean return of portfolio selected by Value investing outperform as comparative to passive strategy, i.e. Buy & Hold strategy. The successful application of value investing will encourage the practitioners & academicians of financial markets to research & explore further uses & practical impact of the present study.

JEL Classification Codes: F37.                          

Author Biographies

Vinay K. Srivastava, Institute of Technology & Science, India

Associate Professor

Institute of Technology & Science, Ghaziabad, India

E-mail: [email protected]

Nitin Kulshrestha, Raffles University, India

Research Scholar

Alabbar School of Management

Raffles University, Neemrana, Raj., India

E-mail: [email protected]


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How to Cite
Srivastava, V. K., & Kulshrestha, N. (2020). Portfolio Selection and Performance Evaluation Through Benjamin Graham’s Value Investing. Indian Journal of Finance and Banking, 4(2), 11-16. https://doi.org/10.46281/ijfb.v4i2.688
Regular Research Article/ Short Communication Article