New Delhi, Aug. 31 -- Factor investing has emerged as an approach that groups stocks based on specific characteristics such as momentum, quality, value, volatility, and sensitivity to market movements.

Rather than selecting stocks only by sector or market capitalisation, factor-based strategies seek to capture the performance associated with these characteristics.

Data from the PL Asset Management - PMS Monthly Newsletter shows that High Beta and Value were the strongest-performing factors over the past one year, significantly outperforming the broader Nifty 500 during the period.

The High Beta factor delivered a 21.66% return over 12 months, while Value gained 16.50%. Both were well ahead of the 2.38% return delivered by the Nifty 500...