The brokerage introduced the screens in June. Since, then the growth portfolio (market cap weighted) has outperformed the market by 400 basis points (bps), while the value portfolio has underperformed by 300 bps. ‘Value as a trade’ hasn’t done that well this year. “Our quality approach is best suited to screen for long-term performers.
Indeed, most growth and even value stocks in our lists have outperformed the market over periods greater than two years,” says Abhiram Eleswarapu, head of India equity research, BNP Paribas.