Ten stocks from across the market-cap spectrum. Every month, without exception.
The model scores a 750-stock universe spanning large, mid, small and micro caps each month using our proprietary multi-factor framework. The top 10 — the highest-conviction names regardless of size — are selected and held in equal weight until the next rebalance. No overrides, no exceptions, no gut calls.
The 5-year backtest delivered 64.2% CAGR vs a 17.26% Nifty 500 Index benchmark — a +46.95% annual alpha. The Sharpe ratio of 1.55 reflects strong risk-adjusted returns, not just raw performance. Maximum drawdown was -25.4% versus the benchmark.
750-stock full-cap universe
Spans large, mid, small and micro caps — the model can select the strongest names anywhere across India's listed market.
Multi-factor scoring
A proprietary blend of academically validated factor signals ranks every stock each month. Composition and weighting are MindForge IP.
10-stock concentration
Only the ten highest-conviction names make the cut, each held at equal weight. Concentrated by design — built for return, not closet-indexing.
Rules over hunches
The model runs identically every cycle. Output is a portfolio — not a thesis, not a call, not a discretionary tweak.
Full performance analysis
Backtest period: May 2021 → May 2026 · Benchmark: Nifty 500 Index · 64.2% CAGR vs 17.26% benchmark · Beats benchmark 64% of months. Simulated performance, not live trading. Past performance is not indicative of future returns.