Moneyoga Blog: Bonus & Split Strategy
Check out this recent post at the Moneyoga blog: Buying Bonus & Split Candidates: A Profitable Investment Strategy?
We ran a series of tests on historical price data for all NSE stocks. Each time a company declared a bonus or a split, we invested a fixed amount. We held it for a certain period, and then computed the percentage return. At the end of the entire test period, we compared the net return for this strategy (and the worst drawdown) with that for the Nifty-50 index.
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