Investors in 2026 have leaned towards Valuation-driven and Alpha-oriented strategies. The Alpha factor has been the standout performer, with stocks that delivered strong historical excess returns continuing to outperform despite volatile markets. The Value strategy has also held up well, as investors increasingly favoured fundamentally inexpensive companies.

The Equal Weight index has remained broadly flat, indicating more dispersed returns, with several smaller constituents either holding steady or generating gains. In contrast, the Nifty 500 has declined 3.8%, reflecting broader market weakness.

On the other hand, Quality and Low Volatility factors have underperformed. Traditionally seen as defensive plays during…