← Back to Curriculum

Advanced

Advanced Portfolio Construction: Factor Investing and Smart Beta

A practitioner's course on factor investing for experienced Indian investors who already run a portfolio and want a more deliberate way to construct it. Covers what a factor actually is, how value, momentum, quality, low volatility, size, and dividend yield have behaved on the NSE, how to read the methodology of every major Nifty smart beta index and the funds that track them, and how to combine factors into a multi-factor portfolio around a Nifty 50 core. Closes with the operational realities: turnover, transaction costs on Indian brokers, capital gains tax drag, rebalancing discipline, and regression-based monitoring of your own factor exposure. Built on Screener.in screens, NSE index data, and real Indian fund examples throughout.

Factor InvestingSmart BetaMulti-Factor PortfoliosNifty Factor IndicesPortfolio ConstructionRebalancing and Tax Drag

MODULES

5

DURATION

~3.5 hrs

TRACK

Stock Market Basics

What You'll Master

Separate market beta, factor exposure, and genuine alpha in any portfolio, including your own

Build value, momentum, quality, and low volatility screens on Screener.in that match how NSE factor indices are actually constructed

Read a Nifty smart beta index methodology document and judge whether the fund tracking it is worth owning

Combine factors into a core-satellite multi-factor portfolio with sensible position sizing

Estimate turnover, brokerage, STT, and capital gains tax drag before committing to a factor strategy

Run a simple factor regression to see what is really driving your portfolio's returns

Access Level

LEARNER

Start Learning Now →Sign in to resume

Everything included

Full Text Playbooks

Actionable Exercises

Mobile Reading Mode

Lifetime Updates

Curriculum Breakdown

Chapter 1: From Asset Allocation to Factor Allocation

3 Lessons

What a Factor Actually Is: Beta, Alpha, and Everything in Between10 min read

The Indian Evidence: How Value, Momentum, Quality, and Low Volatility Have Behaved on the NSE11 min read

Factor Premiums and Factor Cycles: Why Patience Is the Price of Admission10 min read

Chapter 2: The Core Factors Applied to Indian Stocks

4 Lessons

Value: Building a Value Screen Beyond Low P/E on Screener.in11 min read

Momentum: The Nifty200 Momentum 30 Method and Its Turnover Problem11 min read

Quality and Low Volatility: The Defensive Factors11 min read

Size and Dividend Yield: Factors That Behave Differently in India10 min read

Chapter 3: Smart Beta in India: Index Funds and ETFs That Do the Work

4 Lessons

Reading a Smart Beta Index Methodology: Selection, Weighting, Caps, and Rebalancing Rules11 min read

Single-Factor vs Multi-Factor Indices: Nifty Alpha Low Volatility 30 and Nifty500 Multicap Momentum Quality 5011 min read

Evaluating a Smart Beta Fund: Tracking Error, Expense Ratio, AUM, and Liquidity10 min read

Cap-Weighted vs Equal-Weighted vs Factor-Weighted: What the Weighting Scheme Does to Your Returns10 min read

Chapter 4: Constructing the Multi-Factor Portfolio

4 Lessons

Factor Correlations and Why Value Plus Momentum Works11 min read

Core-Satellite With Factors: Sizing Factor Tilts Around a Nifty 50 Core12 min read

Mixing vs Integrating: Two Ways to Build a Multi-Factor Portfolio11 min read

Factor Timing: Should You Rotate, and What the Evidence Says10 min read

Chapter 5: Running It: Costs, Taxes, Rebalancing, and Monitoring

4 Lessons

Rebalancing a Factor Portfolio: Frequency, Turnover, and Transaction Costs11 min read

Capital Gains Tax Drag From Factor Turnover: The STCG vs LTCG Math11 min read

Monitoring Factor Exposure: Regression-Based Attribution for Your Own Portfolio12 min read

Case Study: Building a 50 Lakh Factor Portfolio for an HNI Investor, Start to Finish13 min read