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Systematic investment plans vs market-timed investments

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  • Renuka Venkataramani
  • Parthajit Kayal

Abstract

This paper examines the performance of the Systematic Investment Plan (SIP) and different market timing strategies. The components of the NIFTY50 index are considered for the analysis. The empirical results suggest SIP as a suitable investment strategy for long-term investments and for the stocks belonging to least and moderately volatile. During shocks, absolute momentum investment is a superior short-term investment strategy for highly volatile sectors. Fundamental values also play an important role in deciding the suitable investment strategy. Over the long run, stocks with a higher return on capital employed (ROCE), favours the SIP investment strategy.

Suggested Citation

  • Renuka Venkataramani & Parthajit Kayal, 2023. "Systematic investment plans vs market-timed investments," Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 16(1), pages 157-176, January.
    • Handle: RePEc:taf:macfem:v:16:y:2023:i:1:p:157-176
    DOI: 10.1080/17520843.2021.1969086
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