R&D-focused stocks deliver over 23% annualised returns in five years, outperform NSE 500: Monarch AIF

What happened: Monarch AIF said Indian companies that increased R&D spending outperformed the NSE 500 TRI over five years. Key numbers: 23.5% average annualised returns over five years; 32.5% for firms combining strong research growth with higher R&D intensity. Why it matters: The findings point to innovation spending as a growing factor for investors, with the strongest returns from companies pairing research growth with higher R&D intensity.

Monarch AIF said Indian companies that increased R&D spending outperformed the NSE 500 TRI over five years.

The findings point to innovation spending as a growing factor for investors, with the strongest returns from companies pairing research growth with higher R&D intensity.