Experiment with Low Volatility

With low volatility approach, one would tend to invest in stocks with either Low SD and/or Low Beta.
It will result into a portfolio with Asian Paints, Pidilite, HDFC Bank, Kotak Bank, TCS, HCL TECH, Marico, V-Guard, VST Industries and many others.
Most of these are good compounders. This approach will not able to detect future compounders as an investor will reply on historical data.

But even with this approach, I can see that, an investor would have compounded his/her portfolio with much higher returns than Index.

I am not sure whether back testing can be used to prove that, low volatility investing can result into good returns with lower risk all the time. Mostly returns will be less in years like 2007, 2021 but it will protect the downside in years like 2008, 2020, 2018-19.

I am analyzing such stocks for my study.

I do not have investments in all the stocks mentioned.