@R_Sawkar As I have mentioned previously also, I do not have the resource to do any backtesting.
However, I can say that the reason for having 25 stocks (and not 10) is to minimise the risk. When you have 10 stocks only, the allocation is 10% for each stock. If and when it falls, it can affect the overall pf a lot. Whereas, when you have 25 stocks, the allocation is just 4% per stock and hence risk is less.
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