---
title: The Toll-Fenced Market: Documented Anomalies in Indian Equities Replicate but do Not Survive Retail Implementation Costs
url: https://www.ml-quant.com/papers/ssrn/7551520/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-09
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 7551520
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7551520
featured: 2026-10-09
citations: unknown
topic: Trading, Microstructure & Execution
---


# The Toll-Fenced Market: Documented Anomalies in Indian Equities Replicate but do Not Survive Retail Implementation Costs

Well-documented Indian equity anomalies replicate strongly in-sample but all fail to survive 12 to 32 basis point retail transaction costs; required directional accuracy reaches 72% at hourly horizons.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7551520
- Identifier: SSRN 7551520
- Released: 2026-10-03
- First featured: Quant Letter No. 134 (2026-10-09): https://www.ml-quant.com/issues/2026-10-09/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Trading, Microstructure & Execution
- Authors: Karthikeya Voocha

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