Monthly Decode - December 2025 | A Quant-Led Perspective

------------------------------------------------------------------------------------------------------------------ In this Monthly Review, we cover the key developments from December 2025: • Precious metals continued to lead global markets, signalling a shift towards defensive assets. • PSU Banks, Metals, and Autos remained leadership sectors, while expensive pockets struggled. • Momentum and Low Volatility factors stabilised after a choppy quarter. • Valuations cooled towards long-term averages, though select segments remain elevated. • Market breadth stayed mixed, creating opportunities for active, factor-driven strategies. ------------------------------------------------------------------------------------------------------------------ ⚠️ Disclaimer Investments are subject to market risks. Please read all documents carefully before investing. SEBI registration does not guarantee performance or assure returns. Returns displayed are for informational purposes and are not recommendations. Disclosures : https://drive.google.com/file/d/13Km-72A1V-Lr57AlgMZbjGKsYWdpsMRO/view SEBI Registration Number : INH000023144 🌐 Our Website https://factorlab.in/ 🧊Our smallcase strategies Systematic, factor-driven portfolios https://factorlab.smallcase.com/ Join our WhatsApp channel for quick market insights - https://whatsapp.com/channel/0029Vb6yPRD8aKvKg4Ps5D3F Receive our monthly market insights in your inbox - https://newsletter-subscription-form-p9i6.vercel.app Speak with Us Book a 1-on-1 portfolio discussion https://calendly.com/manideepak-factorlab/20min