Motilal Oswal Annual Wealth Creation Study By Raamdeo Agarwal

Welcome to the Motilal Oswal Wealth Creation Study — a flagship research initiative led by India’s renowned investor, Mr. Raamdeo Agarwal. For over two decades, this study has served as a trusted guide for investors seeking to uncover long-term wealth creation opportunities in the Indian stock market.

At its core lies the proven QGLP framework — Quality, Growth, Longevity, and Price — a research-driven strategy that evaluates companies across financial strength, scalability, sustainability, and valuation. The study goes beyond stock performance, offering deep insights into business models, operational efficiency, and management quality.

Each edition of the Wealth Creation Study identifies over 100 listed Indian companies that have delivered exceptional returns over a five-year period. Through detailed analysis of market behavior, emerging trends, and sectoral shifts, the study not only highlights the biggest wealth creators but also introduces the “Next Wealth Generation” — a curated list of potential future outperformers.

Whether you're a retail investor or an institutional strategist, this study is your go-to resource for building a well-informed, long-term investment portfolio. Explore the data. Understand the patterns. Make smarter investment decisions.

Past Research Studies

Access our comprehensive collection of wealth creation studies, sector analyses, and investment guides. Login to your account or open a new Demat account to download any report.
29th Annual Wealth Creation Study
(2019-2024)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc29.pdf
28th Annual Wealth Creation Study
(2018-2023)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc28.pdf
27th Annual Wealth Creation Study
(2017-2022)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc27.pdf
26th Annual Wealth Creation Study
(2016-2021)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc26.pdf
25th Annual Wealth Creation Study
(2015-2020)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc25.pdf
24th Annual Wealth Creation Study
(2014-2019)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc24.pdf
23rd Annual Wealth Creation Study
(2013-2018)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc23.pdf
22nd Annual Wealth Creation Study
(2012-2017)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc22.pdf
21st Annual Wealth Creation Study
(2011-2016)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc21.pdf
20th Annual Wealth Creation Study
(2010-2015)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc20.pdf
19th Annual Wealth Creation Study
(2009-2014)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc19.pdf
18th Annual Wealth Creation Study
(2008-2013)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc18.pdf
17th Annual Wealth Creation Study
(2007-2012)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc17.pdf
16th Annual Wealth Creation Study
(2006-2011)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc16.pdf
15th Annual Wealth Creation Study
(2005-2010)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc15.pdf
14th Annual Wealth Creation Study
(2004-2009)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc14.pdf
13th Annual Wealth Creation Study
(2003-2008)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc13.pdf
12th Annual Wealth Creation Study
(2002-2007)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc12.pdf
11th Annual Wealth Creation Study
(2001-2006)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc11.pdf
10th Annual Wealth Creation Study
(2000-2005)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc10.pdf
9th Annual Wealth Creation Study
(1999-2004)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc09.pdf
8th Annual Wealth Creation Study
(1998-2003)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc08.pdf
7th Annual Wealth Creation Study
(1997-2002)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc07.pdf
6th Annual Wealth Creation Study
(1996-2001)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc06.pdf
5th Annual Wealth Creation Study
(1995-2000)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc05.pdf
4th Annual Wealth Creation Study
(1994-1999)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc04.pdf
3rd Annual Wealth Creation Study
(1993-1998)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc03.pdf
2nd Annual Wealth Creation Study
(1992-1997)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc02.pdf
1st Annual Wealth Creation Study
(1991-1996)
/content/dam/mofsl-website-adobe/investor-relations/wealth-creation/wc01.pdf