TY - GEN AU - CHAWLA, DEEPAK AU - BASU, DEBARATI TI - Empirical test of the three factor model: Indian stock market PY - 2012/// KW - EMPIRICAL TEST N2 - With increasing doubts over tha capabilities of the existing asset pricing models, Fama and French in the 1990s, developed the Three Factor Model (TFM) aas an extention to CAPM with two added premiums: size and value. This paper applies TFM theoryto India to provide an insight into its validity in an emerging market.Thus it can be conducted that TFM is not good fit in India over the chosen sample period ER -