Can you generate alpha without beta? These funds promise to do exactly that SECTIONS Can you generate alpha without beta? These funds promise to do exactly thatBy Chintan Haria, ET CONTRIBUTORS Last Updated: Apr 29, 2021, 01:16 PM IST Share iStock Alpha refers to the excess return that an investment generates relative to the return on the benchmark index at a given risk level. Related As an investor, you must have often been told to be smart about your investment, to take emotions out of the equation and invest in a non-reactive and informed manner. At the same time, we all know how challengi...