It pays to take risk - even in stock markets. Indian stocks might be the most volatile in the world, but returns for investors are also best among all the leading markets globally, including the US, UK and a number of Asian and European countries.According to an analysis of the daily return and volatility in benchmark indices of major global markets over the past one year, investors on the Dalal street have reaped highest returns as compared to their global peers.The Indian market has given a higher return than most of its counterparts despite an equally high level of fear factor - as measured by volatility in daily market movements.The Bombay Stock Exchange's 30-share benchmark index Sensex has given an average daily return of around 0.2% over the past one year, which is twice the return given by its closest rival, the South African index.All other major world stock indices including the US, UK, France, Hong Kong, Singapore, Australia, Malaysia, Mexico and Japan have given a daily average return of below 0.1%.Notwithstanding the high level of gains from the market, Indian investors are still the most worried lot as the volatility ratio of key stock index is the highest here.The good news is daily average volatility has been on a gradual decline over the past few months after surging to as high as 3.25% in June this year. It has been hovering around one per cent level over the past couple of months, except for a few days when it went up to nearly 2%.
