What is the Nifty 200 Momentum 30 Index?
The Nifty 200 Momentum 30 Index aims to track the performance of high momentum stocks by evaluating their price returns over both 6-month and 12-month periods, adjusted for daily price volatility. Stocks are selected based on their momentum scores, which reflect their relative price performance. This index can serve various purposes, including benchmarking and the creation of index funds or ETFs.
Real-World Example of Momentum Index
For example, if Tata Motors shows a significant increase in its stock price over the last year compared to its volatility, it may be included in this index due to its high Normalized Momentum Score.
Key Features of the Nifty 200 Momentum 30 Index
The key features of this Nifty Momentum Index are as follows:
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Focus on Momentum: Selects top-performing stocks based on momentum criteria.
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Broad Coverage: Stocks are picked from the Nifty 200 index.
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Sectoral Diversity: Offers a balanced exposure to multiple sectors.
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Semi-Annual Rebalancing: The index is reviewed twice a year to reflect current market trends.
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Calculation Frequency: The index is calculated in real-time, reflecting immediate market changes.
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Tilt Weighted Methodology: Emphasizes stocks with higher momentum scores.
Information About Nifty 200 Momentum 30 Index
| Particulars |
Details |
| Investment Objective |
Aims to provide exposure to stocks expected to continue performing well based on momentum. |
| Launch Date |
August 25, 2020 |
| No. of Constituents |
30 |
| Base Date |
April 01, 2005 |
| Base Value |
1000 |
| Calculation Frequency |
Real-time |
| Methodology |
Tilt Weighted |
| Index Rebalancing |
Semi-annually |
[Source: nseindia.com] Data updated as of 28 November 2024.
Performance of Nifty 200 Momentum 30 Index
| Index Name |
5-Year Returns |
10-Year Returns |
| NIFTY 200 Momentum 30 Index |
29.7% |
23.3% |
| NIFTY 200 Index |
18.2% |
13.5% |
| NIFTY 50 Index |
16.3% |
12.4% |
| NIFTY Midcap 100 Index |
27.2% |
17.6% |
| NIFTY 500 Index |
19.3% |
13.9% |
*Returns as of 28 November 2024.
Which are the Constituent Stocks of the Nifty 200 Momentum 30 Index?
| Company’s Name |
Weightage (%) |
| Trent Ltd. |
6.78 |
| Bharti Airtel Ltd. |
5.78 |
| NTPC Ltd. |
5.74 |
| Bajaj Auto Ltd. |
5.17 |
| Adani Ports and Special Economic Zone Ltd. |
4.80 |
| Mahindra & Mahindra Ltd. |
4.76 |
| Bharat Electronics Ltd. |
4.67 |
| Siemens Ltd. |
4.64 |
| Coal India Ltd. |
4.51 |
| Tata Motors Ltd. |
4.43 |
[Source: nseindia.com] Data updated as of 28 November 2024.
What are the Sectors Included in the Nifty 200 Momentum 30 Index?
| Top Sectors |
Weightage of Invested Assets |
| Automobile & Auto Components |
23% |
| Capital Goods |
21% |
| Power |
10% |
| Financial Services |
10% |
| Telecommunication |
7% |
| Customer Services |
7% |
| Services |
5% |
| Oil, Gas, & Consumable Fuels |
4% |
| Metals & Mining |
4% |
| Healthcare |
4% |
| Consumer Durables |
3% |
| Information Technology |
1% |
| Realty |
1% |
[Source: nseindia.com] Data updated as of 28 November 2024.
Fundamentals of Nifty 200 Momentum 30 Index
| P/E* |
P/B** |
Dividend Yield |
| 21.82 |
4.60 |
1.51 |
*P/E: Price-to-Earnings Ratio **P/B: Price-to-Book Ratio Data updated as of 28 November 2024.
Nifty 200 Momentum 30 Index Methodology
The Nifty Momentum index works based on the following investment methodology:
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Stock Weight Calculation: Stock weights are calculated by multiplying the free-float market capitalization of each stock with its Normalized Momentum Score. This method is called factor tilt.
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Weight Capping: To ensure balance, no stock weight can exceed 5% of the total index or five times its weight based on free-float market capitalization, whichever is smaller.
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Stock Selection Process: The index selects the top 30 stocks with the highest Normalized Momentum Scores from the Nifty 200 during each review.
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Rebalancing Schedule: The index is updated twice a year—in June and December—to stay aligned with market trends.
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Index Overview: This index started with a base value of 1,000 on April 1, 2005. It acts as a benchmark for products like index funds, ETFs, and structured investments.
How Can You Invest in Nifty 200 Momentum 30 Index Funds Through Policybazaar?
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