What is the NIFTY Midcap 150 Momentum 50 Index in 2024?
The NIFTY Midcap 150 Momentum 50 Index is a market index designed to track the performance of a specific set of mid-cap companies listed on the National Stock Exchange of India (NSE). This index focuses on 50 mid-cap companies from the broader Nifty Midcap 150 index. These 50 companies are chosen based on their momentum, which is their recent price performance adjusted for volatility.
Performance of NIFTY Midcap 150 Momentum 50 and Other Indices
Nifty Midcap 150 Momentum 50 Index has outperformed the NIFTY Midcap 150 Index 100% of the time over the 1-year, 5-year and since inception.
| Index Name |
3-Year Returns |
5-Year Returns |
10-Year Returns |
| NIFTY Midcap 150 Momentum 50 |
31.4% |
37.0% |
26.3% |
| NIFTY Midcap 150 |
27.4% |
31.2% |
20.2% |
| NIFTY Smallcap 250 |
27.5% |
32.8% |
17.2% |
| NIFTY Smallcap 250 Quality 50 |
29.5% |
36.1% |
21.3% |
| NIFTY 50 |
15.4% |
19.4% |
13.6% |
[Source: nseindia.com] The above-mentioned returns are total returns. *Data updated as of 27 September 2024.
Which are the Constituent Stocks of NIFTY Midcap 150 Momentum 50?
| Company’s Name |
Weightage (%) |
| Dixon Technologies (India) Ltd. |
4.79 |
| Cummins India Ltd. |
4.38 |
| Oil India Ltd. |
4.17 |
| Bharat Heavy Electricals Ltd. |
3.84 |
| Lupin Ltd. |
3.61 |
| BSE Ltd. |
3.46 |
| PB Fintech Ltd. |
3.37 |
| Indus Towers Ltd. |
3.32 |
| Rail Vikas Nigam Ltd. |
3.21 |
| Voltas Ltd. |
2.99 |
[Source: nseindia.com] Data updated as of 27 September, 2024.
What are the Sectors Included in NIFTY Midcap 150 Momentum 50?
| Top Sectors |
Weightage of Invested Assets |
| Capital Goods |
21.10% |
| Financial Services |
13.33% |
| Realty |
10.41% |
| Consumer Durables |
8.52% |
| Power |
8.44% |
| Healthcare |
8.28% |
| Metals & Mining |
7.03% |
| Oil, Gas & Consumable Fuels |
5.53% |
| Automobile and Auto Components |
4.57% |
| Construction Materials |
3.21% |
| Chemicals |
3.03% |
| Telecommunication |
3.17% |
| Information Technology |
1.98% |
| Services |
1.39% |
[Source: nseindia.com] Data updated as of 27 September, 2024.
What Are the Returns of NIFTY Midcap 150 Momentum 50?
| Index Returns (%) |
QTD** |
YTD** |
1 Year |
5 Years |
Since Inception |
| Price Return |
5.84 |
35.71 |
65.01 |
38.97 |
24.11 |
| Total Return |
5.97 |
36.34 |
76.44 |
39.93 |
25.39 |
[Source: nseindia.com] Data updated as of 27 September, 2024. **QTD, YTD and 1-year returns are absolute returns. Returns for greater than one year are CAGR returns.
Is NIFTY Midcap 150 Momentum 50 Benchmark a Smart Investment Option?
The NIFTY Midcap 150 Momentum 50 can be a smart investment for investors looking for growth, diversification, and exposure to high-growth companies.
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High Returns: The fund has achieved high total returns of 25.39% since its inception in 2022. This might be attractive for investors seeking higher returns than traditional index funds.
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Focus on Momentum: The fund invests in 50 mid-cap companies with strong recent price momentum, which can outperform the broader market during bull runs.
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Diversification: Investing in 50 different companies offers diversification across different sectors and industries, managing risk compared to single-stock investments.
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Systematic Approach: The index follows a systematic and rule-based approach in selecting and weighing stocks. This can attract investors who prefer a disciplined investment strategy rather than relying solely on subjective judgments.
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Passively Managed: As an index fund, it has lower fees compared to actively managed funds and eliminates the risk of manager underperformance.
NIFTY Midcap 150 Momentum 50 Fundamentals
| P/E* |
P/B** |
Dividend Yield |
| 36.11 |
5.86 |
0.82 |
*P/E: Price-to-Earnings Ratio **P/B: Price-to-Book Ratio Data updated as of 27 September, 2024.
NIFTY Midcap 150 Momentum 50 Methodology
The midcap momentum index follows the below-mentioned methodology:
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Index Inclusion: Stocks must be part of or set to join the Nifty Midcap 150 during the review.
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Listing History: A minimum listing history of 1 year is required as of the cut-off date.
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Circuit Limitations: Non-F&O stocks are ineligible if they hit upper or lower circuit limits in 20% or more of trading days in the past 6 months.
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Selection of Companies: The index comprises 50 companies selected based on the highest Normalized Momentum Score.
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Weight Calculation: Stock weight is derived by multiplying the free float market cap by the Normalized Momentum Score.
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Weight Caps: Each stock's weight is capped at 5% or 5 times its weight based on free float market cap, with adjustments made semi-annually.
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Management Structure: The index is managed by a professional team under a three-tier governance structure, including the Board of Directors, Index Advisory Committee, and Index Maintenance Sub-Committee.
How to Invest in NIFTY Midcap 150 Momentum 50 Fund Through Policybazaar?
Follow the steps below:
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Step 5: Select "Invest Now" and proceed by following the prompts displayed on the screen to finalise your purchase.
Step 6: Provide the required KYC details and complete the payment procedure.
Step 7: Upon successful payment, you will receive confirmation of your purchase.
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