What is the Nifty500 Multicap Momentum Quality 50 Index?
The NIFTY500 Multicap Momentum Quality 50 Index is a stock market index designed to capture the performance of 50 companies from the NIFTY 500 universe. These companies are selected based on two key factors: momentum and quality.
-
Momentum refers to stocks that have shown strong price trends over a recent period.
-
Quality focuses on companies with robust financials, including high profitability, stable earnings, and efficient management practices.
The index includes large-cap, mid-cap, and small-cap stocks, offering diversified exposure. It is regularly updated to keep only those companies that meet the momentum and quality standards.
Key Features of the NIFTY500 Multicap Momentum Quality 50 Index
A brief summary of the key features of the NIFTY500 Multicap Momentum Quality 50 Index is as follows:
-
Stock Selection: Includes 50 companies from large, mid, and small-cap segments based on momentum and quality factors.
-
Momentum Criteria: Evaluate stocks on 6-month and 12-month price returns, adjusted for volatility.
-
Quality Criteria: Considers Return on Equity (ROE), Debt-to-Equity ratio, and variability in Earnings Per Share (EPS) over five years.
-
Weighting: Combines free-float market capitalization with momentum-quality scores. Individual stock weights are capped at 5% during rebalancing.
-
Rebalancing: The index is reconstituted semi-annually in June and December.
-
Variant: Also available as the NIFTY500 Multicap Momentum Quality 50 Total Returns Index.
-
Use Cases: Serves as a benchmark for portfolios, and a base for index funds, ETFs, and structured products.
Information About NIFTY500 Multicap Momentum Quality 50 Index
| Particulars |
Details |
| Objective |
Tracks the performance of large, mid, and small-cap stocks selected based on a blend of momentum and quality factors. |
| Launch Date |
September 04, 2024 |
| No. of Constituents |
50 |
| Base Date |
April 01, 2005 |
| Base Value |
1000 |
| Calculation Frequency |
End of day |
| Methodology |
Tilt Weighted |
| Index Rebalancing |
Semi-Annually |
[Source: nseindia.com] Data updated as of 29 October 2024.
Performance of NIFTY500 Multicap Momentum Quality 50 Index
| Index Name |
3-Year Returns |
5-Year Returns |
10-Year Returns |
| NIFTY 500 Multicap Momentum Quality 50 Index |
31.8% |
33.3% |
24.9% |
| NIFTY Midcap 250 Index |
24.0% |
33.7% |
18.2% |
| NIFTY Smallcap 150 Index |
23.1% |
31.7% |
20.8% |
| NIFTY 500 Index |
15.7% |
21.9% |
15.6% |
| NIFTY 50 Index |
12.2% |
18.2% |
13.8% |
*Returns as of 29 October 2024.
Which are the Constituent Stocks of the NIFTY500 Multicap Momentum Quality 50 Index?
| Company’s Name |
Weightage (%) |
| Bajaj Auto Ltd. |
6.32 |
| Coal India Ltd. |
5.26 |
| REC Ltd. |
5.09 |
| Hero MotoCorp Ltd. |
5.02 |
| Power Finance Corporation Ltd. |
4.90 |
| Dr. Reddy's Laboratories Ltd. |
4.78 |
| Bharat Electronics Ltd. |
4.51 |
| Cummins India Ltd. |
4.47 |
| Varun Beverages Ltd. |
4.46 |
| Dixon Technologies (India) Ltd. |
4.45 |
[Source: nseindia.com] Data updated as of 29 October 2024.
What are the Sectors Included in the NIFTY500 Multicap Momentum Quality 50 Index?
| Top Sectors |
Weightage of Invested Assets |
| Capital Goods |
30.16% |
| Financial Services |
19.99% |
| Automobile and Auto Components |
12.63% |
| Oil, Gas & Consumable Fuels |
9.19% |
| Healthcare |
6.42% |
| Fast Moving Consumer Goods |
5.67% |
| Consumer Durables |
4.45% |
| Chemicals |
3.63% |
| Information Technology |
2.72% |
| Metals & Mining |
2.55% |
| Construction |
2.18% |
| Consumer Services |
0.26% |
| Services |
0.15% |
[Source: nseindia.com] Data updated as of 29 October 2024.
NIFTY500 Multicap Momentum Quality 50 Index Fundamentals
| P/E* |
P/B** |
Dividend Yield |
| 23.69 |
5.77 |
1.39 |
*P/E: Price-to-Earnings Ratio **P/B: Price-to-Book Ratio Data updated as of 29 October 2024.
How Can You Invest in Nifty500 Multicap Momentum Quality 50 Index Fund through Policybazaar?
Investing in this fund through Policybazaar is simple and can be completed in just a few steps. Follow the instructions below to make your investment seamlessly.
Step 1- Enter Your Details: Fill in your name and contact number in the form provided.
NOTE: Your personal information is safe and will only be used to tailor plan options for you.
Step 2- Add Basic Information: Provide additional details such as your city, age, and name for a more personalized plan comparison.
Step 3- Compare Plans: Explore and evaluate different plans based on their performance, ratings, and other key factors to find the best fit.
Step 4- Choose Max Life Plans: Look for options under Max Life Insurance that offer the NIFTY500 Multicap Momentum Quality 50 Index Fund.
Step 5- Click "Invest Now": Select the "Invest Now" button and follow the on-screen prompts to continue with your investment.
Step 6- Complete KYC and Payment: Provide the required KYC documents and proceed with the payment process to finalize your purchase.
Step 7- Receive Confirmation: Once your payment is successful, you will receive a confirmation message verifying your investment.
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
Compare & Choose 30+ Plans and 150+ Fund options
