NIFTY Midcap 150 Momentum 50 Index

The Nifty Midcap 150 Momentum 50 Index tracks the top 50 companies in the Nifty Midcap  150 based on their Normalized Momentum Score, offering investors a view of high-performing midcap entities.

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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.

Key Features of NIFTY Midcap 150 Momentum 50 Index

  • Tracks the performance of the top 50 companies out of a universe of 150 mid-cap stocks.

  • Selects companies based on their normalized momentum score, which is determined based on their 6-month and 12-month price return, adjusted for volatility.

  • Stock weights are based on a combination of the stock's normalized momentum score and it's free-float market capitalization.

  • Capped at the lower of 5% or 5 times the weight of the stock in the index based only on free-float market capitalization. 

  • Rebalanced semi-annually in June and December.

  • Can be used for various purposes, such as benchmarking and the creation of index funds, ETFs, and structured products.

Highlights of the NIFTY Midcap 150 Momentum 50 Index

  • Base Date and Value: The NIFTY Midcap 150 Momentum 50 Index was established on April 01, 2005, with a base value of 1000.

  • Eligibility Criteria: Stocks within the Nifty Midcap 150 are considered for inclusion. However, non-F&O stocks with a circuit filter hit of 20% or more on at least 20% of trading days in the past 6 months are ineligible.

  • Stock Selection: 50 stocks are chosen based on a high Normalized Momentum Score.

  • Weighting Methodology: The weight of each stock is determined using the factor tilt methodology, which is calculated by multiplying the free float market cap with the normalized momentum score.

  • Weight Caps: Stock weights are capped at the lower of 5% or 5 times the stock's weight in the index based on free-float market capitalization.

  • Turnover Reduction: A buffer, based on Normalized Momentum Score ranks, is applied to minimize turnover.

  • Reconstitution Frequency: The index is reconstituted semi-annually in June and December.

Information About NIFTY Midcap 150 Momentum 50

Particulars Details
Launch Date 16 August 2022
No. of Constituents 50
Base Date 1 April 2005
Base Value 1000
Calculation Frequency End of Day
Methodology Tilt Weighted 
Index Rebalancing Semi-Annually

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  1-Year Returns 5-Year Returns Since Inception 
NIFTY Midcap 150 Momentum 50 35.1% 33.3% 28.6%
NIFTY Midcap 150  57.54% 23.33% 17.77%
NIFTY Smallcap 250 64.15% 22.54% 16.44%
NIFTY 50 30.08% 15.28% -

[Source: nseindia.com] The above mentioned returns are total returns. Data updated as of April 30, 2024.

Why Choose Ipru MidcapWhy Choose Ipru Midcap

Which are the Constituent Stocks of NIFTY Midcap 150 Momentum 50?

Company’s Name  Weightage (%)
REC Ltd. 5.10
Lupin Ltd. 4.74
Power Finance Corporation Ltd. 4.74
Aurobindo Pharma Ltd. 4.57
Bharat Heavy Electricals Ltd. 4.40
Indian Railway Finance Corporation Ltd. 3.47
Jindal Stainless Ltd. 3.44
Polycab India Ltd. 3.23
Supreme Industries Ltd. 3.11
NMDC Ltd 3.02

[Source: nseindia.com] Data updated as of April 30, 2024.

What are the Sectors Included in NIFTY Midcap 150 Momentum 50?

Top Sectors Weightage of Invested Assets
Financial Services 28.63%
Healthcare 18.76%
Capital Goods  16.89%
Realty 9.30%
Metals & Mining 6.46%
Automobile and Auto Components  5.57%
Chemicals 4.47%
Information Technology  4.14%
Power 3.86%
Textiles  0.62%
Construction Materials  0.57%
Media, Entertainment & Publication  0.49%
Consumer Durables 0.26%

[Source: nseindia.com] Data updated as of April 30, 2024.

What Are the Returns of NIFTY Midcap 150 Momentum 50?

Index Returns (%) QTD** YTD** 1 Year 5 Years Since Inception
Price Return 7.68 17.08 75.03 32.51 23.62
Total Return 7.68 17.37 76.44 33.49 24.91

[Source: nseindia.com] **QTD, YTD and 1-year returns are absolute returns. Returns for greater than one year are CAGR returns. Data updated as of April 30, 2024.

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. 

  • High Returns: The fund has achieved high returns since its inception in 2022, delivering returns of 24.91%. This might be attractive for investors seeking higher returns than traditional index funds.

  • 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.

  • Diversification: Investing in 50 different companies offers diversification across different sectors and industries, managing risk compared to single-stock investments.

  • 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.

  • 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 
25.6 4.26 0.87

*P/E: Price-to-Earnings Ratio
**P/B: Price-to-Book Ratio
Data updated as of April 30, 2024.

NIFTY Midcap 150 Momentum 50 Methodology

  • Stocks considered for the index are those part of or set to be part of the Nifty Midcap 150 during the review.

  • Minimum listing history of 1 year as of the cut-off date.

  1. Exclusion Criteria:

    Non-F&O stocks within Nifty Midcap 150 are ineligible if instances of hitting the upper or lower circuit in the past 6 months are 20% or more of the total trading days.

  2. Index Composition:

    Comprises 50 companies selected based on the highest Normalized Momentum Score.

  3. Weight Calculation:

    Stock weight is derived by multiplying the free float market cap with the Normalized Momentum Score.

  4. Capping:

    • Each stock is capped at the lower of 5% or 5 times its weight in the index based on free float market capitalization.

    • Capping done semi-annually during rebalancing.

  5. Rebalancing:

    Index rebalanced semi-annually, using data up to the last trading day of May and November.

  6. Quarterly Weight Capping:

    Weight of index constituents capped quarterly in June and December.

  7. Governance Structure:

    • Managed by a professional team under a three-tier governance structure.

    • Structure includes the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity), and the Index Maintenance Sub-Committee.

Why ICICI Pru Midcap 150 Momentum 50 Index FundWhy ICICI Pru Midcap 150 Momentum 50 Index Fund

Plans having NIFTY Midcap 150 Momentum 50 Index as Benchmark

  1. Tata AIA Life Midcap Momentum Index Fund

    The Tata AIA Life Midcap Momentum Index Fund - a dynamic market-linked fund designed to mirror the benchmark Nifty Midcap 150 Momentum 50 Index. This exclusive NFO, running from June 1 to June 15, 2024, aims to replicate the performance of the NIFTY midcap 150 momentum 50 index. Comprising 50 high-momentum mid-cap stocks selected based on their returns over the past 6 and 12 months, this fund offers investors the opportunity to capitalize on the growth potential of dynamic mid-sized companies listed on the NIFTY stock exchange.

  2. HDFC Life Midcap Momentum Fund

    The HDFC Life Midcap Momentum Fund March 2024 is a new investment option from HDFC Life Insurance. It aims for long-term capital growth by focusing on mid-cap stocks with strong growth potential. Following a momentum investing approach, it targets top-performing mid-cap companies expected to continue growing, tracking the Nifty Midcap 150 Momentum 50 benchmark index for stock selection.

  3. ICICI Pru Midcap 150 Momentum 50 Index Fund

    ICICI Pru Midcap 150 Momentum 50 Index Fund is a fund by ICICI Prudential Life Insurance, which was launched on 19th Feb 2024. This fund is a passively managed fund that tracks the Nifty Midcap 150 Momentum 50 Index.

    This fund aims to achieve excellent long-term profits, we aim to invest in high-performing mid-sized companies that pay dividends, particularly those included in the Nifty Midcap 150 index.

  4. Max Life Capital Guarantee & Online Saving Plans

    The Max Life Momentum Index Fund is an addition to the market-linked funds by Max Life Insurance, designed to capitalize on high-growth potential mid-cap stocks.

    This fund has a primary objective of attaining long-term capital appreciation by strategically investing in the top 50 mid-cap companies, identified through their momentum scores indicating strong growth prospects.

  5. Tata Nifty Midcap 150 Momentum 50 Index Fund

    The Tata Nifty Midcap 150 Momentum 50 Index Fund was launched on 20 October 2022 by Tata Mutual Fund. This fund mirrors the Nifty Midcap 150 Momentum 50 Index, focusing on the top 50 stocks exhibiting strong momentum from a pool of 150 midcap stocks.

    • Investment Approach:

      Focused on the mid-cap segment's earnings stability and growth potential, the fund taps into emerging industry leaders and key investment themes.

    • Momentum Strategy:

      Using a rule-based Momentum Investing system, the fund aims to outperform by capitalizing on past returns and the herd behavior of investors.

How to Invest in NIFTY Midcap 150 Momentum 50 Fund Through Policybazaar?

Follow the steps below:

Step 1: Enter your name and contact number in the form available on this page. 

NOTE: Your credentials are completely secure and will be used to provide you with personalised plan benefits.

Step 2: Input essential information such as your city, age, and name.

Step 3: Compare various plans using criteria like their performance, ratings, and other relevant information.

Step 4: Select from a range of insurers such as HDFC, ICICI, Max Life, and more to take advantage of the NIFTY Midcap 150 Momentum 50 Fund.

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.

NIFTY Midcap 150 Momentum 50 Index - FAQs

  • What is the 5-year return of Nifty Midcap 150 Momentum 50 Index?

    The 5-year returns of Nifty Midcap 150 Momentum 50 Index is 31.05%.
  • Is the Nifty Midcap 150 Momentum 50 Index Fund good?

    Yes, Nifty Midcap 150 Momentum 50 Index Funds can be good for investors seeking:
    • Growth: Mid-cap companies have the potential for higher growth than large-cap companies.

    • Diversification: The fund offers exposure to 150 mid-sized companies, reducing risk compared to single-stock picking.

    • Low cost: Index funds typically have lower expense ratios compared to actively managed funds.

  • What is the launch date of Nifty Midcap 150 Momentum 50 Index?

    The 5-year returns of the Nifty Midcap 150 Momentum 50 Index is 33.49% (total returns).
  • What are the returns of Max Life Nifty Midcap 150 Momentum 50 Index Fund Direct Growth?

    The Nifty Midcap 150 Momentum 50 Index is the underlying index of Max Life Nifty Midcap 150 Momentum 50 Index Fund. As of 31 January 2024, this benchmark index is providing 29.1% returns in the last 5 years and 26.9% returns over the 10 year period.
  • Is there a lock-in period for ICICI Pru Life Nifty Midcap 150 Momentum 50 Index Fund?

    There is no lock-in period for investing in the ICICI Pru Life Nifty Midcap 150 Momentum 50 Index Fund. You can always switch your funds within the chosen ICICI Pru Life investment plan as per your investment strategy.
  • What is a midcap 150 momentum 50 index?

    Nifty Midcap 150 Momentum 50 in India is a specific type of stock market index that focuses on mid-cap companies with strong momentum. The Nifty Midcap 150 Momentum 50 index aims to capture the performance of the most promising mid-cap companies based on their recent upward price movement.
  • What is the price of Nifty Midcap 150 momentum 50 today?

    The Nifty Midcap 150 Momentum 50 index does not have a direct price like individual stocks. Instead, it is a performance benchmark that tracks the price movements of the 50 most promising mid-cap stocks based on recent momentum.
  • How are the stocks selected?

    Stocks are chosen based on their Normalized Momentum Score, which considers both 6-month and 12-month price returns, adjusted for volatility. Higher scoring stocks are more likely to be included.
  • What are the weights of the stocks in the index?

    Each stock's weight is determined using a factor tilt methodology. This means the weight is based on a combination of the stock's free-float market capitalization (size) and its Normalized Momentum Score. This aims to balance exposure to both large and momentum-strong companies.
  • What are the benefits of investing in the Nifty Midcap 150 Momentum 50?

    • Potential for higher returns: Mid-cap stocks can offer higher growth potential than large-cap stocks.

    • Focus on momentum: The index selects stocks that have been performing well recently, which could lead to continued outperformance.

    • Controlled volatility: The focus on momentum and size helps to mitigate risk compared to a pure small-cap or momentum index.

  • How can I invest in the Nifty Midcap 150 Momentum 50?

    You can invest in the Nifty Midcap 150 Momentum 50 through funds or exchange-traded funds (ETFs) that track the index.
  • What is the Assets Under Management (AUM) of Tata Nifty Midcap 150 Momentum 50 Index Fund - Direct Plan?

    As of November 30, 2023, the AUM of Tata Nifty Midcap 150 Momentum 50 Index Fund - Direct Plan is ₹121 Cr.
  • What are the returns of Tata Nifty Midcap 150 Momentum 50 Index Fund Direct Growth?

    The Tata Nifty Midcap 150 Momentum 50 Index Fund Direct Growth, in existence since October 20, 2022, has delivered an average annual return of 49.76% since its inception.

*Past 5 Year annualised returns as on 01-07-2024
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.

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Fund Reviews & Ratings
4.8 / 5 (Based on 30 Reviews)
(Showing Newest 10 reviews)
Prakash
Mangalore, February 29, 2024
Upward Trend Diversity
Diversified portfolio of mid cap stocks with upward trends.
Deepa
Vellore, February 27, 2024
Balanced Portfolio
Gives a balanced portfolio the Midcap Momentum index has been a valuable addition.
Suresh
Sikanderabad, February 25, 2024
Exceeding Expectations
Midcap momentum delivers exceeding all expectations.
Ashish
Bangalore, February 24, 2024
Consistent Winner
It is a consistent winner. This index is giving me impressive performan
Arun
Nellore, February 22, 2024
Satisfactory Growth
Fast growing index. Its making me happy Im satisfied
Deepak
Bhopal, February 20, 2024
Continuous Growth
Still going up worth buying.
Anju
Chennai, February 20, 2024
Momentum Profits
Growing fast. The momentum index is making money for me.
Kavita
Trivandrum, February 19, 2024
Solid Returns Diversity
Diverse mix and solid returns
Sunil
Coimbatore, February 19, 2024
Surpassing Expectations
Impressive performance. investing in the midcap index exceeded my expectations.
Jyoti
Hyderabad, February 19, 2024
High Risk Reward
This index is giving higher risk to reward than other benchmarks.
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