Focus on Momentum Stocks
The Nifty 500 Momentum 50 Index identifies companies exhibiting strong price movements by considering both 6-month and 12-month returns while adjusting for volatility. The weight of each company in the index is determined by combining its normalized momentum score and its free-float market capitalization.
Index Details:
The index was launched on 4 June 2024. It has a base date of 1 April 2005 and a base value of 1000. The index consists of 50 companies and uses a tilt-weighted methodology. The index is rebalanced twice a year.
In terms of historical performance, the index has seen a strong return of 27.44% year-to-date (YTD). Over the past five years, the index has delivered a compound annual growth rate (CAGR) return of 30.48%. Since its inception, the index has achieved a CAGR return of 24.71%.
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