Nifty 200 Alpha 30 Index Fund

Eligibility Criteria

• Minimum listing history of 1 year of stock
• Top 30 companies with the highest Alpha, however stock weights are capped at the lower of 5% or 5 times the weight of the stock in the index based only on free float market capitalization
• The index is reconstituted on a quarterly basis
• Stocks from Nifty 200 index at the time of review are eligible for inclusion in the index
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Key Highlights

• The index has a base date of April 01, 2005, with a base value of 1000.
• Index will be reconstituted quarterly in March, June, September and December using trailing 1 year price (adjusted for corporate actions) for the period ending last trading day of February, May, August and November respectively
• Apart from the scheduled quarterly review, additional ad-hoc reconstitution and rebalancing of the index shall be initiated in case any of the index constituents is removed from Nifty 200 due to any corporate action (scheme of arrangement, delisting etc.) or suspension by the exchange etc. and would be made effective along with the ad-hoc reconstitution of the Nifty 200

 

Why Nifty 200 Alpha 30 Index Fund?

 

• High Growth Potential

  The Nifty 200 Alpha 30 Index includes 30 stocks with the highest alpha in the Nifty 200 Index. The historical allocation suggests that the index is a blend of Large Cap & Mid Cap segment. This segment tend to outperform the market/benchmark in the long-term, offering high growth potential, but also come with relatively higher risk profile.

• Diversification

  Investing in an index fund that tracks the Nifty 200 Alpha 30 Index provides exposure to a diversified set of high-performing stocks across various sectors

• Transparency

  Since it tracks an established index, investors can easily monitor the fund's portfolio holdings and performance.

• Passive Investing

• Investing in an index fund that tracks the Nifty 200 Alpha 30 Index is a passive approach, which means fund manager doesn’t need to make individual stock selection (hands-off approach).