Nifty Midcap 150 Momentum 50 Index Fund
You Get
Overview
Fund Size (AUM)
₹ 260.86 Cr
as on 31 Mar 2024
NAV
₹ 10.05
as on 31 Mar 2024
Benchmark Index
Nifty Midcap150 Momentum 50 TRI
Inception Date
30 January 2024
30 January 2024
Nav Performance
Investment Philosophy
The fund mirrors the composition and weight of individual stocks featured on the Nifty Midcap 150 Momentum 50 Index, so midcap equities are the primary investments of this scheme
The fund would attempt to mirror the performance of the Nifty Midcap 150 Momentum 50 Index accounting for applicable tracking error.
The 50 midcap stocks that the scheme invests in are selected based on their normalised momentum scores as per the calculation methodology specified by the National Stock Exchange (NSE).
Portfolio Overview
The fund is mandatorily required to invest at least 80% of its investible assets in the 50 midcap stocks that comprise the Nifty Midcap 150 Momentum 50 Index. The remainder if scheme assets accounting for up to 20% of the investment portfolio can consist of various money market securities.
Top 10 Industry in the Fund
| Industry Name | % in the Fund |
|---|---|
| INFRASTRUCTURE | 17.86% |
| FINANCIAL AND INSURANCE ACTIVITIES | 15.73% |
| MANUFACTURE OF PHARMACEUTICALS,MEDICINAL CHEMICAL AND BOTANICAL PRODUCTS | 14.07% |
| MANUFACTURE OF BASIC METALS | 6.17% |
| CONSTRUCTION OF BUILDINGS | 6.08% |
| MANUFACTURE OF ELECTRICAL EQUIPMENT | 5.40% |
| COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES | 4.61% |
| MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS | 4.10% |
| MANUFACTURE OF RUBBER AND PLASTICS PRODUCTS | 4.06% |
| CIVIL ENGINEERING | 3.96% |
| OTHER | 17.95% |
Top 10 Equity in the Fund
| Security Name | Amount in Crores (₹) |
|---|---|
| RURAL ELECTRIFICATION CORPORATION LIMITED | 12.45 |
| LUPIN LIMITED | 12.04 |
| AUROBINDO PHARMA LIMITED | 11.49 |
| POWER FINANCE CORP LIMITED | 11.16 |
| BHARAT HEAVY ELECTRICALS LIMITED | 10.34 |
| JINDAL STAINLESS LTD | 9.02 |
| INDIAN RAILWAY FINANCE CORPORATION LTD | 8.66 |
| POLYCAB INDIA LIMITED | 7.95 |
| HDFC ASSET MANAGEMENT COMPANY LIMITED | 7.28 |
| SUPREME INDUSTRIES LIMITED | 7.15 |
Asset Allocation
| Asset Type | Actual (%) | Asset-Range |
|---|---|---|
| Govt. Securities | 0.00% | 0% |
| Corporate Bonds | 0.00% | 0% |
| Money Market or Equivalent | 4.45% | 0-20% |
| Equities | 95.55% | 80-100% |
Rating Profile
| AAA | 100% |
| AA+ | 0.00% |
| AA | 0.00% |
| Below AA | 0.00% |
Modified Duration
| Debt Portfolio | 0.0055 |
| Money Market Instruments | 0.0055 |
Note: Debt portfolio includes MMI
Fund Performance vs. Benchmark
| Time Horizon* | Fund Returns (%) | Benchmark Returns (%) |
|---|---|---|
| 1 Year | NA | NA |
| 3 Years | NA | NA |
| 5 Years | NA | NA |
| Since Inception | 0.52% | 2.78% |
| Note: Returns more than 1 year are CAGR returns. Above Fund Returns are after deduction of Fund Management Charges (FMC) and as of 31 March, 2024. Past performance does not guarantee future returns. | ||
Fund fact sheet of last 6 months
October 2023
November 2023
December 2023
January 2024
February 2024
March 2024
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