Nifty Midcap 150 Momentum 50 Index Fund
You Get
With Max Life Investment Plans
High Quality Stocks: Multicap stock selection based on Quality factors to build high quality portfolio.
Unbiased Stock Selection: Prebuilt portfolio to match the components of the index resulting in unbiased stock selection.
Overview
Fund Size (AUM)
₹ 594.32 Cr
as on 30 Sep 2024
NAV
₹ 12.6925
as on 30 Sep 2024
1 Year Return
NA
as on 30 Sep 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 | 17.42% |
| FINANCIAL AND INSURANCE ACTIVITIES | 11.77% |
| MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C | 8.33% |
| CONSTRUCTION OF BUILDINGS | 8.30% |
| MANUFACTURE OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL PRODUCTS | 6.10% |
| MANUFACTURE OF ELECTRICAL EQUIPMENT | 5.97% |
| MANUFACTURE OF FABRICATED METAL PRODUCTS, EXCEPT MACHINERY AND EQUIPMENT | 5.76% |
| MANUFACTURE OF COMPUTER, ELECTRONIC AND OPTICAL PRODUCTS | 4.96% |
| MANUFACTURE OF BASIC METALS | 4.62% |
| OTHER | 21.78% |
Top 10 Equity in the Fund
| Security Name | Amount in Crores (₹) |
|---|---|
| DIXON TECHNOLOGIES INDIA LIMITED | 29.50 |
| BSE LIMITED | 26.54 |
| CUMMINS INDIA LIMITED | 26.51 |
| BHARAT HEAVY ELECTRICALS LIMITED | 21.66 |
| LUPIN LIMITED | 20.74 |
| OIL INDIA LIMITED | 19.22 |
| VOLTAS LIMITED | 18.68 |
| PB FINTECH LTD | 17.84 |
| RAIL VIKAS NIGAM LIMITED | 16.39 |
| INDUS TOWERS LIMITED | 16.19 |
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
Asset Allocation
| Asset Type | Actual (%) | Asset-Range |
|---|---|---|
| Govt. Securities | 0.00% | 0% |
| Corporate Bonds | 0.00% | 0% |
| Money Market or Equivalent | 0.07% | 0-20% |
| Equities | 99.93% | 80-100% |
Fund Performance vs. Benchmark
| Time Horizon* | Fund Returns (%) | Benchmark Returns (%) |
|---|---|---|
| 1 Year | NA | NA |
| 3 Years | NA | NA |
| 5 Years | NA | NA |
| Since Inception | 26.92% | 29.50% |
| Note: Returns more than 1 year are CAGR returns. Above Fund Returns are after deduction of Fund Management Charges (FMC) and as of 30 Sep, 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
April 2024
May 2024
June 2024
July 2024
August 2024
September 2024
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