Latest news with #Nifty500Index
India Gazette
2 days ago
- Business
- India Gazette
National Stock Exchange of India surpasses 22 crore investor accounts
New Delhi [India], June 5 (ANI): The National Stock Exchange of India (NSE) has achieved a total number of investor accounts, or Unique Client Codes (UCCs), exceeding 22 crore (220 million) in April 2025. This marks a rapid increase, coming just six months after crossing the 20-crore mark in October 2024. The number of unique registered investors separately reached 11.3 crore as of March 31, 2025, having surpassed 11 crore on January 20, 2025. It's important to note that an investor may hold multiple accounts with different brokers, leading to multiple client codes. State wise, Maharashtra leads the nation with the highest number of investor accounts at 3.8 crore, followed by Uttar Pradesh (2.4 crore), Gujarat (1.9 crore), and both Rajasthan and West Bengal with approximately 1.3 crore each. These top five states collectively account for nearly 49% of the total accounts, with the top ten states contributing roughly three-fourths of the overall count. 'India's investor base continues to expand rapidly, with over 2 crore new accounts added in just six months--a clear reflection of strong investor confidence in India's growth trajectory despite global economic headwinds,' said Sriram Krishnan, Chief Business Development Officer, NSE. Adding, 'this surge has been driven by accelerated digital transformation and the increasing adoption of mobile trading, which have made capital markets more accessible to investors across tier 2, 3, and 4 cities. The growth also highlights the success of focused initiatives to deepen retail participation, including widespread financial literacy programs and streamlined KYC processes.' The benchmark Nifty 50 Index has delivered a 22% annualized return over the past five years, while the Nifty 500 Index has seen a 25% annualized return, demonstrating significant wealth creation for investors. Additionally, NSE's Investor Protection Fund (IPF) saw a substantial increase of over 23% year-on-year, reaching Rs 2,459 crore as of March 31, 2025. (ANI)
Economic Times
26-05-2025
- Business
- Economic Times
What does Nifty's surge above 200-DMA mean for investors?
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: The recent rebound in the stock market has pushed the Nifty above its 200-Day Moving Average (DMA)-a long-term trend indicator-signalling a bullish undertone among blue chips. Beneath the surface, the optimistic mood may not be as widespread, but it's more sanguine than it was a couple of months the top 500 stocks, 226 are trading above 200-day moving averages, according to Axis Securities . When a stock or an index is above its 200 DMA, it's said to be in a long-term uptrend and vice versa. It's the average price of a stock or index over the last 200 trading days, which is close to a full trading year, helping investors get a better view of the price trends over a longer period. Nifty's 200-DMA is at 24,631, about 0.9% below Friday's closing level of 24, the stocks that are above 200-DMAs are still less than 50% in Nifty 500 index, it's higher compared to 95 in March and 45 in February, a sign of gradually improving investor confidence with a tinge of caution."The investor sentiment has improved significantly since February-March as the broader market has witnessed renewed buying interest, but the recovery is gradual as investors remain selective buyers focusing on companies that delivered good results," said Ruchit Jain, vice president- head technical research at Motilal Oswal Financial Services Of the stocks trading above 200- DMA, 62 are trading 10-20% away from the average price and 15 are at a 20-30% distance, while 138 are as much as 10% away. 11 stocks are trading 30% above their 200-DMA, according to Axis. Similarly, 162 stocks are up to 10% below the 200- DMA, 69 are 10-20% below the level, and 25 are over 20% bullish conditions, fewer than 50% of the top 500 stocks below the 200-DMA would not be a reason to celebrate, but given the lingering concerns over the economic fallout of tariffs and uncertainty over corporate earnings, optimists would consider this number acceptable.'Despite the muted fourth quarter earnings, a greater number of stocks out of the NSE 500 universe are trading above the 200-DMA compared to February and March, indicating investor confidence is returning on the street,' said Rajesh Palviya, head of technical and derivatives, Axis Nifty 500 Index slumped by nearly 8% in February but bounced back in March and April, gaining 7.3% and 3.2%, respectively. The Nifty Midcap 150 and Smallcap 250 indices have risen 17.6% and 20.2%, respectively, from their lows this year on February 28 and March 3.'Mid-caps moved up when domestic investors bought, and large-cap names performed well when foreign investors began purchasing after a period of aggressive sell-off, so there has been rotation among the stocks,' said Jain.
Time of India
26-05-2025
- Business
- Time of India
What does Nifty's surge above 200-DMA mean for investors?
Mumbai: The recent rebound in the stock market has pushed the Nifty above its 200-Day Moving Average (DMA)-a long-term trend indicator-signalling a bullish undertone among blue chips. Beneath the surface, the optimistic mood may not be as widespread, but it's more sanguine than it was a couple of months ago. Of the top 500 stocks, 226 are trading above 200-day moving averages, according to Axis Securities . When a stock or an index is above its 200 DMA, it's said to be in a long-term uptrend and vice versa. It's the average price of a stock or index over the last 200 trading days, which is close to a full trading year, helping investors get a better view of the price trends over a longer period. Nifty's 200-DMA is at 24,631, about 0.9% below Friday's closing level of 24,853. Though the stocks that are above 200-DMAs are still less than 50% in Nifty 500 index, it's higher compared to 95 in March and 45 in February, a sign of gradually improving investor confidence with a tinge of caution. "The investor sentiment has improved significantly since February-March as the broader market has witnessed renewed buying interest, but the recovery is gradual as investors remain selective buyers focusing on companies that delivered good results," said Ruchit Jain, vice president- head technical research at Motilal Oswal Financial Services . Agencies Of the stocks trading above 200- DMA, 62 are trading 10-20% away from the average price and 15 are at a 20-30% distance, while 138 are as much as 10% away. 11 stocks are trading 30% above their 200-DMA, according to Axis. Similarly, 162 stocks are up to 10% below the 200- DMA, 69 are 10-20% below the level, and 25 are over 20% away. In bullish conditions, fewer than 50% of the top 500 stocks below the 200-DMA would not be a reason to celebrate, but given the lingering concerns over the economic fallout of tariffs and uncertainty over corporate earnings, optimists would consider this number acceptable. 'Despite the muted fourth quarter earnings, a greater number of stocks out of the NSE 500 universe are trading above the 200-DMA compared to February and March, indicating investor confidence is returning on the street,' said Rajesh Palviya, head of technical and derivatives, Axis Securities. The Nifty 500 Index slumped by nearly 8% in February but bounced back in March and April, gaining 7.3% and 3.2%, respectively. The Nifty Midcap 150 and Smallcap 250 indices have risen 17.6% and 20.2%, respectively, from their lows this year on February 28 and March 3. 'Mid-caps moved up when domestic investors bought, and large-cap names performed well when foreign investors began purchasing after a period of aggressive sell-off, so there has been rotation among the stocks,' said Jain.
Mint
20-05-2025
- Business
- Mint
Your Questions Answered: I want to invest in the Nifty 500 Momentum 50 Index. Please elaborate on the pros and cons
Krantiveer Waghlaw, Ratnagiri, Maharashtra The Nifty 500 Momentum 50 Index is a subset of the broader Nifty 500 Index. It selects 50 stocks based on their momentum factor, which measures the rate of change in stock prices over a specific period. This index aims to capture the potential of high-performing stocks while maintaining diversification across sectors and market capitalisations. The Nifty 500 and Nifty 50 indices are two prominent benchmarks in the Indian stock market, each serving distinct purposes and catering to different investor needs. While both are managed by the National Stock Exchange (NSE), they differ significantly in terms of composition, scope, and investment objectives. Let's explore these differences in detail. Before we deep dive into the Nifty 500 Momentum 50 Index, it is important to understand what momentum investing is. Momentum investing is an intriguing strategy in the world of finance that leverages the principle of "buy high, sell higher." It focuses on identifying stocks or assets that have exhibited strong past performance in terms of price movement, with the belief that they will continue their upward trajectory for the foreseeable future. At its heart, momentum investing is built on the idea that trends in the market, whether bullish or bearish, tend to persist. It relies on the behavioural finance theory that investor psychology and market sentiment contribute to the continuation of these trends. Stocks with positive momentum often attract more attention, driving further demand and pushing prices higher. This strategy contrasts with value investing, which focuses on buying undervalued assets, or contrarian investing, which targets stocks that others might be avoiding. As mentioned above, the Nifty 500 Momentum 50 Index is a specialised index designed to capture the performance of stocks with strong momentum within the Nifty 500 universe. Its eligibility criteria ensure that only the most suitable stocks are included, maintaining the integrity and purpose of the index. 1. Membership in the Nifty 500 Index: Only stocks that are part of the Nifty 500 Index at the time of review are eligible for inclusion in the Nifty 500 Momentum 50 Index. 2. F&O availability: Stocks must be available for trading in the futures & options (F&O) segment. If a stock is not available for trading in this segment, it becomes ineligible. 3. Circuit breaker instances: The stock under consideration which have hit the upper or lower circuit price band more than 20% of the total trading days in the past six months are excluded. 4. Promoter's pledged shares: Companies with more than 20% of their promoters' shares pledged are ineligible for inclusion. 5. Liquidity measures: Stocks in the bottom 10th percentile based on six-month average daily turnover are excluded. Stocks in the bottom 10th percentile based on turnover ratio are also excluded. 6. Momentum score: The index selects 50 companies based on their normalised momentum score, which is calculated using six-month and twelve-month price returns adjusted for volatility. 7. Weighting methodology: The weight of each stock in the index is determined by a combination of its normalised momentum score and free-float market capitalisation. The index is reconstituted twice a year, in June and December. The cut-off dates for data consideration are May 31 and November 30. The index is managed by a professional team under a three-tier governance structure, including the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity), and the Index Maintenance Sub-Committee. The Nifty 500 Momentum 50 Index is a unique investment avenue designed to capture stocks with strong momentum. By investing in this index, individuals can leverage a strategy that has demonstrated potential for significant gains under certain market conditions. Here, we'll explore the compelling advantages of considering this index for your portfolio. Momentum investing advantage: As mentioned above, momentum investing revolves around identifying stocks that exhibit upward price trends, as past strong performance often signals continued growth in the short term. This index focuses on such high-performing stocks, offering the opportunity for substantial returns. Simplified stock selection: Selecting individual stocks that demonstrate momentum can be complex and resource-intensive. By investing in this index (either through index funds or ETFs), investors gain access to a pre-selected basket of high-momentum stocks, eliminating the need for exhaustive research and monitoring. Sector diversification: Although the index emphasises momentum, it spans a variety of sectors. This diversification reduces exposure to sector-specific risks while still capturing the benefits of individual stock trends. Transparency: The Nifty 500 Momentum 50 Index is rule-based, meaning stocks are included based on clear eligibility criteria like momentum scores and liquidity. Investors can easily track the methodology and performance of the index, ensuring a transparent investment process. Semi-annual rebalancing: The index undergoes semi-annual reconstitution, ensuring that it remains relevant and aligned with market trends. This regular update enables it to adapt to changing dynamics, retaining only those stocks that continue to exhibit strong momentum. Lower costs: Investing in index mutual funds or ETFs tracking the Nifty 500 Momentum 50 Index is generally more cost-effective than actively managed funds. With minimal management fees, these funds offer an affordable way to participate in momentum investing Risk-tuned weightage: The index uses a mix of normalised momentum scores and free-float market capitalisation for stock weighting. This approach balances momentum exposure with stock liquidity and market cap, mitigating the risks associated with excessive reliance on small-cap or highly volatile stocks. Alignment with market trends: In bull markets or periods of strong growth, momentum investing often outperforms other strategies. The Nifty 500 Momentum 50 Index is well-positioned to capitalise on these favourable conditions, making it an attractive option for growth-focused investors. While investing in the Nifty 500 Momentum 50 Index can be appealing due to its growth-focused strategy, it's essential to understand the associated risks and drawbacks. Like any investment vehicle, this index has characteristics that may not align with every investor's goals or risk tolerance. Let's delve into the cons to make an informed decision. Volatility and risk: Momentum investing relies on stocks exhibiting strong upward price trends, which can be inherently volatile. These stocks are often more sensitive to market fluctuations, leading to unpredictable short-term performance. In bear markets or downturns, momentum-based strategies may underperform as high-flying stocks tend to correct sharply. Limited downside protection: Momentum investing focuses on upward-trending stocks, potentially ignoring those with stable prices or low volatility. This approach can leave portfolios vulnerable in turbulent markets, where defensive stocks might outperform. Sector overexposure: The index does not actively manage sector exposure beyond diversification rules. At times, high-momentum stocks may cluster in specific sectors, increasing sector-specific risks. Potential for herding behaviour: Stocks with high momentum scores often attract significant attention, leading to herding behaviour. This can inflate valuations, creating a bubble-like scenario that may result in sharp corrections. Overreliance on historical trends: The concept of momentum investing is based on the assumption that past trends continue in the future. However, market conditions can shift rapidly, and stocks that performed well in the past may not necessarily sustain their momentum. Challenging market dynamics: Momentum strategies perform best in bull markets, but their efficacy may diminish in flat or declining markets. Investors should prepare for varying outcomes based on broader market conditions. Nifty 50: The Nifty 50 is a blue-chip index comprising the top 50 companies listed on the NSE based on market capitalisation and liquidity. It represents the largest and most stable companies across various sectors, often referred to as the "elite" of the Indian corporate world. Nifty 500 Momentum 50: Tracks the performance of 50 stocks selected from the Nifty 500 based on their momentum scores. Focuses on stocks that exhibit strong price trends over six-month and twelve-month periods, adjusted for volatility Nifty 50: Companies are selected based on their market capitalization and liquidity. The index includes large-cap stocks that are leaders in their respective sectors. Nifty 500 Momentum 50: Stocks are chosen based on normalized momentum scores derived from price returns over six and twelve months. The methodology adjusts for volatility to ensure smoother price trends. Nifty 50: Suitable for investors seeking stability and exposure to established companies. Focuses on long-term growth and consistent dividends. Nifty 500 Momentum 50: Ideal for investors looking to capitalise on short-term price trends and growth opportunities. Emphasises on momentum investing, which involves buying stocks with strong upward price movements. Nifty 50: Being composed of large-cap stocks, the Nifty 50 is relatively less volatile and offers stability, making it suitable for conservative investors. Nifty 500 Momentum 50: Includes stocks with high price momentum, which can be more volatile. Requires a higher risk tolerance. Nifty 50: Covers major sectors of the economy, with a heavy concentration in financial services. Nifty 500 Momentum 50: Diversified across sectors but focuses on stocks with strong momentum, which may lead to sector-specific overexposure. Nifty 50: Tends to perform better during market slowdowns due to the resilience of large-cap stocks. Offers steady, long-term growth with lower short-term fluctuations. Nifty 500 Momentum 50: Outperforms during bullish market phases due to the inclusion of high-momentum stocks. May underperform in flat or bearish markets. Index funds tracking the Nifty 500 Momentum 50 Index offer a distinctive investment opportunity for individuals looking to harness the power of momentum investing. However, these funds are not a one-size-fits-all solution. Understanding the ideal investor profile is crucial before committing your hard-earned money. Let's explore who should consider adding these index funds to their portfolio. 1. Growth-oriented investors: If your primary objective is to achieve substantial capital appreciation over time, this index may align with your goals. Momentum investing targets stocks that have demonstrated strong price performance, which could lead to significant gains during bullish market phases. 2. Investors looking to diversify: The Nifty 500 Momentum 50 Index encompasses companies across various sectors and market capitalisations. Including a fund tracking this index can provide diversification to your portfolio, complementing investments in blue-chip, value, or debt instruments. 3. Passive investors: Those who prefer a hands-off approach to investing will appreciate the simplicity of index funds tracking the Nifty 500 Momentum 50 Index. These funds require minimal management and offer a straightforward way to gain exposure to momentum stocks. 4. Investors with a long-term horizon: Momentum investing may experience periods of underperformance in sideways or bearish markets. A long-term investment horizon is essential to weather short-term volatility and capitalise on the potential for growth over time. Investments in index funds or ETFs tracking the Nifty 500 Momentum 50 Index are classified as equity-oriented mutual funds. This classification is important because it determines the applicable tax rates and holding period criteria. Capital gains from these investments are taxed based on the holding period. Short-term capital gains (STCG): If the units are sold within 12 months of purchase, the gains are considered short-term. STCG is taxed at a flat rate of 20%, irrespective of the investor's income tax slab. If the units are sold within 12 months of purchase, the gains are considered short-term. STCG is taxed at a flat rate of 20%, irrespective of the investor's income tax slab. Long-term capital gains (LTCG): If the units are held for more than one year, the gains are classified as long-term. LTCG is taxed at 10% on gains exceeding ₹ 1 lakh in a financial year. Gains up to ₹ 1 lakh are exempt from tax. The Nifty 500 Momentum 50 Index employs a rigorous selection process to ensure that only high-momentum stocks with strong fundamentals and liquidity are included. This makes it an attractive benchmark for investors and fund managers seeking to capitalize on momentum-based strategies. Index mutual funds tracking the Nifty 500 Momentum 50 Index present a compelling opportunity for investors seeking growth through momentum investing. While they offer potential for higher returns and diversification, it's essential to assess individual risk tolerance and investment goals before diving in. As always, consulting a financial advisor can help tailor investment strategies to your needs. Disclaimer: Investing in mutual funds involves risks, including potential loss of principal. Please consult with a financial advisor before making any investment decisions. Kuvera is a free direct mutual fund investing platform.
Mint
20-05-2025
- Business
- Mint
Axis Max Life Nifty 500 Multifactor 50 Index Fund: A Multifactor Investment Approach
Global markets continue to experience periods of heightened volatility and uncertainty. This is due to a range of economic and geopolitical factors and investors are looking for new ways to navigate their investments. This unpredictability likely to persist for the foreseeable future. So, relying on a single factor to guide investment decisions may not be the most effective strategy for achieving long-term financial goals. To address the risks associated with relying on a single factor, Axis Max Life Insurance is introducing the Axis Max Life Nifty 500 Multifactor 50 Fund. This is a passively managed multifactor equity fund that is designed to build a diversified stocks portfolio. New and existing policyholders can invest in the fund through various Axis Max Life ULIPs. Let's examine how this index fund works and whether it might be suitable investment for you. What is the Axis Max Life Nifty 500 Multifactor 50 Index Fund? The Axis Max Life Nifty 500 Multifactor 50 Index Fund is a multi-factor passively managed equity fund that mirrors the Nifty 500 Multifactor MQVLv 50 Index. The fund will invest in a basket of 50 stocks drawn from the Nifty 500 Index universe selected based on 4 key factors – momentum, quality, value and low volatility. The stock-picking methodology used by the scheme is transparent and follows the methodology prescribed by the National Stock Exchange (NSE) which manages the underlying index. The new fund does not currently have its own historical returns.. However, the underlying Index that the fund mirrors has shown outperformance compared tothe broader Nifty 500 Index over various time periods. The table below compares the returns of the Nifty 500 Multifactor MQVLv 50 Index versus the Nifty 500 Index over various time periods as of December 31, 2025: Note: Returns data as of April 24, 2025.. The 3-year, 5-year, 10-year, and since inception returns data are CAGR returns of the TRI variant of the respective indices. Past returns are not indicative of future performance. As shown above, back-tested data indicates that the Nifty 500 Multifactor MQVLv 50 Index has outperformed the Nifty 500 Index over various time periods. While this outperformance is not guaranteed in the future, it suggests the potential of this multifactor index to perform favorably compared to the broader index across different market conditions. What is the Nifty 500 Multifactor MQVLv 50 Index? The Nifty 500 Multifactor MQVLv 50 Index is a multi-factor index comprising a basket of 50 stocks selected from the Nifty 500 stock universe. This multifactor index incorporates 4 different factor scores – momentum, quality, value and low volatility – into its stock selection methodology. The potential benefits of stock selection based on each of these factors is mentioned below: Momentum: Stocks with high momentum scores have shown outperformance in the recent past and may offer investors growth opportunities. Quality: Stocks with high quality scores may indicate strong fundamentals and can be better positioned to withstand market downturns. High stocks can thus help in providing significant downside protection during market drawdowns. Value: Stocks that are priced lower than their intrinsic value have the potential to offer long-term growth opportunities. Stocks that have high value scores are typically available at a low valuation but may experience price increases as the market price aligns with the stock's intrinsic value. Low Volatility: Equity investments are prone to volatility due to market movements, especially in the short-term. However low volatility stocks tend to witness smaller price fluctuations. The inclusion of low volatility stocks can thus help reduce the overall volatility risk of the investor's portfolio. Nifty 500 Multifactor MQVLv 50 Index uses a composite score based on all factors to select its stocks. Therefore, the overall portfolio of the index is designed to potentially optimise returns during market uptrends while mitigating losses during market downturns. So, an index fund like the Axis Max Life Nifty 500 Multifactor 50 Index Fund which mirrors this index could provide investors with similar benefits aimed at balancing returns and investment risk. What will the Axis Max Life Nifty 500 Multifactor 50 Index Fund Invest in? Since the Axis Max Life Nifty 500 Multifactor 50 Index Fund mirrors the Nifty 500 Multifactor MQVLv 50 Index, the 50 stocks included in the index will also be included in the fund portfolio with their respective weights. Below is a list of top 5 stocks featured in the index and their individual weights on the index as of April 24, 2025: Company Name Weight (%) Bharat Petroleum Corporation Ltd. 2.95 SBI Cards and Payment Services Ltd. 2.84 Indian Oil Corporation Ltd. 2.83 MRF Ltd. 2.73 Divi's Laboratories Ltd. 2.71 The presence of a diversified basket of stocks across different market capitalisation categories, as shown above, reduces the potential concentration risk for the investor. This can contribute to an investment portfolio that may be less affected by the performance of any single stock. To understand the potential sectoral diversification offered by the Axis Max Life Nifty 500 Multifactor 50 Index Fund, it's helpful to examine the top 5 sectors that featured in the index as of April 24, 2025: Sector Weight (%) Financial Services 24.85 Oil, Gas & Consumable Fuels 14.78 Fast Moving Consumer Goods 13.54 Healthcare 11.51 Automobile and Auto Components 8.81 As shown above, the financial services sector had the highest weight in the index followed by oil & gas and FMCG sectors. While the top 3 sectors represent over 50% of the index weight, the index fund will also have exposure to a number of other sectors. This aims to ensure that the fund's returns are not disproportionately influenced by the performance of any single sector. Reasons to Consider Investing in the Axis Max Life Nifty 500 Multifactor 50 Index Fund Implementing a multi-factor strategy for stock selection has the potential to offer different returns than a single-factor strategy. However, it's important to remember that the Axis Max Life Nifty 500 Multifactor 50 Index Fund is an equity fund and involves risks associated with equity investments. This multi-factor index fund may align with your investment needs if: You intend to invest for the long term (i.e., 5 years or more) to pursue long-term financial goals You want to diversify your portfolio by including factor-based investments You have a high degree of risk tolerance and are prepared for short-term volatility to potentially achieve long-term returns. You seek to reduce the impact of fund manager bias through passive fund management You prefer a focused investment approach aimed at selecting a smaller basket of stocks with the potential to outperform the broader index over the long-term This list is illustrative, and other situations may also lead you to consider this investment option. How to Invest in the Axis Max Life Nifty 500 Multifactor 50 Index Fund The Axis Max Life Nifty 500 Multifactor 50 Index Fund will be available to Axis Max Life policyholders through various ULIP offerings from the company. These products include life insurance benefits providing policyholders with both life insurance and investment options. Some of the Axis Max Life ULIP plans that will offer access to this passive index fund include: Axis Max Life Online Savings Plan (OSP) Axis Max Life Flexi Wealth Advantage Plan (FWAP) Axis Max Life Smart Term with Additional Returns (STAR) ULIP and others. This list is illustrative, and other Axis Max Life ULIP solutions may also provide current and new policyholders access to this multi-factor fund. Snapshot of the Axis Max Life Nifty 500 Multifactor 50 Index Fund Benchmark Index: Nifty 500 Multifactor MQVLv 50 Index Stock Universe: Nifty 500 Index Asset Allocation of Fund: Investment Objective: To invest in stocks from NSE's Nifty 500 Multifactor MQVLv 50 Index based on momentum, quality, value and low volatility factors. The fund aims to invest in companies with weights similar to the index and generate returns that closely align with the index, subject to tracking error. To invest in stocks from NSE's Nifty 500 Multifactor MQVLv 50 Index based on momentum, quality, value and low volatility factors. The fund aims to invest in companies with weights similar to the index and generate returns that closely align with the index, subject to tracking error. NFO Period @ Rs. 10 per unit from May 20, 2025 to June 3, 2025 Additional Options to Diversify Your Portfolio with Axis Max Life Index Funds Axis Max Life Insurance currently offers other factor-based index funds through ULIP offerings. Some of the popular ones include: Nifty Momentum Quality 50 Fund The Axis Max Life Nifty Momentum Quality 50 Fund is a passively managed fund that mirrors the portfolio and performance of the Nifty 500 Multicap Momentum Quality 50 Index. This multicap fund invests in stocks from the Nifty 500 Index selected by momentum and quality scores. Midcap Momentum Index Fund The Axis Max Life Midcap Momentum Index Fund tracks the Nifty Midcap 150 Momentum 50 Index i to replicate its performance within tracking error margins. This fund primarily invests in mid-capitalisation stocks that have the potential for long-term returns. Stock selection is based on the momentum scores of midcap stocks in the Nifty Midcap 150 Index. Nifty Smallcap Quality Index Fund The Axis Max Life Nifty Smallcap Quality Index Fund is a passively managed scheme that mirrors the Nifty Smallcap 250 Quality 50 Index. The fund's portfolio includes small cap stocks from the Nifty Smallcap 250 Index chosen by their quality scores. This fund aims to invest in quality small cap stocks that may offer investors access to emerging sectors not readily available through other investment options. Note to the Reader: This article has been produced on behalf of the brand by HT Brand Studio and does not have journalistic/editorial involvement of Mint.
