How is the Nifty 200 Momentum 30 Index constituted?
• The index comprises of the top 30 stocks from the parent NIFTY 200 Index, that are performing consistently over the 6-month/12-month time frame (‘normalised momentum’ scores)
- • Weightage of each stock in the index is derived by multiplying the free float market cap with the normalised momentum score of that stock.
- • Each stock in the index is 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 rebalanced semi-annually.
Source: https://www.niftyindices.com/indices/equity/strategy-indices/nifty200-momentum-30
Aditya Birla Sun Life NIFTY 200 Momentum 30 ETF
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For more information on the scheme, please refer to SID/KIM of the scheme.