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  • All Prices are in INR

The Nifty500 Multifactor MQVLv 50 Index aims to track the performance of a 50-stock portfolio selected based on a combination of momentum, quality, value and low volatility factors from the Nifty 500. The momentum score for each company is determined based on its 6-month and 12-month price return, adjusted for volatility. The quality score for each company is determined based on return on equity (ROE), financial leverage (Debt/Equity Ratio) and earnings (EPS) growth variability analysed during the previous 5 years. The value score of each company is determined based on Earnings to Price ratio (E/P), Book Value to Price ratio (B/P), Sales to Price ratio (S/P) and Dividend Yield. Volatility is calculated as the standard deviation of daily price returns (log normal) for last one year.

Stock weights are based on composite factor score of that stock.

ADVANCED CHARTING

Highlights

  • The index has a base date of April 01, 2005, with a base value of 1000
  • Stocks forming part of the Nifty 500 index at the time of review are eligible for inclusion in the index
  • Stocks that have scored low on liquidity parameters are excluded from the index
  • An eligible universe is created by selecting the top 25 stocks based on each of the four factors individually
  • The top 50 stocks based on aggregate percentile score of the eligible universe are selected to be a part of the index
  • The weight of each stock in the index is based on composite factor score
  • The index is reconstituted semi-annually (June, December)