An open-ended exchange traded fund (ETF) tracking the Nifty 200 Momentum 30 index.
| Good to know
What is an exchange traded fund? An ETF is a mutual fund that tracks the performance of sectors, commodities or stock market indices. Unlike other equity schemes, it can be traded on the exchanges just like a stock. ETFs can contain many types of investments, including stocks, commodities and bonds. |
Investment objective
This scheme is based on the factor investing strategy, which means identifying factors that can contribute to successful investing.
Hence, this ETF will track the Nifty 200 Momentum 30 index. This index consists of 30 companies from the Nifty 200 universe. These companies or stocks are selected based on their momentum scores.
The momentum score is calculated by taking into account factors such as a stock’s average 6-month and 12-month returns – adjusted for daily volatility. Due to this strategy, the Nifty 200 Momentum 30 index has given higher returns (14x) than Nifty 200 (6x) and Nifty 500 (6x) indices in the last 16 years.
The index is rebalanced semi-annually with the large caps accounting for a significant portion of the overall weightage.
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Asset allocation
| Instrument | Allocation (% of total assets) | Risk profile | |
| Minimum | Maximum | ||
| Equity and equity-related instruments constituting Nifty 200 Momentum 30 TRI | 95 | 100 | Very high |
| Cash, money market and debt instruments | 0 | 5 | Low to medium |
Scheme details
| Name | Aditya Birla Sun Life Nifty 200 Momentum 30 ETF |
| Type | An open-ended exchange-traded fund tracking the Nifty 200 Momentum 30 index |
| Category | Equity |
| Benchmark | Nifty 200 Momentum 30 TRI |
| Entry/exit load | Entry: Not applicable Exit Load: Nil |
| Fund Manager | Lovelish Solanki and Pranav Gupta |
| Minimum application amount | ₹100 and in multiples of ₹1. |
| Expense ratio | Up to 1% |
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| This product is suitable for investors who are seeking*: | Riskometer |
| -Investors seeking returns that are in line with the performance of the Nifty 200 Momentum 30 index, subject to tracking error. -Investments in the stocks belonging to the Nifty 200 Momentum 30 Index |
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*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: The above information has been sourced from the Scheme Information Document provided by Quantum Asset Management Company.
Disclaimer: The above article is purely academic in nature and aims to provide knowledge about basic trading concepts & should not be construed as an opinion or advice to invest or trade. RKSV Securities India Private Limited (brand name Upstox) is the distributor of the mutual fund. Mutual fund investments are subject to market risks; please read all the related documents and/or consult your investment advisor before investing. Past performance of an investment asset does not guarantee future returns.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
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