The National Stock Exchange (NSE) on September 04, 2024, launched Nifty500 Multicap Momentum Quality 50 index.
The Nifty500 Multicap Momentum Quality 50 index aims to track the performance of the large, mid and small-cap stocks selected based on the combination of momentum and quality factors from the Nifty 500 index.
The base date for the index is April 01, 2005, and the base value is 1000. The index will be reconstituted and rebalanced on a semi-annual basis.
The new index is expected to act as a benchmark for asset managers and be a reference index tracked by passive funds in the form of Exchange Traded Funds (ETFs), index funds and structured products.
