The Indian equity indices have had a volatile ride ever since it made its lifetime high on January 20, 2020 due to the pandemic. Despite the recovery seen in the month of April, the Nifty index is still down 24% from its record highs. In this article, we list down a number of strategy indices (NSE) and their performance with the benchmark. Some of the indices also have ETFs that can be looked for investment based on your risk profile.
Please note the time for the below returns is from January 20, 2020 (when markets touched its all-time high), till May 8, 2020, for all returns mentioned below. Also, one can check the weights of these indices as well. (Link is given below every indices table).
Nifty 100 Low Volatile 30
The index is aimed to measure the performance of low volatile securities focused on the large-cap segment. The stocks are selected from the top 100 Nifty companies. The selection of securities and their weights are dependent on the volatility of securities. It is calculated by the standard deviation of daily price returns for the past one year. It has 30 stocks in the Index and is rebalanced on a quarterly basis.
ETF Available – Yes
| Index | Returns (%) |
|---|---|
| Nifty 50 | -24.3 |
| Nifty 100 Low Volatility 30 | -17.2 |
| Top 5 Outperformers | |
| Cipla | 23.3 |
| Nestle India | 15.5 |
| Reliance Industries | 1.9 |
| Hindustan Unilever | 1.3 |
| Pidilite Industries | -5.0 |
| Top 5 Underperformers | |
| Oil India | -40.8 |
| Larsen & Toubro | -37.7 |
| Maruti Suzuki India | -37.5 |
| Coal India | -35.9 |
| Bosch | -34.6 |
Click here to know top 10 weights
Nifty High Beta 50
Beta is the sensitivity of stock returns when compared to market returns. For example, if Beta of the stock is 2 then it means that if markets were to rise by 1% the stock would be up by 2% and vice versa. So, this index aims to measure the performance of high beta companies. There may be many extremely small-cap companies having high beta so to make it more investable, the index takes into account the market cap as well as turnover to decide the stocks. Naturally, high beta names usually take a beating in the ent scenario. Let’s take a look at the performance.
ETF Available – Not Yet
| Index | Returns (%) |
|---|---|
| Nifty 50 | -24.3 |
| Nifty High Beta 50 | -44.1 |
| Top 5 Outperformers | |
| Escorts | 3.8 |
| Radico Khaitan | -12.7 |
| Vodafone Idea | -13.4 |
| Hindustan Petroleum Corporation | -20.8 |
| Can Fin Homes | -23 |
| Top 5 Underperformers | |
| IndusInd Bank Ltd | -66.9 |
| Delta Corp Ltd | -64.9 |
| RBL Bank Ltd | -63.6 |
| Edelweiss Financial Services Ltd | -63.5 |
| Canara Bank | -63.5 |
Click here to know top 10 weights
Nifty Dividend Opportunities 50
This index focuses on selecting stocks that are high dividend yield companies on NSE. There are two other aspects which are taken into consideration apart from high dividend yield criteria and that is stability and tradability of the stock. It is a periodic capped free-float market cap index and is rebalanced on an annual basis.
ETF Available – Yes;
| Index | Returns (%) | |
|---|---|---|
| Nifty 50 | -24.3 | |
| Nifty Dividend Opportunities 50 | -22.6 | |
| Top 5 Outperformers | ||
| Muthoot Finance | 4.6 | |
| Hindustan Unilever | 1.3 | |
| Mindtree | -0.2 | |
| Reliance Infrastructure | -5.7 | |
| Procter & Gamble Health | -5.8 | |
| Top 5 Underperformers | ||
| Indiabulls Housing Finance Ltd | -58.1 | |
| Cyient Ltd | -54.9 | |
| Gujarat State Fertilizers & Chemicals Ltd | -51.3 | |
| Vedanta Ltd | -50.7 | |
| Bharat Heavy Electricals Ltd | -50.6 |
Click here to know top 10 weights
Nifty 100 Quality 30
As the name suggests, this index constitutes for ‘quality’ stocks from the Nifty 100 index. The quality scores are determined on the basis of ROE, Financial Leverage, and earnings growth for the company which are analysed for the previous five years. The index is rebalanced semi-annually and the weights are determined by multiplying the square root of the free float market cap with the quality score of the stock.
ETF Available – Yes
| Index | Returns (%) | |
|---|---|---|
| Nifty 50 | -24.3 | |
| Nifty100 Quality 30 | -21.0 | |
| Top 5 Outperformers | ||
| Aurobindo Pharma | 35.1 | |
| Nestle India | 15.5 | |
| Hindustan Unilever | 1.3 | |
| Britannia Industries | -3.7 | |
| Pidilite Industries | -5.0 | |
| Top 5 Underperformers | ||
| IndusInd Bank | -66.9 | |
| Indiabulls Housing Finance | -58.1 | |
| Bajaj Finance | -51.3 | |
| Maruti Suzuki India | -37.5 | |
| Coal India | -35.9 |
Click here to know top 10 weights
Nifty Alpha 50
This index constitutes stocks that have generated high alphas in the last one year. It is diversified index having 50 stocks and weighted based on Alpha. Other criteria like market cap and liquidity are taken into consideration to make it an investable product. It is rebalanced on a quarterly basis.
ETF Available – Not Yet
| Index | Returns (%) | |
|---|---|---|
| Nifty 50 | -24.3 | |
| Nifty Alpha 50 | -17.1 | |
| Top 5 Outperformers | ||
| Abbott India Ltd | 40.0 | |
| Ipca Laboratories Ltd | 27.3 | |
| Divis Laboratories Ltd | 21.6 | |
| P I Industries Ltd | 7.3 | |
| Adani Green Energy Ltd | 7.2 | |
| Top 5 Underperformers | ||
| DCB Bank | -65.7 | |
| Prestige Estates Projects | -61.4 | |
| PVR | -53.5 | |
| Bajaj Finserv | -51.9 | |
| Bajaj Finance | -51.3 |
Click here to know top 10 weights
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