What is UTI Nifty200 Momentum 30 Index Fund?
UTI Nifty200 Momentum 30 Index Fund is an open-ended scheme replicating/tracking the Nifty200 Momentum 30 Index. Index aims to track the performance of 30 high momentum stocks with in Nifty200 Index. Stocks based on their 6 months and 12 months volatility adjusted returns - known as normalized momentum score - are considered to be part of the overall portfolio*. To put it simply, it is a portfolio that aims to capture the 6 months and 12 months returns of the momentum of the index.
Why invest in UTI Nifty200 Momentum 30 Index Fund?
It helps in constructing a portfolio that systematically add relatively performing stocks and remove relatively non-performing stocks, based on pre-defined criteria, without individuals’ intervention.
Addition and removal of stocks is majorly driven by movements in prices of stocks, which is reflection of market trend.
It helps in largely reducing subjective biases by adding winners and removing laggards based on well- defined processes
Who may invest in this index fund scheme?
Investment in this index thorough an Index Fund route may help investors in generating potentially higher returns as compared to pure beta trackers or broad market indices. However, investors should be ready to take higher volatility and higher risk also in their portfolio. Further, investors looking for passive way of taking exposure to Momentum factor, may consider investing in this index.
What is Nifty200 Momentum 30 Index?
What are top 5 stocks in Nifty200 Momentum 30 Index, Nifty200 Index, Nifty50 Index?
What is the sector exposure for Nifty200 Momentum 30 Index?
What is the Growth of Nifty200 Momentum 30 Index since inception?
What is the historic drawdown in Nifty200 Momentum 30 Index?