Index Overview
Nifty200 Alpha 30
Return Overview
1M
-2.42%
3M
+1.63%
6M
+6.59%
1Y
+1.15%
3Y
+17.19%
5Y
+15.29%
10Y
+18.18%
Max
+18.47%
Fundamentals
| Asset Type | Equity |
| Index Type | Strategy Index |
| No. of Companies | 30 Companies |
| Market Cap Focus | Multi / Flexi Cap |
| Std Deviation (1 yr) | 1.17% |
| P/E | 49.51 |
| P/B | 11.62 |
| Div Yield | 0.99% |
| Asset Type | Equity |
| Index Type | Strategy Index |
| No. of Companies | 30 |
| Market Cap Focus | Multi / Flexi Cap |
| P/E | 49.51 |
| P/B | 11.62 |
| Div Yield | 0.99% |
| Std Deviation (1 yr) | 1.17% |
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Sectoral Allocation
Index Constituents
Market Cap Classification
Index Methodology
| Factor Basis | Others |
| What universe selected from? | Nifty 200 |
| Weightage? | Alpha based weighting. Wt of stock = Alpha Score * FF Market Cap; Max Weight = 5% |
| Stocks Included | Top 30 stocks from the Nifty 200 based on their Jensen's Alpha (based on 1-year trailing prices) are selected. Steps: [A] Jensen's Alpha = R(s) - [Rf + Beta*(Rm-Rf)]; R(s) - return of stock, Rm - return of market, Rf - risk free rate, Beta - Beta of the stock. - Computed using 1-year traliling prices. [B] Alpha Score = (1+ Z score) if Z score >0 (1- Z score)^-1 if Z score < 0; [C] Z-Score = (x- Mean)/Std Deviation; x- jensen alpha of the stock, mean - mean Jensen's Alpha of the entire universe, std deviation - std dev of the Jensen's alpha of the entire universe |
| Exclusions | Constituents moving out of the Nifty 200 and currently part of the Nifty 200 Alpha 30 are excluded; Rank of stocks goes below 75; |
| Factor Basis | Others |
| Universe | Nifty 200 |
| Weightage | Alpha based weighting. Wt of stock = Alpha Score * FF Market Cap; Max Weight = 5% |
| Stocks Included | Top 30 stocks from the Nifty 200 based on their Jensen's Alpha (based on 1-year trailing prices) are selected. Steps: [A] Jensen's Alpha = R(s) - [Rf + Beta*(Rm-Rf)]; R(s) - return of stock, Rm - return of market, Rf - risk free rate, Beta - Beta of the stock. - Computed using 1-year traliling prices. [B] Alpha Score = (1+ Z score) if Z score >0 (1- Z score)^-1 if Z score < 0; [C] Z-Score = (x- Mean)/Std Deviation; x- jensen alpha of the stock, mean - mean Jensen's Alpha of the entire universe, std deviation - std dev of the Jensen's alpha of the entire universe |
| Exclusions | Constituents moving out of the Nifty 200 and currently part of the Nifty 200 Alpha 30 are excluded; Rank of stocks goes below 75; |
Index • Last updated: 7/26/2026
Note: Above data is based on average of ETFs / Index Funds.