Nifty Alpha Low-Volatility 30 Live Chart
O 26992.75
H 26992.75
L 26992.75
Nifty Alpha Low-Volatility 30 Performance
Days Range
Previous Close27,087.90
Open26,992.75
52W Range20,809.75 - 31,547.05
P/E Ratio26.2
Nifty Alpha Low-Volatility 30 Companies
|
Company
 |
LTP
|
Change
|
Day Range
|
|
|---|---|---|---|---|
|
Axis Bank |
₹1,141.75 |
7.80 (0.69%) |
₹1,115.75 - ₹1,152.00 |
|
|
Bajaj Auto |
₹9,464.85 |
-80.85 (-0.85%) |
₹9,414.35 - ₹9,554.00 |
|
|
Bharti Airtel |
₹1,519.20 |
-6.30 (-0.41%) |
₹1,511.00 - ₹1,542.05 |
|
|
Bosch |
₹34,087.00 |
-215.00 (-0.63%) |
₹33,817.50 - ₹34,399.90 |
|
|
Britannia Inds. |
₹4,771.65 |
-121.05 (-2.47%) |
₹4,746.90 - ₹4,885.00 |
|
|
Colgate-Palmoliv |
₹2,687.65 |
-45.85 (-1.68%) |
₹2,669.35 - ₹2,738.00 |
|
|
Cummins India |
₹3,289.00 |
-12.25 (-0.37%) |
₹3,244.25 - ₹3,310.00 |
|
|
Dr Reddy's Labs |
₹1,193.40 |
-20.05 (-1.65%) |
₹1,172.50 - ₹1,206.70 |
|
|
Grasim Inds |
₹2,544.75 |
36.60 (1.46%) |
₹2,480.15 - ₹2,555.65 |
|
|
ICICI Bank |
₹1,251.85 |
2.75 (0.22%) |
₹1,232.55 - ₹1,256.05 |
|
|
ICICI Lombard |
₹1,819.40 |
-21.50 (-1.17%) |
₹1,812.50 - ₹1,846.70 |
|
|
ITC |
₹456.85 |
-10.50 (-2.25%) |
₹456.10 - ₹464.05 |
|
|
Larsen & Toubro |
₹3,492.30 |
-13.60 (-0.39%) |
₹3,452.45 - ₹3,530.55 |
|
|
Lupin |
₹2,037.30 |
-0.90 (-0.04%) |
₹2,008.50 - ₹2,065.00 |
|
|
Maruti Suzuki |
₹10,898.90 |
-60.40 (-0.55%) |
₹10,770.00 - ₹10,958.20 |
|
|
MRF |
₹123,305.50 |
354.90 (0.29%) |
₹121,751.00 - ₹124,100.00 |
|
|
Nestle India |
₹2,205.35 |
-8.80 (-0.40%) |
₹2,187.00 - ₹2,215.00 |
|
|
NTPC |
₹358.40 |
-8.30 (-2.26%) |
₹354.80 - ₹364.35 |
|
|
O N G C |
₹242.25 |
-5.75 (-2.32%) |
₹241.75 - ₹248.00 |
|
|
Reliance Industr |
₹1,223.75 |
-17.90 (-1.44%) |
₹1,220.10 - ₹1,243.95 |
|
|
Siemens |
₹6,677.85 |
32.20 (0.48%) |
₹6,551.45 - ₹6,712.00 |
|
|
St Bk of India |
₹782.70 |
-20.30 (-2.53%) |
₹761.55 - ₹798.50 |
|
|
Sun Pharma.Inds. |
₹1,763.55 |
-13.70 (-0.77%) |
₹1,758.05 - ₹1,791.45 |
|
|
Tata Consumer |
₹911.00 |
-6.15 (-0.67%) |
₹900.50 - ₹922.00 |
|
|
Tata Motors |
₹778.00 |
-5.20 (-0.66%) |
₹766.25 - ₹785.95 |
|
|
Titan Company |
₹3,163.55 |
-61.15 (-1.90%) |
₹3,148.35 - ₹3,233.95 |
|
|
Torrent Pharma. |
₹3,091.40 |
-3.45 (-0.11%) |
₹3,076.00 - ₹3,128.00 |
|
|
TVS Motor Co. |
₹2,396.75 |
-32.50 (-1.34%) |
₹2,389.90 - ₹2,429.25 |
|
|
UltraTech Cem. |
₹10,912.05 |
142.50 (1.32%) |
₹10,555.00 - ₹10,919.90 |
|
|
Zydus Lifesci. |
₹940.70 |
-6.90 (-0.73%) |
₹933.60 - ₹950.00 |
|
Nifty Alpha Low-Volatility 30 Sectors
| Sector Name | Advances | No Change | Declined |
|---|---|---|---|
| Auto Ancillaries | 1 | 1 | 0 |
| Automobile | 3 | 4 | 1 |
| Banks | 1 | 3 | 2 |
| Capital Goods - Electrical Equipment | 1 | 1 | 0 |
| Capital Goods-Non Electrical Equipment | 0 | 1 | 1 |
| Cement | 1 | 1 | 0 |
| Crude Oil & Natural Gas | 0 | 1 | 1 |
| Diamond, Gems and Jewellery | 1 | 1 | 0 |
| FMCG | 1 | 3 | 2 |
| Infrastructure Developers & Operators | 0 | 1 | 1 |
| Pharmaceuticals | 4 | 5 | 1 |
| Plantation & Plantation Products | 0 | 1 | 1 |
| Power Generation & Distribution | 0 | 1 | 0 |
| Refineries | 0 | 1 | 1 |
| Telecomm-Service | 0 | 1 | 1 |
| Textiles | 0 | 1 | 1 |
| Tobacco Products | 1 | 1 | 0 |
| Tyres | 1 | 1 | 0 |
| Insurance | 1 | 1 | 0 |
What is NIFTY Alpha Low-Volatility 30?
NIFTY Alpha Low-Volatility 30 is a strategy index on the National Stock Exchange (NSE) that is designed to capture the performance of a portfolio of stocks that are selected based on a 50:50 combination of alpha and low volatility. It is a diversified index of 30 stocks selected from the NIFTY 100 and NIFTY Midcap 50 indexes. These stocks span 14 sectors of the economy, with almost 31% representation given to FMCG, followed by IT, Healthcare, Power, and Chemicals. These top 5 sectors together account for more than half of the index.
This NIFTY Alpha Low-Volatility 30 index was launched on July 10, 2017, with the base date as April 1, 2005, and the base value at 1000. The NIFTY Alpha Low-Volatility share price since inception has breached the levels of 16,000 at ~29x P/E multiples. It is reconstituted on a semi-annual basis.
The NIFTY Alpha Low-Volatility 30 index is owned and managed by NSE Indices Limited, previously known as India Index Services & Products Limited. It is governed by a three-tier structure that comprises the BOD of NSE Indices, the Index Advisory Committee and the Index Maintenance Sub-Committee.
This index is useful for launching index funds, ETFs, and structured products. It is also suitable for benchmarking fund portfolios that seek to take exposure to multiple factors instead of focusing on single factors that are given to cyclicality.
Orgainisation
Nifty Alpha Low-Volatility 30
Exchange
NSE
How is NIFTY Alpha Low-Volatility 30 Calculated? How Are Stocks Selected for Inclusion in NIFTY Alpha Low-Volatility 30?
The NIFTY Alpha Low-Volatility 30 share price is computed by factor-weighting its 30 stocks based on an average percentile score on a real-time basis. This score is a 50:50 combination of:
- Jensen’s Alpha from CAPM based on past 1-year prices, which gives an Alpha Z score
- Inverse of the standard deviation of daily price returns, which gives a Low Vol Z score
The weights are based on weighted average factor level Z score and are capped at 5% or 5x the weight of the stock in the index based on float-adjusted market capitalisation.
To be inserted in the NIFTY Alpha Low-Volatility 30 index, the companies must fulfil the following eligibility criteria:
- It will be listed on the National Stock Exchange.
- It will form a part of the NIFTY 100 and NIFTY Midcap 50 indices.
- It will have a minimum listing history of 1 year.
- Will include the securities which are tradeable on NSE’s derivatives segment.
- Will include the securities that have undergone a scheme of arrangement, such as spin-offs, capital restructuring, etc., if they have traded for at least 12 calendar months before the cut-off date for index reconstitution.
- Will compulsorily include the top 10 stocks ranked on the basis of average percentile score.
- Will exclude a stock if its rank falls below 50 based on average percentile score.
The index value is calculated as follows –
Index value = (Modified Index Market Capitalization / Index Divisor) * 1000
Where,
Modified Index Market Capitalization = Index Shares modified as per weight * Price
Base Index Divisor is considered to have a value of INR 1 billion
The NIFTY Alpha Low-Volatility 30 index is reviewed semi-annually based on six months of data in the months of June and December each year. Ad-hoc rebalancing may be undertaken in instances of suspension, delisting or scheme of arrangement. The Alpha Low-Volatility index is also screened, on a quarterly basis, for compliance with SEBI’s portfolio concentration norms for ETFs/Index Funds since 2019.
Nifty Alpha Low-Volatility 30 FAQs
NIFTY Alpha Low-Volatility 30 index includes the top 30 least volatile stocks from the NIFTY 100 and NIFTY Midcap 50 indexes- preferably the ones with derivative contracts that are factor-weighted by alpha and volatility. Some of the constituents include Nestle, Britannia, ITC etc.
How to invest in NIFTY Alpha Low-Volatility 30?
You can gain exposure to NIFTY Alpha Low-Volatility 30 through the following two ways:
Spot Investing: With a demat account, you can invest in individual stocks from NIFTY Alpha Low-Volatility 30 in a similar weighted proportion.
Exchange-Traded Funds: Some companies have open-ended factor-based smart beta FOF offerings with NIFTY Alpha Low-Volatility 30 index as an underlying with a mix of large cap and mid cap companies. You can invest in them either lump sum or through SIPs.
Should you Invest in the NIFTY Alpha Low-Volatility 30 index? Is the investment in NIFTY Alpha Low-Volatility 30 safe?
NIFTY Alpha Low-Volatility 30 index has generated total returns of 18.55% since inception and 11.14% in the past 5 years. It has managed to meet the index goals of maintaining low volatility. It is correlated to the NIFTY 50 index and has maintained low beta levels. It is a suitable investment choice for those looking to invest in blue-chip companies that aren’t limited to NIFTY’s top 50 stocks.
How has NIFTY Alpha Low-Volatility 30 index performed v/s NIFTY 50?
NIFTY Alpha Low-Volatility index has outperformed the NIFTY benchmark over the long-term horizon. The cumulative returns of this strategy have been twice the returns of NIFTY 50 over a 14-years period.
What is the objective of NIFTY Alpha Low-Volatility 30?
NIFTY Alpha Low-Volatility 30 index’s primary objective is to reflect the essence of the underlying factor dynamics-alpha and low volatility- in the portfolio of stocks selected for the index. It enables investors to beat the downfalls of single factor strategy by investing in an index that provides the blend of both active and passive investing by securing higher risk-adjusted returns.
