NSE Index Ltd. has launched a new index – Nifty AQLV 30 Plus 5yr G-Sec 70:30 Index – to measure the performance of hybrid portfolios with 70% exposure to Nifty Alpha Quality Low Volatility 30 and 30% exposure to Nifty 5. has been designed. Year Benchmark G-Sec Index (Nifty 5 Year G-Sec).
The index is derived from the total return volumes of two different indices – Nifty Alpha Quality Low Volatility 30 Index and Nifty 5 Year Benchmark G-Sec Index.
The weighting of the equity and fixed income sub-indexes may decrease between monthly reset dates due to underlying asset price movement; The weights will be rebalanced on monthly basis on the first working day of the month.
Nifty Alpha Quality Low Volatility 30 is an index designed to reflect the performance of a portfolio of stocks selected based on a combination of alpha, quality and low-volatility factors. According to the factsheet, the index is intended to counter the cyclicality of a single-factor index strategy and provide investors with the option of exposure to multiple factors through a single index product. The index comprises 30 stocks selected from Nifty 100 and Nifty Midcap 50. It was launched on July 10, 2017.
Top sectors in the index include fast moving consumer goods, information technology, consumer durables, healthcare, automobiles, auto components, capital goods, chemicals, textiles and construction materials.
Furthermore, Nifty 5 Year Benchmark G-Sec Index is a single bond index tracking the most liquid 5-year benchmark security issued by the Government of India.
The new hybrid index, built on the basis of the above equity and fixed income indices, is expected to act as a benchmark for asset managers and be a reference index tracked by funds such as exchange-traded funds (ETFs), index funds and structured products. have hope.
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