Momentum index funds draw stocks from diversified indices focused on large-cap stocks and from pure mid-cap indices. But, given the criteria of stock-picking, some stocks cross the qualification threshold for more than one momentum index fund
Public-sector entities like NTPC, Bharat Electronics and Bank Of Baroda are now part of the Nifty200 Momentum 30 index, which appeals to the high-risk investor. Economic recovery has been an energy booster to the otherwise slow-moving Public Sector Undertaking (PSU) stocks
Of the 30 index constituents 15 stocks were replaced with new picks