NSE New Indices - Alpha, High Beta, Low Volatility

NSE, National Stock Exchange, the country's premier stock exchange, has launched three new indices - the CNX Alpha Index, the CNX High Beta Index and the CNX Low Volatility Index.

These are strategic indices, which are designed on the basis of quantitative models / investment strategies to provide a single value for the aggregate performance of a number of companies. The companies must rank within the top 300 companies by average free-float market capitalization and aggregate turnover for the last six months.

CNX Alpha Index:
CNX Alpha index aims to measure the performance of securities listed on NSE with high Alphas, which are measured on the basis of their risk-adjusted value. Weights of securities in the index are assigned based on the alpha values. Security with highest alpha in the index gets highest weight.

CNX High Beta Index:
CNX High Beta Index aims to measure the performance of the stocks listed on NSE that h ave High Beta. Beta can be referred to as a measure of the sensitivity of stock returns to market returns. This index can be used by those who are looking for high-risk-high-return category of stocks.

CNX Low Volatility Index:
CNX Low Volatility Index aims to measure the performance of the least volatile securities listed on NSE. This index can be used to create a portfolio of least-volatile securities which shall curb the downside during the bear phases.

All the above indices have 50 stocks each in their respective index and they will be calculated on an end-of-day basis and their closing value would be available the NSE.The EOD Data and stocks comprising of these indices are available in NSE .

What is Gold ETF - Gold Bees, HDFC Gold, Kotak Gold?

What is Gold Bees or Gold ETF? Gold ETFs are open-ended mutual fund schemes that will invest the money collected from investors in standard gold bullion (0.995 purity). The investors' holding will be denoted in units, which will be listed on a stock exchange.They provide returns that would closely track the returns from physical gold in the spot market. An investor can buy and redeem the units either directly from the mutual fund or from the stock exchange.Presently there are many Gold ETFs traded in NSE India . Some of the listed Gold ETFs are GoldBees ,Reliance Gold,Kotak Gold,UTI Goldshare Why choose Gold? Gold holds its own in any investment evaluation on its strengths as a hedge against inflation, value in the event of political uncertainties and its traditionally negative co-relation with other asset classes such as stocks, fixed income securities and commodities. The value of goods and services that gold can buy has remained stable unlike currencies that have...

Historical Sensex Returns Updated - 2024

Historically Sensex has given returns of about 15% per year, despite volatility and price fluctuations of about -20% to +60%. The following table shows S&P BSE Sensex historical data - start & close values and the yearly returns of the sensex from 2000 to 2024. So far during the year the index has hit an all-time high of 75,124 and despite markets hitting all time highs not all stocks make all-time highs. There are many stocks still below their highs. Stocks like HDFC Bank, ITC, Asian paints are still well below their highs and some of them have given low returns over last 3-5 years. Individual or Retail investors can achieve consistent returns through investing via mutual funds , whether it be active or passive. Chasing returns from individual stocks is futile. Be a wise investor !

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