Nifty Alpha Low-Volatility 30 stocks list
NSEStrategy30 companies
- P/EPrice to earnings of an index. The index's P/E as the exchange publishes it with the close: its members' market value divided by their profit over the last twelve months, each member counted as the index weighs it. Price to earnings of an index: how it is worked out
- 23.35
- P/BPrice to book of an index. The index's P/B as the exchange publishes it: its members' market value divided by their net worth, the assets they own less everything they owe.
- 3.79
- Dividend yieldDividend yield of an index. The index's dividend yield as the exchange publishes it: dividends its members paid over the last twelve months as a percentage of their market value.
- 1.09%
- 1MOne-month return of an index. The latest close against the close a month earlier, on the same date or the last trading day before it, as a percentage. One-month return of an index in the glossary
- −1.04%
- 3MThree-month return of an index. The latest close against the close three months earlier, on the same date or the last trading day before it, as a percentage. Three-month return of an index in the glossary
- −8.83%
- 1YOne-year return of an index. The latest close against the close a year earlier, on the same date or the last trading day before it, as a percentage. One-year return of an index in the glossary
- −7.43%
P/E against its own past
Where today's P/E sits among every trading day of each window: the dot is today, the tick the middle day.
At or below today's level on 15% of 2,305 trading days over the last 10 years.
At or below today's level on 23% of 1,240 trading days over the last 5 years.
At or below today's level on 11% of 744 trading days over the last 3 years.
At or below today's level on 2% of 247 trading days over the last 1 year.
P/E at each month's last trading day, and on 30 Oct 2026
What the Nifty Alpha Low-Volatility 30 companies earned
Revenue against the same quarter a year earlier, over today's members that filed both; profit after tax added up over the members that filed the quarter. A quarter fewer than 60% of them filed is left out, and the newest is added once nearly as many have filed it as the one before.
- Revenue growthRevenue growth, against a year earlier. Revenue of the quarter to Jun 2026 against the same quarter a year earlier, added up over the 29 companies that filed both.
- +19.4%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 30 companies that filed it; a loss counts as negative.
- ₹1,33,144 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 30 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 30of 30
- Median ROCEMedian return on capital employed. The middle figure of the 26 companies' ROCE for the year to Mar 2026, half above and half below. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them.
- 17.8%year to Mar 2026
Revenue against the same quarter a year earlier, per cent
Profit after tax, ₹ crore, added up over the companies that filed
The largest companies
The 12 largest companies in the Nifty Alpha Low-Volatility 30, each sized by its market cap.
Market cap, ₹ crore
- Reliance Industries₹15,76,405 Cr
- Bharti Airtel₹12,31,817 Cr
- ICICI Bank₹10,03,589 Cr
- State Bank of India₹8,87,861 Cr
- Sun Pharmaceutical Industries₹4,26,530 Cr
- Titan Company₹3,93,866 Cr
- Maruti Suzuki India₹3,58,325 Cr
- UltraTech Cement₹3,25,473 Cr
- NTPC₹3,06,657 Cr
- JSW Steel₹3,04,704 Cr
- Bajaj Auto₹2,84,422 Cr
- Coal India₹2,39,730 Cr
Companies in the Nifty Alpha Low-Volatility 30
Largest first, by market cap.
ICICI BankICICIBANK · Banks₹1,398.00+0.82%₹10,03,589 Cr17.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.86%+2.6%
State Bank of IndiaSBIN · Banks₹961.85−1.03%₹8,87,861 Cr10.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.80%+2.9%
Sun Pharmaceutical IndustriesSUNPHARMA · Pharmaceuticals & Biotechnology₹1,777.70+0.95%₹4,26,530 Cr38.9016.3%0.90%+4.4%
UltraTech CementULTRACEMCO · Cement & Cement Products₹11,045.00−1.16%₹3,25,473 Cr37.0012.7%2.17%−8.4%
Torrent PharmaceuticalsTORNTPHARM · Pharmaceuticals & Biotechnology₹4,613.40+0.73%₹1,75,479 Cr82.6012.0%0.82%+28.1%
SBI Life Insurance CompanySBILIFE · Insurance₹1,658.60+0.40%₹1,66,425 Cr62.70Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.16%−15.7%
Pidilite IndustriesPIDILITIND · Chemicals & Petrochemicals₹1,461.60+2.78%₹1,48,870 Cr55.5029.6%0.79%−1.7%
Zydus LifesciencesZYDUSLIFE · Pharmaceuticals & Biotechnology₹1,245.50+5.16%₹1,24,239 Cr27.5015.9%0.08%+26.3%
Apollo Hospitals EnterpriseAPOLLOHOSP · Healthcare Services₹8,448.00+3.02%₹1,21,469 Cr58.1019.9%0.24%+8.4%
Tata Consumer ProductsTATACONSUM · Agricultural Food & other Products₹1,025.90+0.48%₹1,01,533 Cr59.709.4%0.97%−12.8%
The Federal BankFEDERALBNK · Banks₹339.70−2.31%₹83,997 Cr16.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.35%+44.7%
Funds that follow the Nifty Alpha Low-Volatility 30
6 index funds and ETFs track the Nifty Alpha Low-Volatility 30; 1 other fund uses it as its benchmark.Nifty Alpha Low-Volatility 30 index funds and ETFs
ICICI Prudential Nifty Alpha Low- Volatility 30 ETFETF · ICICI Prudential Mutual FundNAV₹25.843130 Oct 20261Y−7.22%3Y–5Y–Size₹1,562 CrCost0.57%
Nippon India Nifty Alpha Low Volatility 30 Index FundIndex Fund · Nippon India Mutual FundNAV₹15.069930 Oct 20261Y−7.23%3Y+8.84%5Y–Size₹1,278 CrCost0.56%
Edelweiss Nifty Alpha Low Volatility 30 Index FundIndex Fund · Edelweiss Mutual FundNAV₹9.407430 Oct 20261Y−7.27%3Y–5Y–Size₹92 CrCost0.56%
UTI Nifty Alpha Low-Volatility 30 Index FundIndex Fund · UTI Mutual FundNAV₹9.116530 Oct 20261Y−7.39%3Y–5Y–Size₹71 CrCost0.79%
Bandhan Nifty Alpha Low Volatility 30 Index FundIndex Fund · Bandhan Mutual FundNAV₹9.56911Y−6.65%3Y–5Y–Size₹9 CrCost0.54%
Kotak Nifty Alpha Low Volatility 30 Index FundIndex Fund · Kotak Mahindra Mutual FundNAV₹9.538030 Oct 20261Y–3Y–5Y–Size₹7 CrCost1.00%
About the Nifty Alpha Low-Volatility 30
Nifty Alpha Low-Volatility 30 is an index of 30 stocks from the Nifty 100 and the Nifty Midcap 50, selected for high alpha and low volatility. It is maintained by NSE Indices.
How companies are chosen
A member of the Nifty 100 or the Nifty Midcap 50 at the time of review qualifies only if its stock is available for trading in the derivative segment (F&O) and has a minimum listing history of 1 year.
The 30 stocks with the top combined score on alpha and low volatility are selected. The top 10 stocks on the average percentile score are included without exception, and an existing constituent is excluded if its rank on that score drops below 50.
How it is weighted
Weights come from each stock's alpha and low volatility scores, counted equally, and at each rebalancing a stock is capped at the lower of 5% or 5 times its weight in an index based only on free-float market capitalization (the market value of the shares available for trading).
Alpha is worked out from the previous 12 months of prices: the stock's average daily return, less the sum of the average daily 3 Month MIBOR rate (a reference rate in the money market) and the stock's beta times the Nifty 50's average daily return above that rate. Beta is a measure of the sensitivity of stock returns to market returns (the Nifty 50 here), calculated on the same 12 months.
The low volatility score is the inverse of the standard deviation of the previous 1-year of lognormal daily stock returns.
When it is reviewed
The index is reconstituted twice a year, in Jun and Dec. Weights may drift between rebalancings as prices move.
An extra reconstitution and rebalancing is started if a constituent is suspended, delisted or undergoes a scheme of arrangement. Each quarter the index is also screened against the portfolio concentration norms for ETFs and index funds that SEBI announced on 10 Jan 2019.
Base date and value
The index has a base date of 1 Apr 2005 and a base value of 1000. It was launched on 10 Jul 2017.
- Published by
- NSE
- Kind
- Strategy
- CompaniesCompanies in an index. How many companies the index holds on its current list, which the exchange revises from time to time. Companies in an index in the glossary
- 30
- List last changed
- 9 Oct 2026
- Above 200-day averageMembers above their 200-day average. The share of the index's members whose latest close is above their own average close of the last 200 trading days; members listed too recently to have one are left out. Members above their 200-day average in the glossary
- 9 of 30
Strategy indices
Others in this group, the most used as a fund's benchmark first.All
Nifty Midcap150 Momentum 5050 companiesP/E 24.02- Nifty50 Value 2020 companiesP/E 14.06
Nifty Smallcap250 Momentum Quality 100100 companiesP/E 24.33- Nifty500 Value 5050 companiesP/E 9.37
BSE Quality Index30 companiesP/E 27.11
Nifty Alpha 5050 companiesP/E 24.36- Nifty100 Equal Weight100 companiesP/E 18.64
- BSE Low Volatility Index30 companiesP/E 25.32
- BSE Midcap 150 Momentum 3030 companiesP/E 23.49
BSE Select IPO71 companiesP/E 55.39