Nifty500 Momentum 50 index funds and ETFs
5 index funds and ETFs track the Nifty500 Momentum 50, as each fund house reported for Sep 2026. Closest to the index over the year: Nippon India Nifty 500 Momentum 50 Index Fund. Tracking difference is the fund's return less the index's over the year; its costs make it negative, so the figure nearest nought is the closest.
Index funds on the Nifty500 Momentum 50
Closest to the index first, then the lowest expense ratio. Over the year to the month's end.The Nifty500 Momentum 50
Nippon India Nifty 500 Momentum 50 Index FundNippon India Mutual FundTracking difference−0.08%After fee+0.32%Tracking error0.35%Expense ratio0.67%Fund size, ₹ Cr1,277
Axis Nifty500 Momentum 50 Index FundAxis Mutual FundTracking difference−0.55%After fee−0.22%Tracking error0.34%Expense ratio0.65%Fund size, ₹ Cr175
Bandhan Nifty 500 Momentum 50 Index FundBandhan Mutual FundTracking difference−0.89%After fee−0.35%Tracking error0.30%Expense ratio0.87%Fund size, ₹ Cr37
Motilal Oswal Nifty 500 Momentum 50 Index FundMotilal Oswal Mutual FundTracking difference−1.05%After fee−0.48%Tracking error0.44%Expense ratio0.85%Fund size, ₹ Cr785
Kotak Nifty500 Momentum 50 Index FundKotak Mahindra Mutual FundTracking difference–After fee–Tracking error0.29%Expense ratio0.76%Fund size, ₹ Cr26
About Nifty500 Momentum 50 index funds and ETFs
Nifty500 Momentum 50 index funds and ETFs hold the 50 companies of the Nifty500 Momentum 50, the Nifty 500 members whose prices rose most strongly over the past 6 and 12 months once volatility is allowed for. Each aims for the index's return less costs.
The index they track
The Nifty500 Momentum 50 is maintained by NSE Indices. Momentum means recent price strength. For each eligible Nifty 500 company the index takes the 6-month and 12-month price returns, divides each by the volatility of daily returns over the year, scores each result against the other eligible stocks, and averages the two scores into a Normalized Momentum Score. The 50 highest scores are chosen. The index was launched on 4 Jun 2024.
Weights and reviews
A stock's weight is its free float market cap (the market value of the shares available for trading) multiplied by its score. It is capped at the lower of 5% or 5 times its weight in a plain free float index. The index is reconstituted every Jun and Dec, with a rank buffer: a member ranked within the top 75 stays, and a non-member must rank in the top 25 to enter.
Index funds and ETFs
An index fund deals at the day's NAV (net asset value, the worth of one unit); an ETF trades on the exchange. Either has to trade at each review to match the new members and weights, and that trading adds to its tracking difference.
Tracking difference and tracking error
Tracking difference is the fund's return less the index's over the year to the month's end. Costs usually make it negative, so the figure nearest nought is the closest to the index. The after fee figure adds the year's average expense ratio back. Tracking error is how far the fund's daily returns differed from the index's, stated as a yearly figure.
Expense ratio and fund size
The expense ratio is the yearly charge as a share of money invested, taken out of NAV daily. The page shows Direct and Regular plans separately, gives fund size across all plans at month end, and lists the fund closest to the index first, then the lowest expense ratio.