Nifty 200 Alpha 30: relative strength and momentum
Factor. Compared with Nifty 500 TRI.
As of 2026-10-23, Nifty 200 Alpha 30 has an ArthaNiti relative-strength score of 52 out of 100 (neutral) against Nifty 500 TRI, in the Falling behind phase (losing ground, and faster); the score moved -21 points in four weeks. Returns use ETF NAV.
1 week−6.1%
1 month−9.5%
3 months−8.3%
6 months−5.6%
1 year−3.7%
3 years, a year–
5 years, a year–
Volatility, 1 year19.2%
Worst fall, 1 year−14.9%
Above 200-day averageNo
What is inside Nifty 200 Alpha 30: holdings and weights
Nifty 200 Alpha 30 holds 30 stocks; the top 10 make up 47% of the index. 30% of its stocks trade above their 200-day average.
- 9 of 30 stocks (30%) are above their 200-day average — narrow participation.
- Short-term breadth (7% above 50-day) is fading faster than long-term — momentum is cooling.
- Top 10 stocks are 47% of the index; half the weight sits in 12 stocks.
- Biggest 1-month driver: Federal Bank Ltd. (+4.2%).
- Largest group: Financial Services — 11 stocks, about 35% of the weight.
| Stock | Industry | Weight | 3 months | Momentum score |
|---|---|---|---|---|
| MCX Multi Commodity Exchange of India Ltd. | Financial Services | 5.10% | +9.7% | 78 |
| BHEL Bharat Heavy Electricals Ltd. | Capital Goods | 5.10% | −5.4% | 75 |
| LAURUSLABS Laurus Labs Ltd. | Healthcare | 5.07% | +25.6% | 98 |
| SHRIRAMFIN Shriram Finance Ltd. | Financial Services | 4.80% | −15.7% | 52 |
| IDEA Vodafone Idea Ltd. | Telecommunication | 4.67% | −13.9% | 66 |
| NATIONALUM National Aluminium Co. Ltd. | Metals & Mining | 4.62% | −12.8% | 48 |
| ADANIENSOL Adani Energy Solutions Ltd. | Power | 4.38% | −27.5% | 50 |
| MOTHERSON Samvardhana Motherson International Ltd. | Automobile and Auto Components | 4.35% | +4.2% | 79 |
| BHARATFORG Bharat Forge Ltd. | Automobile and Auto Components | 4.35% | −21.3% | 58 |
| FEDERALBNK Federal Bank Ltd. | Financial Services | 4.15% | −3.8% | 83 |
ETFs that track Nifty 200 Alpha 30
| ETF | NSE symbol | Expense ratio | Tracking diff, 1 yr | AUM |
|---|---|---|---|---|
| Mirae Asset Nifty 200 Alpha 30 ETF | ALPHAETF | 0.78% | -1.15% | ₹388 Cr |
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