NSE launches three new indices - CNX Low Volatility Index, CNX High Beta Index, CNX Alpha Index

• CNX Low Volatility Index,
• CNX High Beta Index,
• CNX Alpha Index

India Index Services & Products, a joint venture between the National Stock Exchange and Crisil, today launched three new indices -- the CNX Low Volatility Index, the CNX High Beta Index and the CNX Alpha Index.

 

The CNX Low Volatility index aims to measure the performance of the least volatile securities listed on the NSE, to create a portfolio of least-volatile securities which shall curb the downside during the bear phases, IISL said.

 

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

 

 

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

 

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

 

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

 

These Application Forms can be used for buying regular mutual funds also

 

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan  Invest Online
2. HDFC TaxSaver   Invest Online
3. DSP BlackRock Tax Saver Fund   Invest Online
4. Reliance Tax Saver (ELSS) Fund   Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund  Invest Online
7. SBI Magnum Tax Gain Scheme 1993   Invest Online
8. Sundaram Tax Saver   Invest Online
9. Edelweiss ELSS Invest Online

 

 

The index comprises 50 securities and weights are assigned based on the volatility value. Security, having the lowest-volatility in the index, gets the highest weight, the release said.

 

The CNX High Beta Index aims to measure the performance of the stocks listed on NSE that have high beta. Beta is a measure of the sensitivity of stock returns to market returns.

 

This index is represented by the performance of the S&P CNX Nifty and constitutes 50 securities and weights are assigned based on their Beta values. Stocks having the highest beta get the highest weight, it said.

 

The index, the CNX Alpha Index, aims to measure the performance of those NSE stocks with high alpha value which are measured on the basis of their risk-adjusted value.

 

The index also constitutes 50 securities and weights are assigned based on the alpha values and accordingly those scrips with the highest alpha will have highest weight in the index.

 

The stocks in these indices are selected from the top 300 companies on the NSE based on their average free-float market capitalisation and aggregate turnover for the last six months.

 

It also said the top 50 securities ranked by low volatility, high beta and high alpha form part of respective index and to reduce the replacements of scrip in the index, a buffer of 100 percent shall be applied in the quarterly reviews, for all the three indices.

 

The indices will be calculated on an end-of-day basis and their closing value would be available the NSE