Nifty Total Market Momentum Quality 50 Share Price

The Nifty Total Market Momentum Quality 50 index is a factor-based index designed to track 50 quality companies from the Nifty Total Market index.

It selects stocks from the Nifty Total Market universe using a combination of momentum and quality factors. It is managed by the National Stock Exchange of India's index services framework.

The index combines momentum indicators such as price performance with quality indicators linked to financial strength and business stability. Stocks are selected through a rules-based methodology using factor scores and eligibility filters.

The weight of each stock in the index is determined using a combination of composite factor scores and free-float market capitalization.

The index follows a factor-based stock selection process using momentum and quality criteria.

1. Step 1: Universe Definition

   
   Stocks are selected from the Nifty Total Market index.

2. Step 2: Eligibility Filters

   
   Stocks are excluded if:
   • Non-F&O stocks hit upper or lower circuit limits on 20% or more trading days during the past 6 months.
   • Promoter pledge exceeds 20%.
   • Stocks fall in the bottom 10th percentile based on the 6-month average daily turnover.
   • Stocks fall in the bottom 10th percentile based on turnover ratio.

3. Step 3: Factor Score Evaluation

   
   Eligible stocks are evaluated using:
   • Momentum factor indicators
   • Quality factor indicators
   • Aggregate percentile score

4. Step 4: Ranking Process

   
   Final stock ranking is based on:
   Aggregate Percentile Score = 50% Momentum Score + 50% Quality Score

5. Step 5: Final Stock Selection

   
   The top 50 stocks based on aggregate percentile scores are then finally included in the index.

The index is calculated using a tilt-weighted free-float market capitalization methodology.

1. Step 1: Free-float Market Cap Calculation

   
   Free-Float Market Cap = Free-Float Shares x Current Market Price (Excluding Promoter Holdings).

2. Step 2: Composite Factor Score Calculation

   
   Each stock receives a combined score based on momentum and quality factors.
   Composite Factor Score = 50% Normalized Momentum Score + 50% Quality Score

3. Step 3: Weight Assignment

   
   Stock weights are determined using:
   ➤ Composite factor score
   ➤ Free-float market capitalization

   Each stock weight is capped at the lower of 5% or 5 times the stock's free-float market capitalization.

4. Step 4: Index Value Calculation

   
   The weighted free-float market capitalization of all constituents is aggregated to derive the index value.
   Index Value = Index Market Cap / Base Free-float Market Cap of index * Base Value

5. Step 5: Adjustments & Continuity

   
   Corporate actions such as stock splits, bonus issues, mergers, and rights issues are adjusted to maintain index continuity.

6. Step 6: Review & Rebalancing

   
   The Nifty Total Market Momentum Quality 50 share price is reconstituted and rebalanced semi-annually in June and December.

Let us look at some benefits of investing in Nifty Total Market Momentum Quality 50:

• Dual Factor Strategy: Combines momentum and quality factors within a single index framework.
• Broad Market Coverage: Selects stocks from the wider Nifty Total Market universe across sectors and market capitalizations.
• Rules-Based Stock Selection: Uses predefined filters related to liquidity, promoter pledge, and trading activity.
• Factor-Weighted Methodology: Weights companies using a combination of factor scores and free-float market capitalization.
• Diversified Exposure: Includes companies from multiple sectors instead of concentrating on a single industry.
• Benchmark for Smart Beta Products: Fund houses can use it for ETFs, index funds, and factor-based investment strategies.

With Anand Rathi's TradeMobi platform, investing in the Nifty Total Market Momentum Quality 50 or NSE indices is simple.

Here's how to get started:

1. Step 1: Open / Login to Your Account

   
   Start by registering and opening your demat account and trading account.

2. Step 2: Explore Investment Options

   
   Look for smart beta funds, ETFs, or factor-based products linked to the index.

3. Step 3: Choose Your Investment

   
   Pick a suitable investment option based on your understanding of momentum and quality investing.

4. Step 4: Invest and Track

   
   Monitor the Nifty Total Market Momentum Quality 50 share price and constituent changes regularly.

5. Step 5: Stay Updated

   
   Track factor trends, market movements, and portfolio changes affecting the index.

The Nifty Total Market Momentum Quality 50 index was introduced on August 6, 2025, as a variant of the momentum/quality index. It tracks companies selected based on a combination of momentum and quality factors within the broader Nifty Total Market universe.

It was created amid the growing adoption of smart beta and factor-based investing strategies in the Indian equity market.

Over time, the index has served as a benchmark for smart beta products, including ETFs, index funds, and structured investment products.