NIFTY Multi-Factor Indices are designed to reflect the performance of a portfolio of stocks that are selected based on combination of 2 or more factors selected from 4 single-factors namely, Quality, Value, Alpha and Low Volatility. It intends to counter the cyclicality of single factor index strategy and provides investors a choice to take exposure to multiple factors through a single index product.

List of Multi-Factor Indices

· NIFTY Alpha Low-Volatility 30

· NIFTY Quality Low-Volatility 30

· NIFTY Alpha Quality Low-Volatility 30

· NIFTY Alpha Quality Value Low-Volatility 30

Highlights of the Multi-factor Indices

The index series has a base date of April 01, 2005 and a base value of 1000. Stocks from NIFTY 100 and NIFTY Midcap 50 at the time of review are eligible for inclusion in the indices. Indices consist of well diversified portfolio of 30 stocks selected based on combination of 2 or more factors from the 4 factors - Alpha, Quality, Value and Low-Volatility. Stock selection and weights are derived from factor scores resulting in portfolio capturing the essence of underlying factor dynamics. With threshold mechanism that lays down stringent criteria for inclusion and exclusion, the index seeks to minimize degree of churning and replication cost.