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This high alpha strategy fund topped charts in FY24: Here are the Top 10 stocks

Money ControlMoney Control · 1y ago
This high alpha strategy fund topped charts in FY24: Here are the Top 10 stocks
Medial

Factor-based investing, particularly in the form of smart-beta funds, is gaining popularity in India. Among these funds, the Kotak Nifty Alpha 50 ETF (KNA50) stands out with a remarkable return of 86% in the last year. KNA50 curates its portfolio by selecting stocks with the highest alpha and average daily turnover from the 300 largest listed stocks, based on trailing one-year price data. Notably, the financial services sector has contributed significantly to KNA50's performance, with PSU names like PFC, REC, IRFC, and PNB providing returns of 100-400% in the last year. The Nifty Alpha 50 Index underwent a rebalancing exercise in March 2024, resulting in 12 stock replacements.

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