Does people invest in Nifty alpha 50 companies?

[Anirudh]

@RajendraPatil

Can you throw some light on quant models you have deployed above alpha 50… ofcource only if you want share your secret recipe.

a secret is a secret but i will give frequent updates about my portfolio (if possible)
thanks

[abhiwin123]

@ranton137

the data is not recreated by zerodha but nse maintains the index data in such a way. Zerodha doesnt create any data it just relays to end user from NSE or whoever maintains the index. Refer to niftyindices.com for more info

Well, I never said data is being recreated by Zerodha. I said, someone from Zerodha should be able to explain - for even if the data is coming from Exchange, I haven’t come across an instance where data is being passed on as legit for an index before its launch date. Though I accept … I have limited understanding of this.

[VijayNair]

Traded value of kotak Nifty 50 Alpha etf is only 40-50 lac inr per day currently.

[RajendraPatil]

@neha1101

In you view, what would be the reason for no AMC having a MF replicating this.

No idea. But it makes me cautious. Maybe Factor investing concept is not popular/known in India. On the top of it Factor computation by NSE suspicially arbitrary…

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@abhiwin123

I calculated that. Risk Adjusted Returns (Sharpe) of NIFTY ALPHA 50 are better than NIFTY 50.

Oh this is good… The drawdowns are deep and longer duration in alpha 50. Probably thats why I assumed its risky

@abhiwin123

Someone from Zerodha should really explain the data coming in Kite and if it is being reconstructed like that in a backward manner

I guess, thats NSE supplied data, Zerodha may not have control over it.
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@Anirudh

my quant model try to pick best stocks at right moments with in the alpha 50 universe only so that churn can be

ohh… got it. Nice thinking. If you are not too deep yet, You may like to look at alpha-low volatility factor universe . Performance is better ( more CAGR, lower Drawdown… in back testing ofcource) and intuitively lower churn.

[Anirudh]

thanks for your reco