The MHI Index is a custom-built, data-driven indicator designed to track the true strength of the Indian stock market by focusing on high-quality, high-momentum stocks. Unlike traditional indices like NIFTY or Sensex that are market-cap weighted, the MHI Index identifies the top 20% of fundamentally and technically strong stocks from the broader universe, making it a more accurate reflection of market breadth and sentiment. From the stock universe, index is caluclated using custom weighted stocks data using market cap, volume and inverse volatility.
Updated daily using relative strength and regime filters, the MHI Index helps traders and investors:
Whether you're a positional trader or a systematic investor, the MHI Index offers a smarter lens to interpret market direction. Take a look at the demo portfolios created using MHI index with detailed performance stats.
You can observe that despite giving nearly 7X returns compared to NIFTY 50, MHI exhibits much lower volatility.
Returns from the MHI index compared to leading indices from NSE universe.