5 ETFs Below Rs 50 Showing Golden Crossover Signals; Check The List

On Friday, Indian equity benchmarks ended lower, with the benchmark Nifty 50 index declining 0.18 per cent to close at 23,375.55. Despite the weak broader market sentiment, several exchange-traded funds (ETFs) priced below Rs 50 ended the session in positive territory, reflecting continued investor interest in passive investment products.

What Is A Golden Crossover?

A Golden Crossover is a widely tracked technical indicator that occurs when a stock or ETF's 50-day Simple Moving Average (SMA) crosses above its 200-day Simple Moving Average (SMA). Market participants often view this as a potential signal of strengthening medium-to-long-term momentum, as it indicates that recent price performance has started outperforming the longer-term trend.

While the indicator does not guarantee future gains, it is frequently monitored by traders and technical analysts for identifying potential trend reversals and bullish momentum.

Midcap ETFs Lead The Gains

Among ETFs trading below Rs 50, Kotak Nifty Midcap 150 ETF emerged as the top performer, gaining 1.24 per cent to close at Rs 22.89.

HDFC Nifty Midcap 150 ETF advanced 0.62 per cent to Rs 22.69, while Mirae Asset Nifty Midcap 150 ETF rose 0.44 per cent to Rs 22.90.

ICICI Prudential Nifty Midcap 150 ETF gained 0.43 per cent to close at Rs 23.20.

The positive movement in these ETFs comes as investors continue to track the broader midcap segment, which has shown resilience despite market volatility.

Alpha ETF Also In Focus

Among factor-based ETFs, Kotak Nifty Alpha 50 ETF gained 0.12 per cent to close at Rs 50.42.

Alpha-focused ETFs track stocks selected on the basis of historical outperformance and are often monitored by investors seeking exposure to momentum-driven strategies.

ETFs Below Rs 50 That Investors May Watch

Passive Investing Continues To Gain Traction

ETFs continue to attract investor interest due to their diversified exposure, lower expense ratios and ease of trading on stock exchanges. Midcap-focused ETFs provide access to a basket of mid-sized companies, while factor-based ETFs, such as Alpha ETFs, seek to capture performance through quantitative investment strategies.

As investors monitor both fundamental trends and technical indicators such as the 50-day and 200-day SMA Golden Crossover, these low-priced ETFs may remain on the radar in the coming sessions.

Disclaimer: The article is for informational purposes only and not investment advice.