Published on: 2026-10-01
Source: Moscow Exchange –
An important disclaimer is at the bottom of this article.
On October 1, 2026, the Moscow Exchange will begin calculating and publishing the Calm Index, which reflects the price dynamics of the top 10 least volatile mutual funds (MFs). The trading code is ICALM.
The Peace Index includes shares of exchange-traded and open-end mutual funds that meet the following criteria:
- Trading of the fund’s shares on the Moscow Exchange began more than three years ago.
- The share of exchange trades with units of mutual funds included in the Index exceeds 70%.
- The fund is among the top 25 by ownership volume among individuals.
- Shares of ten mutual funds with the lowest volatility are selected from the top 25.
Calm Index – the first indicator of stock exchanges and open mutual funds of the Moscow Exchange.
Alexey Fedorov, Director of the Moscow Exchange Equity Market:
“The Calmness Index is the result of thousands of decisions made by active investors in the collective investment market. The index includes funds primarily focused on capital preservation — these are instruments with minimal volatility that can be used to protect capital. We expect the Calmness Index to help novice private investors take their first steps in the stock market, and experienced ones to diversify their strategy and assemble a resilient portfolio of funds. Shares of all funds in the Calmness Index are available for trading on the Moscow Exchange, which means they can be bought and sold through any broker via a convenient app.”
The tranquility index is calculated and published once a day – based on the results of the main trading session at 7:00 PM. The composition of the index is reviewed monthly. If a fund no longer meets the criteria, it will leave the basket. Retrospective data is available since December 30, 2025.
The initial composition of the Peace Index included shares of the following mutual funds:
- BPIFs “First – Savings Fund” (trading code – SBMM), “First – Conservative Fund” (SAFE), and “First – Government Bonds Fund” (SBGB) managed by Management Company “First”
- BPPIFs “Alfa-Capital Money Market” (AKMM) and “Alfa-Capital Managed Bonds” (AKMB) from the management company “Alfa-Capital”
- The unit investment funds “T-Capital – Eternal Portfolio Strategy D” (TUSD) and “T-Capital Bonds” (TBRU) managed by the asset management company “T-Capital”
- BPIIF “VIM – Corporate Bonds” (OBLG) from UK “VIM Investments”
- BPIF “DOHOD S Bonds Corporate Bonds of the Russian Federation” (BOND) from UC “DOHOD”
- OPIF “BCS Russian Bonds” (RU000A0JP799) by the management company “BCS Russian Bonds”
To replicate the index composition in their portfolio, investors can choose shares of all the funds included in it in equal proportions. Another option is to focus on those that meet the investor’s expectations in terms of returns, investment experience, and risk profile.
Methodology and calculation base Index of tranquility
The Moscow Exchange calculates over 400 different financial market indicators: a family of equity indices, a family of bond indices, government sector indices, pension savings market indices, innovation index, volatility index, commodity indices, real estate index, currency fixings, money market and precious metals market indicators.
On the Moscow Exchange stock market, shares of 243 mutual investment funds from 45 management companies are available, including shares of 113 interval mutual funds (IMFs). The funds’ assets can be invested in stocks, bonds, gold, money market instruments, commodity assets, and derivatives on all types of assets.
Please note; This information is raw content received directly from the information source. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.