September 29, 2023
The Nifty 50 index is a well-diversified 50 companies index reflecting overall market conditions. Nifty 50 Index is computed using free float market capitalization method.
Nifty 50 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: Nifty50 USD, Nifty 50 Total Returns Index and Nifty50 Dividend Points Index
Portfolio Characteristics
| Methodology | Free Float Market Capitalization |
|---|---|
| No. of Constituents | 50 |
| Launch Date | April 22, 1996 |
| Base Date | November 03, 1995 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
| Index Returns in (%) | QTD | YTD | 1 Year | 5 Year | Since Inception |
|---|---|---|---|---|---|
| Price of Return | 2.34 | 8.47 | 14.88 | 12.43 | 11.25 |
| Total Return | 2.67 | 9.43 | 16.06 | 13.77 |
Sector Representation
| Sector | Weight(%) |
|---|---|
| Financial Services | 35.95 |
| Information Technology | 13.77 |
| Oil, Gas & Consumable Fuels | 11.24 |
| Automobile and Auto Components | 6.21 |
| Construction | 4.24 |
| Healthcare | 4.12 |
| Metals & Mining | 3.81 |
| Consumer Durables | 3.18 |
| Telecommunications | 2.71 |
| Power | 2.41 |
| Construction Metals | 1.94 |
| Services | 0.77 |
| Chemicals | 0.36 |
| Statistics# | 1 Year | 5 Year | Since Inception |
|---|---|---|---|
| STD Deviation* | 10.26 | 19.29 | 23.16 |
| Beta (NIFTY 50) | 1.00 | 1.00 | 1.00 |
| Correlation (NIFTY 50) | 1.00 | 1.00 | 1.00 |
Fundamentals
| P/E | P/B | Dividend Yield |
|---|---|---|
| 22.21 | 3.45 | 1.37 |
Top Constituents by Weightage
| Sector | Weight(%) |
|---|---|
| Financial Services | 35.95 |
| Information Technology | 13.77 |
| Oil, Gas & Consumable Fuels | 11.24 |
| Automobile and Auto Components | 6.21 |
| Construction | 4.24 |
| Healthcare | 4.12 |
| Metals & Mining | 3.81 |
| Consumer Durables | 3.18 |
| Telecommunications | 2.71 |
| Power | 2.41 |
| Construction Metals | 1.94 |
| Services | 0.77 |
| Chemicals | 0.36 |
| Company's Name | Weight(%) |
|---|---|
| HDFC Bank Ltd. | 13.30 |
| Reliance Industries Ltd. | 9.21 |
| ICICI Bank Ltd. | 7.74 |
| Infosys Ltd. | 5.95 |
| ITC Ltd. | 4.57 |
| Larsen & Toubro Ltd. | 4.24 |
| Tata Consultancy Services Ltd. | 4.20 |
| Axis Bank Ltd. | 3.34 |
| Kotak Mahindra Bank Ltd. | 2.96 |
| Bharti Airtel Ltd. | 2.71 |
## Based on Price Return Index.
# QTD,YTD and 1 year returns are absolute returns.Returns for greater than one year are CAGR returns.
* Average daily standard deviation annualised.
Disclaimer: All information contained herewith is provided for reference purpose only. NSE Indices Limited (formerly known as India Index Services & Products Limited-IISL) ensures accuracy and reliability of the above information to the best of its endeavors. However, NSE Indices Limited makes no warranty or representation as to the accuracy, completeness or reliability of any of the information contained herein and disclaim any and all liability whatsoever to any person for any damage or loss of any nature arising from or as a result of reliance on any of the information provided herein. The information contained in this document is not intended to provide any professional advice.
Index Methodology
Eligibility Criteria for Selection of Constituent Stocks:
- Market impact cost is the best measure of the liquidity of a stock. It accurately reflects the costs faced when actually trading an index. For a stock to qualify for possible inclusion into the Nifty50, have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations, for the basket size of Rs. 100 Million.
- The company should have a listing history of 6 months.
- Companies that are allowed to trade in F&O segment are only eligible to be constituent of the index.
- The Company should have a minimum listing history of 1 month as on the cutoff date.
Index Re-Balancing:
Index is re-balanced on semi-annual basis. The cut-off date is January 31 and July 31 of each year, i.e. For semi-annual review of indices, average data for six months ending the cut-off date is considered. Four weeks prior notice is given to market from the date of
change.
Index Governance:
A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.
Key Indices
| Broad Market | Sectoral Indices | Thematic Indices | Strategy Indices | Fixed Income |
|---|---|---|---|---|
| Nifty 50 | Nifty Bank | Nifty CPSE | Nifty100 Equal Weight | Nifty 10 yr Benchmark G-Sec |
| Nifty Next 50 | Nifty IT | Nifty Commodities | Nifty50 PR 1x Inverse | Nifty 8-13 yr G-Sec |
| Nifty 100 | Nifty PSU Bank | Nifty Energy | Nifty50 PR 2x Leverage | Nifty 4-8 yr G-Sec |
| Nifty 200 | Nifty FMCG | Nifty Shariah 25 | Nifty50 Value 20 | Nifty 11-15 yr G-Sec |
| Nifty 500 | Nifty Private Bank | Nifty 100 Liquid15 | Nifty100 Quality 30 | Nifty 15 yr and above G-Sec |
| Nifty Midcap 50 | Nifty Metal | Nifty Infrastructure | Nifty Low Volatility 50 | Nifty Composite G-Sec |
| Nifty Midcap 100 | Nifty Financial Services | Nifty Corporate Group | Nifty Alpha 50 | Nifty 1D Rate |
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