INDIA: NSE Indices Launches Nifty Non- Cyclical Consumer Index

Thursday November 18 2021

On 17^th November 2021, NSE Indices Limited launched a new index – Nifty Non-Cyclical Consumer index.

The Nifty Non-Cyclical Consumer Index aims to track the performance of portfolio of stocks that broadly represent the Non-Cyclical Consumer theme within the basic industries like Consumer Goods, Consumer Services, Telecom, Services, Media, Entertainment, Publication, Textiles sectors etc. The largest 30 stocks from eligible basic industries are chosen based on their 6-month average free-float market capitalization as on the cutoff dates at the end of January and July. The weight of the stocks in the index is based on their free- float market capitalization with weight of a stock in the index capped at 10%.

The index is expected to act as a benchmark for asset managers and be a reference index tracked by passive funds in the form of Exchange Traded Funds (ETFs), index funds and structured products.

The base date for the index is April 01^st, 2005 and base value is 1000. Index reconstitution will be done on a semi-annual basis.

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