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NSE Index is the largest Index service provider in India.

Indices are categorized into two types Equity based and Fixed Income based.

The Equity based Indices are of different types. 13 different broad based Indices, which comprises of Large, Mid and Small cap companies. Other than these 13 broad indices, it also have 11 Sectorial Indices, and 18 Thematic Indices. This is not all, there are  Strategy Indices as well, which are designed based on quantitative module to provide a single value for the aggregate performance of multiple companies.

Equity based Indices

Below we have mentioned different Equity Based Indices type and their list, to give you a holistic view of the NSE Indices structure.

13 Broad Based Indexes are mentioned as below:

  1. NIFTY-50 : The NIFTY 50is the flagship index on the National Stock Exchange of India Ltd. (NSE). The Index tracks the behavior of a portfolio of blue chip companies, the largest and most liquid Indian securities. It includes 50 of the approximately 1600 companies listed on the NSE, captures approximately 65% of its float-adjusted market capitalization and is a true reflection of the Indian stock market.
  2. NIFTY Next 50: It represents the balance 50 companies from NIFTY 100 after excluding the NIFTY 50 companies.
  3. NIFTY 100: NIFTY 100 represents top 100 companies based on full market capitalization from
    NIFTY  500. This index intends to measure the performance of large market capitalization companies
  4. NIFTY 200: NIFTY 200 includes all companies forming part of NIFTY 100 and NIFTY Midcap 100 index.
  5. NIFTY LARGE MIDCAP 250: It includes all companies from NIFTY 100 and NIFTY Midcap 1
    50. It intends to measure performance of the large and mid – market capitalization companies.
  6. NIFTY MIDCAP 50: It includes top 50 companies based on full market capitalization from NIFTY Midcap 150 index and on which derivative contracts are available on NSE. In case 50 midcap stocks do not have derivatives contract available on them then it could have less than
    50 stocks in the index
  7. NIFTY MIDCAP 100: It includes all companies from NIFTY Midcap 50. Remaining companies
    are selected based on average daily turnover from NIFTY Midcap 150 index
  8. NIFTY MIDCAP 150: NIFTY Midcap 150 represents the next 150 companies (companies ranked 101-250) based on full market capitalization from NIFTY 500. This index intends to measure the
    performance of mid market capitalization companies.
  9. NIFTY SMALL MIDCAP 400: It includes all companies from NIFTY Midcap 150 and NIFTY
    Smallcap 250. It intends to measure performance of the mid and small market capitalization companies.
  10. NIFTY SMALLCAP 50: It represents top 50 companies selected based on average daily turnover from top 100 companies selected based on full market capitalization in NIFTY Smallcap 250 index.
  11. NIFTY SMALLCAP 100: It includes all companies from NIFTY Smallcap 50. Remaining companies are selected based on average daily turnover from top 150 companies selected based on full market capitalization from NIFTY Smallcap 250 index
  12. NIFTY SMALLCAP 250: NIFTY Smallcap 250 represents the balance 250 companies
    (companies ranked 251 -500) from NIFTY 500. This index intends to measure the performance of small market capitalization companies.
  13. NIFTY 500: NIFTY500 represents the top 500 companies based on full market capitalization from the eligible universe.

Below diagram shall depict how these 13 indices are interrelated.

Other 11 Sectorial Indices are mentioned below:

  1. NIFTY Auto Index: The index is designed to reflect the behavior and performance of the  Automobiles sector which includes manufacturers of cars & motorcycles, heavy vehicles, auto ancillaries, tyres, etc. The index comprises of maximum of 15 stocks and base date of the index is
    January 1, 2004 and a base value of 1000 points.
  2. NIFTYBank Index: The index is designed to reflect the behavior and performance of the large and liquid banks. The index comprises of maximum of 12 stocks and base date of the index is
    January 1, 2000 and a base value of 1000 points.
  3. NIFTY Financial Services Index: The index is designed to reflect the behavior and performance of the Indian financial market which includes banks, financial institutions and housing finance and other financial services companies. The index comprises of maximum of 15 stocks and base date of the index is January 1, 2004 and base value of 1000 points.
  4. NIFTY FMCG Index: The index is designed to reflect the behaviour and performance of Fast  Moving Consumer Goods (FMCG). They are those goods and products, which are non-durable, mass consumption products and available off the shelf. The index comprises of maximum of
    15 companies and base date of the index is January 1, 1996 and base value of 1000 points.
  5. NIFTY IT Index: The index is designed to reflect the behaviour of companies engaged into
    activities such as IT infrastructure, IT education and software training, networking infrastructure, software development, hardware, IT support and maintenance etc. The index comprised of 20 companies with base date of the index being January 1, 1996. The base value of the index was revised from 1000 to 100 with effect from May 28, 2004.
  6. NIFTY Media Index: The NIFTY Media Index is designed to reflect the behavior and performance of sectors such as media & entertainment, printing and publishing. The index comprises of maximum of 15 companies. The base date of the index is December 30, 2005
    and base value of 1000 points.
  7. NIFTY Metal Index: The NIFTY Metal Index is designed to reflect the behavior and performance of the Metals sector including mining. The index comprises of maximum of 15 stocks. The base date of the index is January 1, 2004 and base value of 1000 points.
  8. NIFTY Pharma Index: The NIFTY Pharma Index is designed to reflect the behavior and  performance of the companies that are engaged into manufacturing of pharmaceuticals. The
    index comprises of maximum of  10 stocks. The base date of the index is January 1, 200 1 and base value of 1000 points.
  9. NIFTY Private Bank Index: The NIFTY Private Bank Index is designed to reflect the behavior and performance of the banks from private sector. The index comprises of 10 stocks and weights of each company in the index are capped at 25%. The base date of the index is April 1, 2005 and base value of 1000 points.
  10. NIFTY PSU Bank Index: The NIFTY PSU Bank Index is designed to reflect the behavior and  performance of the public sector banks. The index comprises of maximum of 12 stocks. The base date of the index is January 1, 2004 and base value of 1000 points
  11. NIFTY Realty Index: The NIFTY Realty Index is designed to reflect the behavior and  performance of the companies that are engaged into construction of residential & commercial real estate properties. The index comprises of maximum of 10 stocks. The base date of the index is December 29, 2006 and base value of 1000 points.

18 Thematic Indices are mentioned below:

  1. NIFTY Aditya Birla group
  2. NIFTY Commodities Index
  3. NIFTY CPSE Index
  4. NIFTY Energy Index
  5. NIFTY India Consumption Index
  6. NIFTY Infrastructure Index
  7. NIFTY Mahindra Group
  8. NIFTY Midcap Liquid 15 Index
  9. NIFTY MNC Index
  10. NIFTY PSE Index
  11. NIFTY Services Sector Index
  12. NIFTY Shariah 25 Index
  13. NIFTY Tata group
  14. NIFTY Tata group 25% Cap
  15. NIFTY100 Liquid 15 Index
  16. NIFTY50 Shariah Index
  17. NIFTY500 Shariah Index
  18. NIFTY SME EMERGE

23 Strategy Indices are listed below:

 

FIXED Income Indices:

Now comes Fixed Income Indices, they are used to measure performance of the bond market, they are also used for introduction of Exchange Traded Funds.

Government of India bonds are called NIFTY G-SEC INDICES. They are of two types Duration and Maturity.

These  6 different Duration based  Government of India bond Indices: NIFTY G Sec Indices represent Government of India bonds across 6 distinct duration buckets.
Up to 3 liquid securities, within each duration bucket, shall be eligible to from part of the index

Below are the Maturity based Government of India Bond Indices:

  1. NIFTY 8-13 yr G-Sec Index
  2. NIFTY 10 yr Benchmark G-Sec Index
  3. NIFTY 10 yr Benchmark G-Sec (Clean Price) Index
  4. NIFTY 4-8 yr G-Sec Index
  5. NIFTY 11-15 yr G-Sec Index
  6. NIFTY 15 yr and above G-Sec Index
  7. NIFTY Composite G-Sec Index

Corporate Bond Indices are are designed based on the below mentioned duration categories. NIFTY AAA, AA+, AA, AA- and Banking & PSU Bond Indices Bond Indices measure s the performance of corporate bonds across 6 duration buckets (Macaulay Duration) and distinct rating segments. Each index may consist up to 14 issuers with each issuer being represented by its most liquid bonds.

Below is the list of Money market Indices:

  1. CERTIFICATE OF DEPOSIT INDICES: NIFTY CD Indices consist of 5 indices which individually track the performance of Certificate of Deposits with short term rating of A1+ in 2 month, 3 month, 6 month & 1 year maturity segment and aggregated performance across maturities through an all maturity index.
  2. COMMERCIAL PAPERS INDICES: NIFTY CP Indices consist of 5 indices which individually
    track the performance of Commercial Papers with short term rating of A1+ in 2 month, 3 month, 6 month & 1 year maturity segment and aggregated performance across maturities through an all maturity index.
  3. T-BILLS INDEX SERIES: Consist of 4 indices which individually track the performance of “on the run” T-bill representing 3 distinct maturity segment (91 day, 182 day and 1
    year) and aggregated performance across maturities through an all maturity index.
  4. NIFTY 1D RATE

Fixed Income SDL Indices: NIFTY 10 Year SDL Index seeks to measure the performance of a portfolio of State Development Loans (SDLs) with residual maturity of about 10 years. The index contains SDLs issued by top 14 states selected every year based on their primary issuance volume during previous year. The index captures the total return, including price return and coupon return on the underlying SDL portfolio.

Fixed Income Aggregate Index: NIFTY Fixed Income Aggregate Indices consist of 13 indices which measure the performance of various fixed income portfolios covering Government securities, Corporate bonds of different credit rating categories, Commercial papers, Certificate of deposits, T-Bills and Overnight rate.

  1. NIFTY Liquid Index
  2. NIFTY Ultra Short Duration Debt Index
  3. NIFTY Low Duration Debt Index
  4. NIFTY Money Market Index
  5. NIFTY Short Duration Debt Index
  6. NIFTY Medium Duration Debt Index
  7. NIFTY Medium to Long Duration Debt Index
  8. NIFTY Long Duration Debt Index
  9. NIFTY Composite Debt Index
  10. NIFTY Corporate Bond Index
  11. NIFTY Credit Risk Bond Index
  12. NIFTY Banking & PSU Debt Index
  13. NIFTY All Duration G-Sec Index

And Finally NIFTY Hybrid Indices: The NIFTY Hybrid Index series comprises of 6 indices that blend NIFTY 50 TR and the aggregate fixed income indices in various proportions to reflect performance of hybrid portfolios investing in both asset classes.

  1. NIFTY 50 Hybrid Composite Debt 70:30 Index: NIFTY 50 Equity 70% and debt 30%
  2. NIFTY 50 Hybrid Composite Debt 65:35 Index: NIFTY 50 Equity 65% and debt 35%
  3. NIFTY 50 Hybrid Composite Debt 50:50 Index: NIFTY 50 Equity 50% and debt 50%
  4. NIFTY 50 Hybrid Composite Debt 15:85 Index: NIFTY 50 Equity 15% and debt 85%
  5. NIFTY 50 Hybrid Short Duration Debt 40:60 Index: NIFTY 50 Equity 40% and NIFTY Short Duration Debt Index 60%
  6. NIFTY 50 Hybrid Short Duration Debt 25:75 Index: NIFTY 50 Equity 25% and NIFTY Short Duration Debt Index 75%
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