The National Stock Exchange (NSE) ON June 07, 2024, notified regarding the launch of the Nifty500 LargeMidSmall Equal-Cap Weighted index.
The following has been stated namely: -
• It aims to measure the performance of a portfolio comprising large-cap, mid-cap, and small-cap companies with equal weight assigned to each market segment (Large-cap, Mid-cap, and Small-cap).
• It shall include all companies that are part of the Nifty 500 index.
• It states that the total weight of each of the three segments is fixed at 33.33% each at every quarterly rebalance date.
• It shall appeal to investors seeking targeted exposure to Large, Mid, and Small market-cap segments of the Nifty 500 Index.
• It states that the base date for the index shall be April 01, 2005, and a base value shall be 1000.
• It states that the index composition shall be reconstituted on a semi-annual basis and weights shall be rebalanced every quarter.
• It states that 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.
For more information on index methodology and factsheet, please visit us at www.niftyindices.com or www.nseindia.com.
