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    Factsheet_NiftyTop20EqualWeight

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    Factsheet_NiftyTop20EqualWeight

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    Factsheet_NiftyTop20EqualWeight

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    richmondnischal

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    November 29, 2024

    NSE Indices has developed the Nifty Top 20 Equal Weight which aims to track the performance of the top 20 stocks selected based on
    6-month average free-float market capitalization from the Nifty 50.

    Nifty Top 20 Equal Weight can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds,
    ETFs and structured products.

    Index Variant: Nifty Top 20 Equal Weight Total Returns Index.

    Portfolio Characteristics
    Methodology Equal Weighted Index Since
    QTD YTD 1 Year 5 Years
    No. of Constituents 20 Returns (%) # Inception
    Launch Date October 22, 2024 Price Return -7.04 12.44 19.30 16.54 12.37
    Base Date March 02, 2006 Total Return -6.92 13.76 20.70 17.79 13.93

    Base Value 1000 Since


    Statistics ## 1 Year 5 Years
    Calculation Frequency End of day Inception
    Index Rebalancing Semi - Annually Std. Deviation * 12.94 19.20 22.01
    Sector Representation Beta (NIFTY 50) 0.89 0.99 1.01

    Sector Weight(%) Correlation (NIFTY 50) 0.97 0.98 0.98

    Financial Services 31.35


    Fundamentals
    Information Technology 16.29
    P/E P/B Dividend Yield
    Automobile and Auto Components 13.87
    22.97 4.34 1.18
    Fast Moving Consumer Goods 9.56
    Consumer Durables 8.73
    Top constituents by weightage
    Construction 5.48
    Telecommunication 5.12 Company’s Name Weight(%)
    Healthcare 4.98
    Oil, Gas & Consumable Fuels 4.62 State Bank of India 5.70
    HDFC Bank Ltd. 5.59
    HCL Technologies Ltd. 5.57
    Larsen & Toubro Ltd. 5.48
    ICICI Bank Ltd. 5.43
    Tata Consultancy Services Ltd. 5.41
    Infosys Ltd. 5.31
    Kotak Mahindra Bank Ltd. 5.14
    Bharti Airtel Ltd. 5.12
    Mahindra & Mahindra Ltd. 5.08

    ## 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.
    1
    November 29, 2024

    Index Methodology
    Nifty Top 20 Equal Weight Index aims to track the performance of the top 20 stocks, selected based on free-float market capitalization
    from the Nifty 50 Index

    • The index has a base date of April 01, 2005 and a base value of 1000.
    • Stocks forming part / going to be a part of the Nifty 50 index at the time of review are eligible for inclusion in the index.
    • Each stock in the index is equally weighted
    • The index comprises of 20 stocks
    • The Index is reconstituted semi-annually and rebalanced quarterly

    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 Indices 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

    Contact Us:
    Email: indices@nse.co.in | Tel: +91 22 26598386 | Fax: +91 22 26598120
    Learn more at: www.niftyindices.com
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