The National Stock Exchange (NSE) is poised to enrich the landscape of India’s capital markets by introducing four innovative indices starting April 8. This strategic move aims to cater to a diverse investor base, offering them a broader spectrum of investment opportunities in both the capital markets and Futures & Options (F&O) segments. The launch underscores NSE’s commitment to enhancing market accessibility and diversity.
The newly introduced indices include the Nifty Tata Group 25 percent Cap, Nifty 500 Multicap India Manufacturing 50:30:20, Nifty 500 Multicap Infrastructure 50:30:20, and Nifty MidSmall Healthcare. Each of these indices is designed to track specific segments of the market, reflecting the evolving needs and preferences of investors.
The Nifty MidSmall Healthcare index, for instance, focuses on the performance of midcap and smallcap stocks within the healthcare sector, highlighting companies like Max Healthcare Institute, Lupin Limited, and Aurobindo Pharma. Since its inception, this index has already achieved a remarkable return of 21.33 percent.
Similarly, the Nifty 500 Multicap India Manufacturing 50:30:20 index is crafted to mirror the manufacturing sector’s dynamics, featuring a mix of large, mid, and small-cap stocks from the Nifty 500 index. Esteemed companies such as Reliance Industries, Sun Pharma, and Tata Motors are among its top constituents, with the index generating returns of 15.72 percent since inception.
Furthermore, the Nifty Tata Group 25 percent Cap index offers a unique opportunity to invest in NSE-listed companies belonging to the Tata Group, showcasing an impressive return of 17.34 percent since inception. Meanwhile, the Nifty500 Multicap Infrastructure 50:30:20 index aims to capture the essence of the infrastructure sector, including key players like Larsen & Toubro, Reliance Industries, and Bharti Airtel, and has yielded returns of 15.81 percent since inception.
These indices not only provide investors with new avenues for sector-specific investments but also contribute to the depth and breadth of India’s financial markets. As these indices become available to F&O members on NEAT terminals, they represent NSE’s ongoing efforts to introduce more nuanced and tailored investment products, catering to the varied interests and strategies of the investing community.
