Nifty Financial Services Index Weightage

The Nifty Financial Services Index is designed to reflect the behavior and performance of the Indian financial market which includes

Banks,
Financial institutions,
Housing finance,
Insurance companies and
Other Financial services companies.

All Companies in this index is form part of the Finance Sector.

Nifty Financial Services Index

The Index comprises of 20 stocks that are listed on the National Stock Exchange (NSE). NIFTY Financial Services Index is computed using a free-float market capitalization method, wherein the level of the index reflects the total free-float market value of all the stocks in the index relative to a particular base market capitalization value. Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.

Base Date: January 01, 2004
Base Value: 1000
Launch Date: September 07, 2011
No of Constituents: 20

Top Company Weightage in Financial Services Index

Here is the list of Top Companies in financial services index with high Weightage arranged in Order

HDFC Bank Ltd. 24.77 % Stock Weightage
Housing Development Finance Corporation 18.74 % Stock Weightage
ICICI Bank Ltd. 15.69 % Stock Weightage
Kotak Mahindra Bank Ltd. 10.14 % Stock Weightage
Axis Bank Ltd. 7.56 % Stock Weightage
State Bank of India 5.77 % Stock Weightage
Bajaj Finance Ltd. 4.93 % Stock Weightage
Bajaj Finserv Ltd. 2.56 % Stock Weightage
HDFC Life Insurance Company Ltd. 1.65 % Stock Weightage
SBI Life Insurance Company Ltd. 1.60 % Stock Weightage

Weightage of each stock in the index is be calculated based on its free-float market capitalization such that no single stock shall be more than 34% and weightage of the top 3 stocks cumulatively shall not be more than 63% at the time of rebalancing.