HomeStock MarketNifty Next 50 Index (Nifty 100 Stock Weightage)

Nifty Next 50 Index (Nifty 100 Stock Weightage)

The NIFTY Next 50 Index represents 50 companies from NIFTY 100 after excluding the NIFTY 50 companies.

Nifty Next 50

Next 50 is computed using the 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.Next 50 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.

Midcap Index India
Nifty Next 50

Nifty Next 50 Index

  • The index has a base date of November 03, 1996, and a base value of 1000
  • The index aims to measure the performance of the next 50 large-cap companies which come after the top 50 companies on the basis of free-float market capitalization within NIFTY 100
  • The selection of securities and weights are based on free-float market capitalization
  • The Next 50 Index represents about 10% of the free-float market capitalization of the stocks listed on NSE as on December 31, 2018
  • As on December 2018, six months average daily turnover of all index constituents is approximately 13% of six months average daily turnover of all stocks listed on NSE
Nifty Next 50 Index | Nifty 100
Nifty Next 50 Index | Nifty 100

Stocks of NIFTY 50 and NIFTY Next 50 together form the part of the large-cap index –‘NIFTY 100’, where, subject to index criteria, the top 50 stocks based on the free-float market cap is represented by NIFTY 50 stocks and ‘next 50’ stocks is represented by NIFTY Next 50 stocks.

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S.NoStock weight %SectorSymbol
1Avenue Supermarts Ltd5.4Consumer DiscretionaryDMART
2Muthoot Finance Ltd4.0FinancialsMUTHOOTFIN
3Apollo Hospitals Enterprise Ltd3.9Health CareAPOLLOHOSP
4Adani Transmission Ltd3.6UtilitiesADANITRANS
5Adani Enterprises Ltd3.2IndustrialsADANIENT
6Vedanta Ltd3.0MaterialsVEDL
7Info Edge (India) Ltd3.0Communication ServicesNAUKRI
8Pidilite Industries Ltd3.0MaterialsPIDILITIND
9Adani Green Energy Ltd2.7UtilitiesADANIGREEN
10Godrej Consumer Products Ltd2.7Consumer StaplesGODREJCP
11ICICI Lombard General Insurance Company Ltd2.6FinancialsICICIGI
12Piramal Enterprises Ltd2.6FinancialsPEL
13Dabur India Ltd2.6Consumer StaplesDABUR
14Larsen & Toubro Infotech Ltd2.5Information TechnologyLTI
15Havells India Ltd2.4IndustrialsHAVELLS
16Jubilant Foodworks Ltd2.2Consumer DiscretionaryJUBLFOOD
17Ambuja Cements Ltd2.1MaterialsAMBUJACEM
18United Spirits Ltd2.1Consumer StaplesMCDOWELL-N
19Marico Ltd2.1Consumer StaplesMARICO
20PI Industries Ltd1.9MaterialsPIIND
21GAIL (India) Ltd1.9UtilitiesGAIL
22HDFC Asset Management Company Ltd1.9FinancialsHDFCAMC
23SBI Cards and Payment Services Ltd1.9FinancialsSBICARD
24DLF Ltd1.9Real EstateDLF
25Siemens Ltd1.8IndustrialsSIEMENS
26Bandhan Bank Ltd1.7FinancialsBANDHANBNK
27Lupin Ltd1.7Health CareLUPIN
28ICICI Prudential Life Insurance Company Ltd1.7FinancialsICICIPRULI
29Cholamandalam Investment and Finance Company Ltd1.7FinancialsCHOLAFIN
30Gland Pharma Ltd1.6Health CareGLAND
31Aurobindo Pharma Ltd1.6Health CareAUROPHARMA
32Colgate-Palmolive (India) Ltd1.6Consumer StaplesCOLPAL
33Hindustan Petroleum Corp Ltd1.5EnergyHINDPETRO
34ACC Ltd1.5MaterialsACC
35Yes Bank Ltd1.5FinancialsYESBANK
36Indraprastha Gas Ltd1.4UtilitiesIGL
37Interglobe Aviation Ltd1.4IndustrialsINDIGO
38Indus Towers Ltd1.4Communication ServicesINDUSTOWER
39Bajaj Holdings and Investment Ltd1.3FinancialsBAJAJHLDNG
40Steel Authority of India Ltd1.3MaterialsSAIL
41NMDC Ltd1.3MaterialsNMDC
42Biocon Ltd1.2Health CareBIOCON
43Torrent Pharmaceuticals Ltd1.2Health CareTORNTPHARM
44Berger Paints India Ltd1.2MaterialsBERGEPAINT
45Bosch Ltd1.1Consumer DiscretionaryBOSCHLTD
46Procter & Gamble Hygiene and Health Care Ltd1.1Consumer StaplesPGHH
47Bank of Baroda Ltd1.1FinancialsBANKBARODA
48Cadila Healthcare Ltd1.0Health CareCADILAHC
49Punjab National Bank0.9FinancialsPNB
50Jindal Steel And Power Ltd0.2MaterialsJINDALSTEL
List of Nifty Next 50 Index stocks with Weightage

Nifty Next 50 Sector Weightage

NIFTY Next 50 has a well-diversified portfolio across sectors with the top 5 sectors accounting for 76% exposure. The index in all has exposure to 14 sectors with 11 sectors having individual weight lesser than 10% each. This makes NIFTY Next 50 a well-diversified index strategy which may appeal to proponents of ‘investment diversification’.

Nifty Next 50 Index Weightage
Nifty Next 50 Index Weightage

Sector Representation Sector Weight

Here is the List of sector with Weightage in Nifty Next 50 Index

  • FINANCIAL SERVICES 29.13 % Sector Weightage
  • CONSUMER GOODS 24.93 % Sector Weightage
  • PHARMA 11.67 % Sector Weightage
  • CEMENT & CEMENT PRODUCTS 6.90 % Sector Weightage
  • ENERGY 6.74 % Sector Weightage
  • AUTOMOBILE 5.12 % Sector Weightage
  • SERVICES 3.97 % Sector Weightage
  • CHEMICALS 2.81 % Sector Weightage
  • METALS 1.98 % Sector Weightage
  • TEXTILES 1.97 % Sector Weightage
  • INDUSTRIAL MANUFACTURING 1.94 % Sector Weightage
  • CONSTRUCTION 1.49 % Sector Weightage
  • IT 0.96 % Sector Weightage
  • TELECOM 0.38 % Sector Weightage
Also Read  Listed Companies in NSE | List of Stocks 2022

Top constituents by weightage

Here is the List of Stocks with weightage in Nifty Next 50 Index

S.NoStock weight %
1Avenue Supermarts Ltd5.4
2Muthoot Finance Ltd4.0
3Apollo Hospitals Enterprise Ltd3.9
4Adani Transmission Ltd3.6
5Adani Enterprises Ltd3.2
6Vedanta Ltd3.0
7Info Edge (India) Ltd3.0
8Pidilite Industries Ltd3.0
9Adani Green Energy Ltd2.7
10Godrej Consumer Products Ltd2.7
11ICICI Lombard General Insurance Company Ltd2.6
12Piramal Enterprises Ltd2.6
13Dabur India Ltd2.6
14Larsen & Toubro Infotech Ltd2.5
15Havells India Ltd2.4
Nifty Next 50 Top constituents by weightage

NIFTY Next 50 has low weight concentration among individual stocks resulting in a highly diversified portfolio. On a stock level basis, NIFTY Next 50 boasts of a diversified and well-distributed portfolio with top 10 stocks contributing close to 35.4% exposure with individual stock weights ranging between 5.47% to 2.85%

Also Read  Nifty Midcap 100 Index 50 Stocks Companies
Nifty Next 50 CAGR
Nifty Next 50 CAGR

Since its inception in November 1996, the NIFTY Next 50 index has delivered an annualized return (PR) of 16.3% as compared to 12.0% of NIFTY 50, a substantial excess return of 4.3% per annum. The outperformance of NIFTY Next 50 for period 10 year, 7 year and 5 year is even better at 6.1%, 6%, 5.4% respectively.

While the returns of NIFTY Next 50 have been impressive, the risk (read standard deviation) has been only marginally higher as compared to that of NIFTY 50 making the ‘return to risk’ ratio for the NIFTY Next 50 considerably better than that of the NIFTY 50 – at least for periods longer than 3 year.

Nifty Next 50 Return
Nifty Next 50 Return

NIFTY Next 50 has outperformed the NIFTY 50 in 13 out of 23 calendar years. Calendar years 1999, 2003, 2009, 2012 & 2017 specifically witnessed great outperformance by NIFTY Next 50.

What are nifty next 50 stocks?

Here is the List of Stocks based on weightage in Nifty Next 50 Index. SBI Life Insurance Company Ltd, HDFC Life Insurance Company Ltd, Godrej Consumer Products Ltd, Dabur India Ltd.

Is Nifty next 50 large cap?

The NIFTY Next 50 Index represents 50 companies [Mostly Large cap Companies] from NIFTY 100 after excluding the NIFTY 50 companies.

Raveendran R
Raveendran R
Editor @


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