The NIFTY Private Bank Index is designed to reflect the performance of the banks from the private sector. It can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETF’s and structured products.
- Base Date: April 01, 2005
- Base Value: 1000
- Launch Date: January 05, 2016
- No of Constituents: 10
The index comprises of 10 stocks and weights of each company in the index were capped at 25% (until March 29, 2019). The base date of the index is April 1, 2005, and the base value of 1000 points.
Stocks List of Nifty Private banks with Weightage
This is a List of Top constituents by weightage. HDFC Banks has the Highest weightage in the Index with a Weigtage of 27.24 %.
- HDFC Bank Ltd. 27.24 % Stock Weightage
- ICICI Bank Ltd. 21.07 % Stock Weightage
- Axis Bank Ltd. 15.10 % Stock Weightage
- Kotak Mahindra Bank Ltd. 13.75 % Stock Weightage
- IndusInd Bank Ltd. 12.90 % Stock Weightage
- Federal Bank Ltd. 2.41 % Stock Weightage
- City Union Bank Ltd. 2.25 % Stock Weightage
- RBL Bank Ltd. 2.13 % Stock Weightage
- Yes Bank Ltd. 1.95 % Stock Weightage
- IDFC First Bank Ltd. 1.19 % Stock Weightage
The Top 3 Stocks Contribute more than 60 % of the total index weightage. 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 top 3 stocks cumulatively shall not be more than 63% at the time of rebalancing.
Historical Chart with Return
This is the chart of the Nifty Private Bank Index with Return from the Year 2005 to 2020. The Outlook for the Sector is Good
The Indices Has given a total return of 22.7 % CAGR for the last fifteen Years from 2005 to 2020. This is one of the best performing sectors in India.
Fundamental PE (P/E) and PB (P/B) Ratio and Dividend Yield of Private Bank index
- P/E: 41.31
- P/B: 3.83
- Dividend Yield: 0.38
List of Companies in Nifty Private bank Index with Symbol
This is the list of Stocks in the Index with the Symbol
Company Name | Symbol |
Axis Bank Ltd. | AXISBANK |
City Union Bank Ltd. | CUB |
Federal Bank Ltd. | FEDERALBNK |
HDFC Bank Ltd. | HDFCBANK |
ICICI Bank Ltd. | ICICIBANK |
IDFC First Bank Ltd. | IDFCFIRSTB |
IndusInd Bank Ltd. | INDUSINDBK |
Kotak Mahindra Bank Ltd. | KOTAKBANK |
RBL Bank Ltd. | RBLBANK |
Yes Bank Ltd. | YESBANK |