NSE Indices launches Nifty Top 10 Equal Weight Index
NSE Indices Limited, a subsidiary of NSE, provides a variety of indices and index-related services for the capital markets.
NSE’s index services subsidiary, NSE Indices Limited has launched a new standard index – Nifty Top 10 Equal Weight. The Nifty Top 10 Equal Weight aims to track the performance of the top 10 companies selected based on free-float market capitalization from the Nifty 50.
All stocks in the index are equally weighted. The base date for the index is March 02, 2006, and the base value is 1000. The index is reconstituted on a semi-annual basis and weights are rebalanced quarterly.
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The index is expected to act as a benchmark for asset managers and a reference index tracked by passive funds in the form of Exchange Traded Funds (ETFs), index funds, and structured products.
NSE Indices Limited (formerly known as India Index Services & Products Ltd), a subsidiary of NSE, provides a variety of indices and index-related services for the capital markets.
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