The Nifty Conglomerate 50 Index aims to track the performance of 50 stocks from the Nifty 500 Index that represent India’s Conglomerates. The largest stocks from each Indian conglomerate groups in Nifty 500 are selected based on their 6-month average free float market capitalization. The weight of each stock in the index is based on its free-float market capitalization subject to a Conglomerate group cap of 23% and stock cap of 10%.