• As on ,
  • All Prices are in INR

The Nifty EV & New Age Automotive Index aims to track the performance of companies which form a part of the EV ecosystem or are involved in the development of new age automotive vehicles or related technology.

 

Highlights

  • The index has a base date of April 02, 2018 and a base value of 1000
  • Stocks forming part / going to be a part of the Nifty 500 index at the time of review are eligible for inclusion in the index
  • Stocks forming a part of the Nifty 500 are eligible to be a part of the index provided they are involved in the production and supply of electric or new age automotive vehicles, batteries, components, raw materials, and technology
  • The overall weight of the stocks belonging to the Group A (Manufacturing of 2W/3W/4W/PV/CV Electric and New age automotive vehicles) shall be capped at 40%.
  • The weight of each stock belonging to Group A shall be capped at 8%. All other stocks are capped at 4%.
  • The index is reconstituted semi-annually and rebalanced on a quarterly basis