• As on ,
  • All Prices are in INR

The Nifty India Defence Index which aims to track the performance of portfolio of stocks that broadly represent the Defence theme. From the Nifty Total Market index, stocks forming part of eligible basic industries or those which obtain at least 10% of revenues from the defence industry are eligible to be included in the index and are chosen based on 6 month average free-float market capitalization. The weight of the stocks in the index is based on their free-float market capitalization. Stock weights are capped at 20%.

Highlights

  • The index has a base date of April 02, 2018, with a base value of 1000
  • Stocks part of / going to form part of the Nifty Total Market at the time of review are eligible for inclusion in the index
  • Stocks forming part of the certain eligible ‘basic industries’ based on AMFI Industry Classification or stocks which are present in the Society of Indian Defence Manufacturers (SIDM) member list and obtain at least 10% of revenues from the defence segment are eligible to be included from the universe at the time of review
  • Minimum number of stocks within the index is 10
  • The weight of each stock in the index is based on its free float market capitalization
  • Stocks weights are capped at 20% each
  • The Index is reconstituted semi-annually along with Nifty Broad-based indices