Index Reconstitution Calendar

Index Reconstitution Calendar

SR. NO.	Index Name	Effective date of change
1	Nifty 50	Semi-annually - Last working day of March and September
2	Nifty Next 50	Semi-annually - Last working day of March and September
3	Nifty 100	Semi-annually - Last working day of March and September
4	Nifty 200	Semi-annually - Last working day of March and September
5	Nifty 500	Semi-annually - Last working day of March and September
6	Nifty Midcap 150	Semi-annually - Last working day of March and September
7	Nifty Midcap 50	Semi-annually - Last working day of March and September
8	Nifty Midcap 100	Semi-annually - Last working day of March and September
9	Nifty Midcap Select	Semi-annually - Last working day of March and September
10	Nifty Smallcap 500	Semi-annually - Last working day of March and September
11	Nifty Smallcap 250	Semi-annually - Last working day of March and September
12	Nifty Smallcap 50	Semi-annually - Last working day of March and September
13	Nifty Smallcap 100	Semi-annually - Last working day of March and September
14	Nifty LargeMidcap 250	Semi-annually - Last working day of March and September
15	Nifty MidSmallcap 400	Semi-annually - Last working day of March and September
16	Nifty MidSmallcap400 50:50	Semi-annually - Last working day of March and September
17	Nifty500 Multicap 50:25:25	Semi-annually - Last working day of March and September
18	Nifty500 LargeMidSmall Equal-Cap Weighted	Semi-annually – Last working day of March and September
19	Nifty Microcap 250	Semi-annually - Last working day of March and September
20	Nifty Total Market	Semi-annually - Last working day of March and September
21	Nifty India FPI 150	Quarterly - Last working day of March, June, September and December

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO.	Index Name	Effective date of change
1	Nifty Auto	Semi-annually - Last working day of March and September
2	Nifty Bank	Semi-annually - Last working day of March and September
3	Nifty Capital Goods	Semi-annually - Last working day of March and September
4	Nifty Cement	Semi-annually - Last working day of March and September
5	Nifty Chemicals	Semi-annually - Last working day of March and September
6	Nifty Commercial & Transport Services	Semi-annually - Last working day of March and September
7	Nifty Construction	Semi-annually - Last working day of March and September
8	Nifty Consumer Durables	Semi-annually - Last working day of March and September
9	Nifty Consumer Services	Semi-annually - Last working day of March and September
10	Nifty Financial Services	Semi-annually - Last working day of March and September
11	Nifty Financial Services 25/50	Semi-annually - Last working day of March and September
12	Nifty Financial Services Ex-Bank	Semi-annually - Last working day of March and September
13	Nifty FMCG	Semi-annually - Last working day of March and September
14	Nifty Healthcare	Semi-annually - Last working day of March and September
15	Nifty Hospitals	Semi-annually - Last working day of March and September
16	Nifty Housing Finance	Semi-annually - Last working day of March and September
17	Nifty Insurance	Semi-annually - Last working day of March and September
18	Nifty IT	Semi-annually - Last working day of March and September
19	Nifty Media	Semi-annually - Last working day of March and September
20	Nifty Metal	Semi-annually - Last working day of March and September
21	Nifty MidSmall Financial Services	Semi-annually - Last working day of March and September
22	Nifty MidSmall Healthcare	Semi-annually - Last working day of March and September
23	Nifty MidSmall IT & Telecom	Semi-annually - Last working day of March and September
24	Nifty NBFC	Semi-annually - Last working day of March and September
25	Nifty Oil & Gas	Semi-annually - Last working day of March and September
26	Nifty Pharma	Semi-annually - Last working day of March and September
27	Nifty Power	Semi-annually - Last working day of March and September
28	Nifty Private Bank	Semi-annually - Last working day of March and September
29	Nifty PSU Bank	Semi-annually - Last working day of March and September
30	Nifty Realty	Semi-annually - Last working day of March and September
31	Nifty REITs & Realty	Quarterly - Last working day of March, June, September and December
32	Nifty Retail	Semi-annually - Last working day of March and September
33	Nifty Telecommunications	Semi-annually - Last working day of March and September
34	Nifty500 Healthcare	Semi-annually - Last working day of March and September

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO.	Index Name	Effective date of change
1	Nifty Alpha 50	Quarterly - Last working day of March, June, September and December
2	Nifty High Beta 50	Quarterly - Last working day of March, June, September and December
3	Nifty Low Volatility 50	Quarterly - Last working day of March, June, September and December
4	Nifty100 Alpha 30	Quarterly - Last working day of March, June, September and December
5	Nifty100 Low Volatility 30	Quarterly - Last working day of March, June, September and December
6	Nifty200 Alpha 30	Quarterly - Last working day of March, June, September and December
7	Nifty Alpha Low-Volatility 30	Semi-annually - Last working day of June and December
8	Nifty Alpha Quality Low-Volatility 30	Semi-annually - Last working day of June and December
9	Nifty Alpha Quality Value Low-Volatility 30	Semi-annually - Last working day of June and December
10	Nifty Midcap150 Momentum 50	Semi-annually - Last working day of June and December
11	Nifty Midcap150 Quality 50	Semi-annually - Last working day of June and December
12	Nifty Quality Low-Volatility 30	Semi-annually - Last working day of June and December
13	Nifty100 Quality 30	Semi-annually - Last working day of June and December
14	Nifty200 Momentum 30	Semi-annually - Last working day of June and December
15	Nifty200 Quality 30	Semi-annually - Last working day of June and December
16	Nifty500 Flexicap Quality 30	Semi-annually – Last working day of June and December
17	Nifty500 Value 50	Semi-annually - Last working day of June and December
18	Nifty500 Low Volatility 50	Semi-annually - Last working day of June and December
19	Nifty500 Momentum 50	Semi-annually - Last working day of June and December
20	Nifty500 Quality 50	Semi-annually - Last working day of June and December
21	Nifty500 Multifactor MQVLv 50	Semi-annually - Last working day of June and December
22	Nifty Total Market Momentum Quality 50	Semi-annually - Last working day of June and December
23	Nifty500 Multicap Momentum Quality 50	Semi-annually - Last working day of June and December
24	Nifty MidSmallcap400 Momentum Quality 100	Semi-annually - Last working day of June and December
25	Nifty Smallcap250 Quality 50	Semi-annually - Last working day of June and December
26	Nifty Smallcap250 Momentum Quality 100	Semi-annually - Last working day of June and December
27	Nifty Growth Sectors 15	Semi-annually - Last working day of March and September
28	Nifty500 Equal Weight	Semi-annually - Last working day of March and September
29	Nifty100 Equal Weight	Semi-annually - Last working day of March and September
30	Nifty50 Equal Weight	Semi-annually - Last working day of March and September
31	Nifty Top 10 Equal Weight	Semi - annually – Last working day of March and September
32	Nifty Top 15 Equal Weight	Semi - annually – Last working day of March and September
33	Nifty Top 20 Equal Weight	Semi - annually – Last working day of March and September
34	Nifty50 Value 20	Annually - Last working day of December
35	Nifty200 Value 30	Semi-annually – Last working day of June and December
36	Nifty Dividend Opportunities 50	Annually - Last working day of March

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO.	Index Name	Effective date of change
1	Nifty Aditya Birla Group	Quarterly - Last working day of March, June, September and December
2	Nifty Mahindra Group	Quarterly - Last working day of March, June, September and December
3	Nifty SME EMERGE	Quarterly - Last working day of March, June, September and December
4	Nifty Tata Group	Quarterly - Last working day of March, June, September and December
5	Nifty REITs & InvITs	Quarterly - Last working day of March, June, September and December
6	Nifty IPO	Quarterly – Last working day of March, June, September and December
7	Nifty100 Enhanced ESG	Semi-annually - Last working day of June and December
8	Nifty100 ESG	Semi-annually - Last working day of June and December
9	Nifty100 ESG Sector Leaders	Semi-annually - Last working day of June and December
10	Nifty Commodities	Semi-annually - Last working day of March and September
11	Nifty Capital Markets	Semi-annually – Last working day of March and September
12	Nifty Conglomerate 50	Quarterly – Last working day of March, June, September and December
13	Nifty Core Housing	Semi-annually - Last working day of March and September
14	Nifty Energy	Semi-annually - Last working day of March and September
15	Nifty EV and New Age Automotive	Semi-annually – Last working day of March and September
16	Nifty Housing	Semi-annually - Last working day of March and September
17	Nifty India Consumption	Semi-annually - Last working day of March and September
18	Nifty India Defence	Semi-annually - Last working day of March and September
19	Nifty India Digital	Semi-annually - Last working day of March and September
20	Nifty India Infrastructure & Logistics	Semi-annually – Last working day of March and September
21	Nifty India Internet	Semi-annually - Last working day of March and September
22	Nifty India Manufacturing	Semi-annually - Last working day of March and September
23	Nifty India New Age Consumption	Semi-annually – Last working day of March and September
24	Nifty India Railways PSU	Semi-annually – Last working day of March and September
25	Nifty India Tourism	Semi-annually – Last working day of March and September
26	Nifty India Select 5 Corporate Groups (MAATR)	Quarterly - Last working day of March, June, September and December
27	Nifty Infrastructure	Semi-annually - Last working day of March and September
28	Nifty Midcap Liquid 15	Semi-annually - Last working day of March and September
29	Nifty MidSmall India Consumption	Semi-annually - Last working day of March and September
30	Nifty MNC	Semi-annually - Last working day of March and September
31	Nifty Mobility	Semi-annually - Last working day of March and September
32	Nifty Non-Cyclical Consumer	Semi-annually - Last working day of March and September
33	Nifty PSE	Semi-annually - Last working day of March and September
34	Nifty Rural	Semi-annually – Last working day of March and September
35	Nifty Services Sector	Semi-annually - Last working day of March and September
36	Nifty Small Finance Banks & Microfinance Institutions	Semi-annually - Last working day of March and September
37	Nifty Sugar & Ethanol	Semi-annually - Last working day of March and September
38	Nifty Tata Group 25% Cap	Semi-annually - Last working day of March and September
39	Nifty Transportation & Logistics	Semi-annually - Last working day of March and September
40	Nifty100 Liquid 15	Semi-annually - Last working day of March and September
41	Nifty Shariah 25	Semi-annually - Last working day of March and September ^{(See Note 1)}
42	Nifty50 Shariah	Semi-annually - Last working day of March and September ^{(See Note 1)}
43	Nifty500 Shariah	Semi-annually - Last working day of March and September ^{(See Note 1)}
44	Nifty500 Multicap India Manufacturing 50:30:20	Semi-annually - Last working day of March and September
45	Nifty500 Multicap Infrastructure 50:30:20	Semi-annually - Last working day of March and September
46	Nifty Waves	Semi-annually - Last working day of March and September

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO.	Index Name	Effective date of change
1	Nifty 10 yr Benchmark G-Sec	Upon identification of new 10 year G-Sec
2	Nifty 10 yr Benchmark G-Sec (Clean Price)	Upon identification of new 10 year G-Sec
3	Nifty 5 yr Benchmark G-Sec	Fortnightly - Last working day of each fortnight
4	Nifty G-Sec Indices (Duration and Maturity based excluding 1, 2 and 3 stated above)	Monthly - Last working day of each month
5	Nifty India Select 7 Government Bond (INR & USD)	Monthly - Last working day of each month

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO.	Index Name	Effective date of change
1	Nifty AAA, AA+, AA, AA- Corporate Bond	Quarterly - Last working day of March, June, September and December
2	Nifty Banking & PSU Bond	Quarterly - Last working day of March, June, September and December
3	Nifty A Corporate Bond	Monthly - Last working day of every month

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO.	Index Name	Effective date of change
1	Nifty 10 Year SDL	Weekly – Next working day after successful auction

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO.	Index Name	Effective date of change
1	Nifty T-Bills Index Series	Weekly – Next working day after successful auction
2	Nifty Commercial Papers (CP) Index Series	Monthly - Last working day of every month
3	Nifty Certificate of Deposits (CD) Index Series	Monthly - Last working day of every month
4	Nifty Financial Services 3 to 6 Months Debt	Quarterly - 10th calendar day of March, June, September, and December
5	Nifty Financial Services 9 to 12 Months Debt	Semi-annually - 10th calendar day of June and December

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO.	Index Name	Effective date of change
1	Nifty SDL Plus G-Sec Jun 2028 30:70	Annually - Rebalancing last working day of June
2	Nifty AAA Bond Plus SDL Apr 2026 50:50	Quarterly - Last working day of March, June, September and December
3	Nifty AAA Bond Plus SDL Apr 2026 70:30	Quarterly - Last working day of March, June, September and December
4	Nifty AAA Bond Plus SDL Apr 2031 70:30	Quarterly - Last working day of March, June, September and December
5	Nifty AAA CPSE Bond Plus SDL Apr 2027 60:40	Quarterly - Last working day of March, June, September and December
6	Nifty BHARAT Bond Index - April 2023 *	Quarterly - Last working day of March, June, September and December
7	Nifty BHARAT Bond Index - April 2025 #	Quarterly - Last working day of March, June, September and December
8	Nifty BHARAT Bond Index - April 2030	Quarterly - Last working day of March, June, September and December
9	Nifty BHARAT Bond Index - April 2031	Quarterly - Last working day of March, June, September and December
10	Nifty BHARAT Bond Index - April 2032	Quarterly - Last working day of March, June, September and December
11	Nifty BHARAT Bond Index - April 2033	Quarterly - Last working day of March, June, September and December
12	Nifty CPSE Bond Plus SDL Sep 2024 50:50	Quarterly - Last working day of March, June, September and December
13	Nifty CPSE Bond Plus SDL Sep 2026 50:50	Quarterly - Last working day of March, June, September and December
14	Nifty G-Sec Jun 2027	Quarterly - Last working day of March, June, September and December
15	Nifty PSU Bond Plus SDL Apr 2026 50:50	Quarterly - Last working day of March, June, September and December
16	Nifty PSU Bond Plus SDL Apr 2027 50:50	Quarterly - Last working day of March, June, September and December
17	Nifty PSU Bond Plus SDL Sep 2027 40:60	Quarterly - Last working day of March, June, September and December
18	Nifty SDL Apr 2026 Top 20 Equal Weight	Quarterly - Last working day of March, June, September and December
19	Nifty SDL Apr 2027	Quarterly - Last working day of March, June, September and December
20	Nifty SDL Apr 2027 Top 12 Equal Weight	Quarterly - Last working day of March, June, September and December
21	Nifty SDL Apr 2032 Top 12 Equal Weight	Quarterly - Last working day of March, June, September and December
22	Nifty SDL Jun 2027	Quarterly - Last working day of March, June, September and December
23	Nifty SDL Plus AAA PSU Bond Dec 2027 60:40	Quarterly - Last working day of March, June, September and December
24	Nifty SDL Plus PSU Bond Sep 2026 60:40	Quarterly - Last working day of March, June, September and December
25	Nifty SDL Sep 2027	Quarterly - Last working day of March, June, September and December
26	Nifty AAA PSU Bond Plus SDL Apr 2026 50:50	Semi-annually - Last working day of June and December
27	Nifty G-Sec Apr 2029	Semi-annually - Last working day of June and December
28	Nifty G-Sec Dec 2026	Semi-annually - Last working day of June and December
29	Nifty G-Sec Dec 2029	Semi-annually - Last working day of June and December
30	Nifty G-Sec Dec 2030	Semi-annually - Last working day of June and December
31	Nifty G-Sec Jul 2027	Semi-annually - Last working day of June and December
32	Nifty G-Sec Jul 2031	Semi-annually - Last working day of June and December
33	Nifty G-Sec Jun 2036	Semi-annually - Last working day of June and December
34	Nifty G-Sec May 2029	Semi-annually - Last working day of June and December
35	Nifty G-Sec Oct 2028	Semi-annually - Last working day of June and December
36	Nifty G-Sec Sep 2027	Semi-annually - Last working day of June and December
37	Nifty G-Sec Sep 2032 (former name: Nifty G-sec Sep 2032 V1)	Semi-annually - Last working day of June and December
38	Nifty SDL Dec 2026	Semi-annually - Last working day of June and December
39	Nifty SDL Dec 2028	Semi-annually - Last working day of June and December
40	Nifty SDL Jul 2026	Semi-annually - Last working day of June and December
41	Nifty SDL Jul 2028	Semi-annually - Last working day of June and December
42	Nifty SDL Jul 2033	Semi-annually - Last working day of June and December
43	Nifty SDL June 2028	Semi-annually - Last working day of June and December
44	Nifty SDL Oct 2026	Semi-annually - Last working day of June and December
45	Nifty SDL Plus AAA PSU Bond Apr 2026 75:25	Semi-annually - Last working day of June and December
46	Nifty SDL Plus AAA PSU Bond Apr 2028 75:25	Semi-annually - Last working day of June and December
47	Nifty SDL Plus AAA PSU Bond Jul 2028 60:40	Semi-annually - Last working day of June and December
48	Nifty SDL Plus AAA PSU Bond Jul 2033 60:40	Semi-annually - Last working day of June and December
49	Nifty SDL Plus G-Sec Jun 2028 70:30	Semi-annually - Last working day of June and December
50	Nifty SDL Plus G-Sec Jun 2029 70:30	Semi-annually - Last working day of June and December
51	Nifty SDL Plus G-Sec June 2027 40:60	Semi-annually - Last working day of June and December
52	Nifty SDL Plus G-Sec Sep 2027 50:50	Semi-annually - Last working day of June and December
53	Nifty SDL Sep 2025	Semi-annually - Last working day of June and December
54	Nifty SDL Sep 2026	Semi-annually - Last working day of June and December
55	Nifty SDL Sep 2026 V1	Semi-annually - Last working day of June and December
56	Nifty AAA PSU Bond Plus SDL Sep 2026 50:50	Semi-annually - Last working day of March and September
57	Nifty AAA Bond Plus G-Sec Mar 2035 30:70	Semi-annually - Last working day of June and December
58	Nifty AAA Financial Services Bond Mar 2028	Semi-annually - Last working day of June and December
59	Nifty AAA Financial Services Bond Plus G-Sec Apr 2028 90:10	Semi-annually - Last working day of June and December
60	Nifty AAA Financial Services Bond Plus G-Sec Apr 2027 90:10	Semi-annually - Last working day of June and December
61	Nifty SDL Apr 2031 Top 20 Equal Weight HTM Index	Quarterly - Last working day of March, June, September and December

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the first working day after F&O expiry of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

4. * Index matured on April 15, 2023.

5. # Index matured on April 15, 2025.

SR. NO.	Index Name	Effective date of change
1	Nifty India Sovereign Green Bond Jan 2028	Monthly - Last working day of each month
2	Nifty India Sovereign Green Bond Jan 2033	Monthly - Last working day of each month

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO.	Index Name	Effective date of change
1	Nifty India Municipal Bond	Quarterly - Last working day of March, June, September and December

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.