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Statistics Overview
Days Range
FINNIFTY Companies
|
Company
 |
LTP
|
Change
|
Day Range
|
|
|---|---|---|---|---|
|
Axis Bank |
₹950.85 |
24.75 (2.67%) |
₹927.60 - ₹953.90 |
|
|
Bajaj Finance |
₹7,043.20 |
19.30 (0.27%) |
₹7,013.05 - ₹7,091.60 |
|
|
Bajaj Finserv |
₹1,458.90 |
1.65 (0.11%) |
₹1,456.20 - ₹1,469.50 |
|
|
Cholaman.Inv.&Fn |
₹1,048.55 |
9.25 (0.89%) |
₹1,036.55 - ₹1,057.00 |
|
|
H D F C |
₹2,644.80 |
-1.10 (-0.04%) |
₹2,642.00 - ₹2,661.90 |
|
|
HDFC AMC |
₹1,963.10 |
-1.80 (-0.09%) |
₹1,953.00 - ₹1,977.90 |
|
|
HDFC Bank |
₹1,604.40 |
-2.10 (-0.13%) |
₹1,602.45 - ₹1,616.50 |
|
|
HDFC Life Insur. |
₹574.15 |
-2.25 (-0.39%) |
₹573.00 - ₹580.95 |
|
|
ICICI Bank |
₹946.75 |
8.60 (0.92%) |
₹943.00 - ₹951.80 |
|
|
ICICI Lombard |
₹1,226.25 |
-6.65 (-0.54%) |
₹1,220.05 - ₹1,243.20 |
|
|
ICICI Pru Life |
₹485.75 |
13.95 (2.96%) |
₹472.35 - ₹487.00 |
|
|
Indian Energy Ex |
₹153.20 |
0.45 (0.29%) |
₹152.50 - ₹153.95 |
|
|
Kotak Mah. Bank |
₹1,924.90 |
-13.85 (-0.71%) |
₹1,922.25 - ₹1,951.50 |
|
|
Muthoot Finance |
₹1,126.90 |
3.30 (0.29%) |
₹1,115.15 - ₹1,129.50 |
|
|
Power Fin.Corpn. |
₹193.65 |
3.20 (1.68%) |
₹190.45 - ₹197.50 |
|
|
REC Ltd |
₹145.25 |
1.00 (0.69%) |
₹144.65 - ₹147.20 |
|
|
SBI Cards |
₹919.80 |
5.40 (0.59%) |
₹912.15 - ₹925.00 |
|
|
SBI Life Insuran |
₹1,215.40 |
12.90 (1.07%) |
₹1,205.00 - ₹1,219.00 |
|
|
Shriram Finance |
₹1,400.95 |
-12.40 (-0.88%) |
₹1,397.65 - ₹1,427.15 |
|
|
St Bk of India |
₹587.20 |
0.00 (0.00%) |
₹586.00 - ₹589.80 |
|
FINNIFTY Sectors
| Sector Name | Advances | No Change | Declined |
|---|---|---|---|
| Banks | 2 | 5 | 2 |
| Finance | 7 | 10 | 3 |
| Miscellaneous | 1 | 1 | 0 |
| Insurance | 2 | 4 | 2 |
Data 2
Data 3
What is NIFTY Financial Services?
NIFTY Financial Services is a sectoral index on the National Stock Exchange (NSE) which captures the performance of the financial market in the Indian economy. It is a real-time index of 20 stocks that serve as banks, NBFCs, housing finance companies, financial institutions, and other financial service companies.
The basic industries eligible to be included in the NIFTY Financial Services index are Asset Management Companies, Depositories, Clearing Houses and Other Intermediaries, Exchange and Data Platforms, Financial Institutions, Financial Products Distributors, Financial Technology (FinTech), General Insurance, Holding Companies, Housing Finance Companies, Insurance Distributors, Investment Companies, Life Insurance, Non-Banking Financial Company (NBFCs), Other Banks, Other Capital Market-related Services, Other Financial Services, Other Insurance Companies, Private Sector Banks, Public Sector Banks, Rating Agencies, and Stockbroking & Allied Services based companies.
This NIFTY Financial Services index was launched on September 7, 2011, with the base date as January 1, 2004, and the base value at 1000. Since its inception, the NIFTY Financial Services share price has breached the levels of 16000 at ~17 P/E multiples.
The NIFTY Fin Service index is owned and managed by NSE Indices Limited, previously known as India Index Services & Products Limited. FIN NIFTY is governed by a three-tier structure that comprises the BOD of NSE Indices, the Index Advisory Committee and the Index Maintenance Sub-Committee.
NIFTY Financial Services has a variant in the form of the NIFTY Financial Services Total Returns Index. This index has practical applications for launching ETFs, index funds, and structured investment products, as well as for benchmarking fund portfolios.
How is NIFTY Financial Services calculated? How are stocks selected for inclusion in NIFTY Financial Services?
The NIFTY Financial Services’ share price is computed by weighting its 20 stocks on the basis of periodically capped free-float market capitalization relative to a base market capitalization value.
The securities must fulfill the following eligibility criteria to be included in the NIFTY Financial Services index:
- Should be listed on the National Stock Exchange.
- Should form a part of NIFTY 500 universe.
- Should be a part of the Financial Services sector.
- Should preferably be traded on NSE’s F&O segment.
- A recently listed company (IPO) can be included if it meets the above eligibility criteria for a period of three months instead of six months.
- Should adhere to the cap of 33% in case of a single stock and 62% for the top 3 stocks cumulatively at the time of rebalancing. This capping factor is realigned on a quarterly basis in the months of March, June, September, and December on the basis of T-3 prices.
The final selection involves the following steps:
Step 1: Calculate the weights of each sub-sector of financial services stocks in NIFTY 500 based on average float-adjusted market capitalization.
Step 2: Sort the companies in descending order based on average float-adjusted market capitalization within each subsector.
Step 3: Include the companies if their average free-float market capitalization is at least 1.5 times of the index’s smallest constituent’s average free-float market capitalization.
Step 4: Companies from each sub-sector will be selected in the same proportion as their sub-sector’s weightage in the main index, as calculated in Step 1.
The index value is calculated as follows –
Index value = Current market capitalization/ (Base market capitalization * Base Index Value)
The NIFTY Financial Services index is reconstituted semi-annually based on six months of data, with the cutoff date being January 31 and July 31 of each year.
FAQs
NIFTY Financial Services index includes 20 stocks from the FinServ industry. HDFC Bank, ICICI Bank, and HDFC together account for more than half of the index. Kotak, SBI, Axis Bank, Bajaj Finance, Bajaj Finserv, HDFC Life Insurance Co., and SBI Life Insurance Co. complete the top 10 constituents.
Banks are heavily represented in the NIFTY Financial Services index at 63.1% weight, followed by Housing Finance Companies at 18.5%. NBFCs and Insurance Companies account for another 8% weight each. The remaining 2.4% is cumulatively held by the other financial institutions.
There are several ways of investing in NIFTY Financial Services, such as:
Direct Investing: With a trading account, you can invest in individual stocks from NIFTY Financial Services.
Exchange Traded Derivatives: Futures and Options are available on the NIFTY Financial Services index at NSE and NSE IFSC exchanges in the lot size of 5 lakhs and with 7 serial weekly cycles and 3 months trading cycles.
Index Funds and Exchange-Traded Funds: ETF offerings are cheaper alternatives that closely replicate FIN NIFTY’s performance.
NIFTY Financial Services index has generated total returns of 10.94% in the past 5 years and 17.25% since inception at high volatility levels. The index is highly correlated to NIFTY 50 and the NIFTY Bank index.
NIFTY Financial Services index offers more diversified exposure to the finance industry as it isn’t solely restricted to banks. It has outperformed the NIFTY Bank index over long-term horizons at relatively lower annualized volatility levels.
NIFTY Financial Services index’s basic objective is to serve as the benchmark for evaluating the Indian financial services industry. It is useful to gain broad exposure to a diversified set of companies working across various sub-sectors of the financial services industry.
