Nifty Financial Services Index Rises 0.58%; Muthoot Finance, Kotak Bank Lead Gains

As of June 9, 2025, 1:26 PM, the Nifty Financial Services Index stood at 27,004.30, marking a gain of 155.40 points or 0.58%. The index tracks the performance of India’s financial sector, including banks, NBFCs, insurance firms, housing finance companies, and other financial services providers.

Overview of Nifty Financial Services Index

The Nifty Financial Services Index reflects how financial companies in India perform. It includes 20 major stocks listed on the NSE and is calculated using the free-float market capitalisation method, which means only shares available for public trading are considered. The index serves as a useful benchmark for mutual funds and is also the basis for ETFs and structured products.

Launched on January 1, 2004, the index uses January 1, 2004, as its base date with a base value of 1,000. It is rebalanced semi-annually and also has a total returns variant that factors in dividends.

Top Gainers

Top Losers

Major Constituents by Weight

The Nifty Financial Services Index is dominated by major banks and non-banking financial companies (NBFCs). HDFC Bank holds the highest weight at 32.73%, followed by ICICI Bank at 22.57%. Axis Bank contributes 7.54%, while State Bank of India (SBI) and Kotak Mahindra Bank have weights of 6.90% and 6.75% respectively. Bajaj Finance and Bajaj Finserv account for 5.31% and 2.43%. 

Other key constituents include Jio Financial Services (2.08%), Shriram Finance (1.98%), and HDFC Life Insurance (1.84%), reflecting the strong presence of both traditional banks and diversified financial services firms in the index.

Read More: Bank Nifty Hits Record High, Surpasses 57,000 Mark Fuelled by RBI’s CRR Cut. 

Nifty Financial Services Index Performance Overview

The Nifty Financial Services Index has shown consistent growth over various time frames:

• Quarter-to-Date (QTD): +5.86%
• Year-to-Date (YTD): +12.98%
• 1-Year Return: +22.76%
• 5-Year CAGR: +23.64%
• Since Inception CAGR: +17.79%

This strong, long-term performance highlights the resilience and growth potential of India’s financial sector.

Conclusion

The Nifty Financial Services Index continues to be a key indicator of India’s financial market health. With leading names like HDFC Bank, ICICI Bank, and Kotak Mahindra Bank driving growth, and strong returns across time horizons, the index offers valuable insights and opportunities for investors focused on the country’s evolving financial ecosystem.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.