What does NIFTY FIN SERVICE index comprise of?

By Research Desk
about 3 years ago

This index comprise of 15 stocks that are listed on NSE. Nifty Financial Service Index measures the behavior and performance of Indian financial market which comprise of Banks, Financial Institution, Housing Finance and other financial service companies.

This index represents about 19.2% of the free float market capitalization of the stocks listed on NSE and 75.8% of the free float market capitalization of the stocks forming part of the Finance sector universe as on 31st March, 2016. These top 15 companies are selected based on their average daily turnover and average daily full market capitalization for the last 6 months.

Nifty Fin Service Index currently made up of the following.

Sr. No.

Stock Name

1

Axis Bank

2

Bajaj Finserv

3

Bajaj Holdings & Investment

4

Bajaj Finance

5

Housing Development Finance Corporation

6

HDFC Bank

7

ICICI Bank

8

Kotak Mahindra Bank

9

LIC Housing Finance

10

Mahindra and Mahindra Financial Services

11

Power Finance Corporation

12

Rural Electrification Corporation

13

State Bank of India

14

Shriram Transport Finance Company

15

Sundaram Finance

 

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