Nifty Growth Sectors 15
Nifty Growth Sectors 15 Index is designed to provide investors exposure to the liquid stocks from sectors of market interest.
Nifty Growth Sectors 15 Index comprises of 15 companies listed on National Stock Exchange of India & on which, stock derivatives are available. The index is easily replicable and tradable. The constituent weights are capped at 15%. At the time of rebalancing of shares/ change in index constituents/ change in investable weight factors (IWFs), the weightage of the index constituent (wherever applicable) is capped at 15%. Weightage of such stock may increase beyond 15% between the rebalancing periods. The index constituents are compliant with the dividend distribution norms of recent IRDA guidelines for investment by insurance companies in equity ETFs.
Nifty Growth Sectors 15 Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, Index Derivatives, ETFs and structured products.
Nifty Growth Sectors 15 Constituents
| Price | 178.85 -0.50 (-0.28%) | 52 Week High | 191.50 |
|---|---|---|---|
| ISIN | INE208A01029 | 52 Week Low | 133.10 |
| Industry | Trucks/Construction/Farm Machinery | Volume | 8.7 M |
| Sector | Producer Manufacturing | P/E Ratio TTM | 29.51 |
| Market Cap | 526 B | 1 Year Beta | 0.91 |
| Price | 4,564.65 6.10 (0.13%) | 52 Week High | 5,270.35 |
|---|---|---|---|
| ISIN | INE216A01030 | 52 Week Low | 3,690.00 |
| Industry | Food: Specialty/Candy | Volume | 210.8 T |
| Sector | Consumer Non-Durables | P/E Ratio TTM | 45.03 |
| Market Cap | 1.1 T | 1 Year Beta | 0.64 |
| Price | 1,185.90 -20.50 (-1.70%) | 52 Week High | 1,277.90 |
|---|---|---|---|
| ISIN | INE059A01026 | 52 Week Low | 852.00 |
| Industry | Pharmaceuticals: Other | Volume | 2.8 M |
| Sector | Health Technology | P/E Ratio TTM | 30.77 |
| Market Cap | 974.5 B | 1 Year Beta | 0.06 |
| Price | 3,409.45 -26.40 (-0.77%) | 52 Week High | 3,889.65 |
|---|---|---|---|
| ISIN | INE066A01021 | 52 Week Low | 2,836.00 |
| Industry | Motor Vehicles | Volume | 393.5 T |
| Sector | Consumer Durables | P/E Ratio TTM | 29.00 |
| Market Cap | 939.5 B | 1 Year Beta | 0.81 |
| Price | 1,273.70 -4.30 (-0.34%) | 52 Week High | 1,311.30 |
|---|---|---|---|
| ISIN | INE860A01027 | 52 Week Low | 882.00 |
| Industry | Information Technology Services | Volume | 1.3 M |
| Sector | Technology Services | P/E Ratio TTM | 22.86 |
| Market Cap | 3.5 T | 1 Year Beta | 0.84 |
| Price | 2,482.45 9.10 (0.37%) | 52 Week High | 2,769.65 |
|---|---|---|---|
| ISIN | INE030A01027 | 52 Week Low | 2,393.00 |
| Industry | Household/Personal Care | Volume | 1.2 M |
| Sector | Consumer Non-Durables | P/E Ratio TTM | 56.67 |
| Market Cap | 5.8 T | 1 Year Beta | 0.07 |
| Price | 443.10 -4.40 (-0.98%) | 52 Week High | 499.70 |
|---|---|---|---|
| ISIN | INE154A01025 | 52 Week Low | 323.25 |
| Industry | Tobacco | Volume | 7.5 M |
| Sector | Consumer Non-Durables | P/E Ratio TTM | 27.69 |
| Market Cap | 5.6 T | 1 Year Beta | 0.85 |
| Price | 10,535.15 250.85 (2.44%) | 52 Week High | 10,623.65 |
|---|---|---|---|
| ISIN | INE585B01010 | 52 Week Low | 8,076.05 |
| Industry | Motor Vehicles | Volume | 986.2 T |
| Sector | Consumer Durables | P/E Ratio TTM | 32.81 |
| Market Cap | 3.1 T | 1 Year Beta | 0.89 |
| Price | 1,132.35 -13.80 (-1.20%) | 52 Week High | 1,169.70 |
|---|---|---|---|
| ISIN | INE044A01036 | 52 Week Low | 892.05 |
| Industry | Pharmaceuticals: Major | Volume | 1.6 M |
| Sector | Health Technology | P/E Ratio TTM | 32.21 |
| Market Cap | 2.7 T | 1 Year Beta | 0.29 |
| Price | 3,603.65 18.35 (0.51%) | 52 Week High | 3,633.75 |
|---|---|---|---|
| ISIN | INE467B01029 | 52 Week Low | 2,926.10 |
| Industry | Information Technology Services | Volume | 2 M |
| Sector | Technology Services | P/E Ratio TTM | 30.14 |
| Market Cap | 13.1 T | 1 Year Beta | 0.85 |
| Price | 877.75 6.75 (0.77%) | 52 Week High | 897.70 |
|---|---|---|---|
| ISIN | INE192A01025 | 52 Week Low | 686.60 |
| Industry | Food: Specialty/Candy | Volume | 1.5 M |
| Sector | Consumer Non-Durables | P/E Ratio TTM | 64.32 |
| Market Cap | 809.3 B | 1 Year Beta | 0.71 |
| Price | 1,305.35 13.70 (1.06%) | 52 Week High | 1,320.00 |
|---|---|---|---|
| ISIN | INE669C01036 | 52 Week Low | 981.05 |
| Industry | Information Technology Services | Volume | 3.3 M |
| Sector | Technology Services | P/E Ratio TTM | 26.32 |
| Market Cap | 1.3 T | 1 Year Beta | 0.81 |
| Price | 3,274.50 -30.00 (-0.91%) | 52 Week High | 3,352.00 |
|---|---|---|---|
| ISIN | INE280A01028 | 52 Week Low | 2,269.60 |
| Industry | Other Consumer Specialties | Volume | 1 M |
| Sector | Consumer Durables | P/E Ratio TTM | 90.34 |
| Market Cap | 2.9 T | 1 Year Beta | 0.84 |
| Price | 1,494.10 -4.80 (-0.32%) | 52 Week High | 1,533.40 |
|---|---|---|---|
| ISIN | INE494B01023 | 52 Week Low | 967.55 |
| Industry | Motor Vehicles | Volume | 1 M |
| Sector | Consumer Durables | P/E Ratio TTM | 48.70 |
| Market Cap | 712.1 B | 1 Year Beta | 0.78 |
| Price | 418.50 -10.45 (-2.44%) | 52 Week High | 443.75 |
|---|---|---|---|
| ISIN | INE075A01022 | 52 Week Low | 352.00 |
| Industry | Information Technology Services | Volume | 9.9 M |
| Sector | Technology Services | P/E Ratio TTM | 19.80 |
| Market Cap | 2.2 T | 1 Year Beta | 1.20 |
Nifty Growth Sectors 15 Methodolgy
Eligibility Criteria for Selection of Constituent Stocks:
Sector Selection:
Sectors are selected based on P/E and P/B values of IISL sector indices, which are compared to NIFTY 50. The yearly avg. P/E and avg. P/B values are compared with NIFTY 50's yearly avg. P/E and avg. P/B values and if, out of the 4 observations, sector that have higher P/E and P/B in 3 out of 4 observations are shortlisted.
For the purpose of clarity, for 2 years period, there will be 4 observations (i.e. 2 yearly avg. P/E numbers and 2 avg. P/B numbers for each index). Out of 4 observations, sectors that have higher P/E and P/B in 3 out of 4 observations are selected.
Stock Selection:
a. Securities having derivatives available on them, from selected sectors for base period (i.e. July-December 2008) are identified.
b. The securities are then ranked as per Free float market capitalization and top 50% of the securities are carried forward for further scrutiny.
c. The securities identified in above steps are then ranked by EPS growth frequency.
d. Any security which had negative EPS for base review period is not considered.
e. Top 15 companies are selected as base composition.
Sector review is carried out once in 2 years whereas, stock selection is reviewed semi-annually.
Index Governance:
A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.
Sector Selection:
Sectors are selected based on P/E and P/B values of IISL sector indices, which are compared to NIFTY 50. The yearly avg. P/E and avg. P/B values are compared with NIFTY 50's yearly avg. P/E and avg. P/B values and if, out of the 4 observations, sector that have higher P/E and P/B in 3 out of 4 observations are shortlisted.
For the purpose of clarity, for 2 years period, there will be 4 observations (i.e. 2 yearly avg. P/E numbers and 2 avg. P/B numbers for each index). Out of 4 observations, sectors that have higher P/E and P/B in 3 out of 4 observations are selected.
Stock Selection:
a. Securities having derivatives available on them, from selected sectors for base period (i.e. July-December 2008) are identified.
b. The securities are then ranked as per Free float market capitalization and top 50% of the securities are carried forward for further scrutiny.
c. The securities identified in above steps are then ranked by EPS growth frequency.
d. Any security which had negative EPS for base review period is not considered.
e. Top 15 companies are selected as base composition.
Sector review is carried out once in 2 years whereas, stock selection is reviewed semi-annually.
Index Governance:
A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.
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