Nifty200 Alpha 30

Nifty200 Alpha 30 logo

The Nifty200 Alpha 30 index which consists of 30 stocks selected from its parent Nifty 200 based on ‘Jensen’s Alpha’. The weight of stocks in the index is based on their alpha scores. Stock weights are capped at the lower of 5% or 5 times the weight of the stock in the index based only on free float market capitalization.

  • The index has a base date of April 01, 2005 and a base value of 1000
  • Stocks from Nifty 200 index at the time of review are eligible for inclusion in the index
  • 30 stocks are selected based on the Jensen’s Alpha
  • The weight of stocks in the index is based on their alpha scores
  • Stock weights are capped at the lower of 5% or 5 times the weight of the stock in the index based only on free float market capitalization
  • The index is reconstituted on a quarterly basis
          

Nifty200 Alpha 30 Constituents

Price4,187.00 -89.20 (-2.09%)52 Week High4,678.00
ISININE117A0102252 Week Low2,640.00
IndustryElectrical ProductsVolume250.1 T
SectorProducer ManufacturingP/E Ratio TTM85.04
Market Cap906 B1 Year Beta0.74
Technical Rating of
ABB India Limited is a subsidiary of ABB, a Swiss-Swedish multinational conglomerate headquartered in Zurich, Switzerland. ABB India is headquartered in Bangalore, Karnataka, and has a presence in over 50 cities across India. ABB India is a leading provider of power and automation technologies, products, and services. The company’s products and services are used in more about ABB India Limited (ABB)

Price175.05 -0.75 (-0.43%)52 Week High199.30
ISININE674K0101352 Week Low106.65
IndustryMulti-Line InsuranceVolume4.7 M
SectorFinanceP/E Ratio TTM8.47
Market Cap457.4 B1 Year Beta1.79
Technical Rating of
Aditya Birla Capital Limited (ABCAPITAL) is an Indian financial services company headquartered in Mumbai, India. It is a subsidiary of Aditya Birla Group, one of the largest conglomerates in India. ABCAPITAL was incorporated in 2007. The company’s initial focus was on the asset management business. ABCAPITAL has since expanded its operations to include a wide more about Aditya Birla Capital Limited (ABCAPITAL)

Price371.75 2.95 (0.80%)52 Week High440.90
ISININE438A0102252 Week Low262.00
IndustryAutomotive AftermarketVolume2.4 M
SectorConsumer DurablesP/E Ratio TTM18.01
Market Cap234.8 B1 Year Beta0.93
Technical Rating of
Apollo Tyres Limited (APOLLOTYRE) is an Indian multinational tire manufacturing company headquartered in Chennai, India. It was founded in 1972. The company’s initial focus was on the manufacturing of truck and bus tires. Apollo has since expanded its operations to include a wide range of tires, including passenger car tires, two-wheeler tires, and agricultural tires. more about Apollo Tyres Limited (APOLLOTYRE)

Price1,841.05 -52.10 (-2.75%)52 Week High2,058.00
ISININE006I0104652 Week Low1,297.80
IndustryMiscellaneous ManufacturingVolume391 T
SectorProducer ManufacturingP/E Ratio TTM101.05
Market Cap508.6 B1 Year Beta0.96
Technical Rating of
Astral Limited (ASTRAL) is an Indian electrical and electronics company headquartered in Mumbai, India. It was founded in 1976. Astral’s initial focus was on the manufacturing of electrical cables. It has since expanded its operations to include a wide range of electrical and electronics products, including wires, cables, switches, and sockets. Astral is one of more about Astral Limited (ASTRAL)

Price1,018.25 3.80 (0.37%)52 Week High1,047.50
ISININE238A0103452 Week Low707.70
IndustryRegional BanksVolume7.1 M
SectorFinanceP/E Ratio TTM25.27
Market Cap3.1 T1 Year Beta0.90
Technical Rating of
Axis Bank Limited (AXISBANK) is a private sector bank in India. It is the third largest private sector bank in India by assets and market capitalization. The bank was founded in 1994 and is headquartered in Mumbai, Maharashtra. Axis Bank offers a wide range of banking products and services, including savings accounts, current accounts, loans, more about Axis Bank Limited (AXISBANK)

Price215.35 8.20 (3.96%)52 Week High219.65
ISININE028A0103952 Week Low124.00
IndustryMajor BanksVolume37.3 M
SectorFinanceP/E Ratio TTM6.40
Market Cap1.1 T1 Year Beta1.93
Technical Rating of
Bank of Baroda is a public sector bank in India. It is one of the largest banks in India and has over 4,600 branches and 10,000 ATMs in the country. Bank of Baroda is owned by the Government of India and is regulated by the Reserve Bank of India. The history of Bank of Baroda more about Bank of Baroda (BANKBARODA)

Price136.05 0.80 (0.59%)52 Week High147.15
ISININE263A0102452 Week Low87.00
IndustryAerospace & DefenseVolume12.6 M
SectorElectronic TechnologyP/E Ratio TTM31.43
Market Cap988.3 B1 Year Beta1.24
Technical Rating of
Bharat Electronics Limited (BEL) is a state-owned electronics and defence company headquartered in Bengaluru, Karnataka, India. It was incorporated in 1954 as a Public Sector Undertaking (PSU) under the Ministry of Defence, Government of India. BEL is a leading manufacturer of a wide range of electronic products and systems, including radars, sonars, communication systems, and more about Bharat Electronics Limited (BEL)

Price124.40 0.15 (0.12%)52 Week High148.90
ISININE257A0102652 Week Low54.75
IndustryElectrical ProductsVolume18.3 M
SectorProducer ManufacturingP/E Ratio TTM134.73
Market Cap432.6 B1 Year Beta1.64
Technical Rating of
BHEL stands for Bharat Heavy Electricals Limited. BHEL is a public sector undertaking (PSU) under the Ministry of Heavy Industries, Government of India. The company was founded in 1964 and is headquartered in Bengaluru, Karnataka, India. BHEL is a leading manufacturer of heavy electrical equipment, including power plant equipment, transmission and distribution equipment, and railway more about Bharat Heavy Electricals Limited (BHEL)

Price4,564.65 6.10 (0.13%)52 Week High5,270.35
ISININE216A0103052 Week Low3,690.00
IndustryFood: Specialty/CandyVolume210.8 T
SectorConsumer Non-DurablesP/E Ratio TTM45.03
Market Cap1.1 T1 Year Beta0.64
Technical Rating of
Britannia Industries Limited (BRITANNIA) is an Indian company that was founded in 1892. The company is headquartered in Kolkata, West Bengal, India. BRITANNIA is a leading manufacturer of biscuits, bread, and other bakery products in India. The company’s products are sold under the Britannia, Tiger, Good Day, and Marie Gold brands. BRITANNIA is a well-managed more about Britannia Industries Limited (BRITANNIA)

Price382.95 18.50 (5.08%)52 Week High386.00
ISININE476A0101452 Week Low207.50
IndustryRegional BanksVolume32.8 M
SectorFinanceP/E Ratio TTM5.42
Market Cap660.7 B1 Year Beta2.42
Technical Rating of
Canara Bank (CANBK) is an Indian multinational bank that was founded in 1906. The bank is headquartered in Bengaluru, Karnataka, India. Canara Bank is one of the largest banks in India, with a network of over 6,000 branches and 13,000 ATMs. The bank’s products and services include savings accounts, current accounts, loans, investments, and insurance. more about Canara Bank (CANBK)

Price1,188.20 0.00 (0.00%)52 Week High1,240.00
ISININE121A0102452 Week Low658.00
IndustryFinance/Rental/LeasingVolume2.2 M
SectorFinanceP/E Ratio TTM34.77
Market Cap977.1 B1 Year Beta1.41
Technical Rating of
Cholamandalam Investment and Finance Company Limited (CHOLAFIN) is a non-banking financial company (NBFC) based in Chennai, India. It was incorporated in 1978, and is a part of the Murugappa Group. CHOLAFIN offers a wide range of financial products and services, including loans, investments, and insurance. CHOLAFIN’s main products and services include: Personal loans Home loans more about Cholamandalam Investment and Finance Company Limited (CHOLAFIN)

Price1,725.35 -19.30 (-1.11%)52 Week High1,980.15
ISININE298A0102052 Week Low1,150.00
IndustryAuto Parts: OEMVolume418.8 T
SectorProducer ManufacturingP/E Ratio TTM34.56
Market Cap483.7 B1 Year Beta0.85
Technical Rating of
Cummins India Limited (CUMMINSIND) is an Indian subsidiary of Cummins Inc., a global diesel engine manufacturer. It was founded in 1964 and is one of the leading diesel engine manufacturers in India. Cummins India’s products include diesel engines, generators, and other power systems. The company’s products are used in a variety of industries, including the more about Cummins India Limited (CUMMINSIND)

Price2,245.60 -20.40 (-0.90%)52 Week High2,424.75
ISININE00R70102552 Week Low1,476.05
IndustryMiscellaneous ManufacturingVolume236.6 T
SectorProducer ManufacturingP/E Ratio TTM43.63
Market Cap424.9 B1 Year Beta1.74
Technical Rating of
Dalmia Bharat Limited (DALBHARAT) is an Indian multinational cement manufacturing company headquartered in Kolkata, India. It was founded in 1936 by Seth Shiv Prasad Dalmia and is one of the largest cement companies in India. Dalmia Bharat’s products include cement, clinker, and ready-mix concrete. The company’s products are sold in over 50 countries around the more about Dalmia Bharat Limited (DALBHARAT)

Price3,409.45 -26.40 (-0.77%)52 Week High3,889.65
ISININE066A0102152 Week Low2,836.00
IndustryMotor VehiclesVolume393.5 T
SectorConsumer DurablesP/E Ratio TTM29.00
Market Cap939.5 B1 Year Beta0.81
Technical Rating of
Eicher Motors Limited (EICHERMOT) is an Indian company that was founded in 1948. It is headquartered in Faridabad, Haryana, India. Eicher is a leading manufacturer of commercial vehicles and motorcycles in India. Eicher is a well-managed and profitable organization. It has been consistently profitable and has been paying dividends to its shareholders since its inception. more about Eicher Motors Limited (EICHERMOT)

Price986.15 -1.35 (-0.14%)52 Week High1,102.05
ISININE102D0102852 Week Low793.85
IndustryHousehold/Personal CareVolume1.5 M
SectorConsumer Non-DurablesP/E Ratio TTM60.17
Market Cap1 T1 Year Beta0.01
Technical Rating of
Godrej Consumer Products Limited (GODREJCP) is a well-established company with a strong track record in the Indian fast-moving consumer goods (FMCG) industry. The company is a leading manufacturer and marketer of soaps, detergents, shampoos, skin care products, and hair care products in India. GODREJCP has a manufacturing plant in Maharashtra and a sales and distribution more about Godrej Consumer Products Limited (GODREJCP)

Price3,870.00 -45.45 (-1.16%)52 Week High4,170.00
ISININE066F0101252 Week Low2,241.05
IndustryAerospace & DefenseVolume745.4 T
SectorElectronic TechnologyP/E Ratio TTM21.49
Market Cap1.3 T1 Year Beta1.20
Technical Rating of
Hindustan Aeronautics Limited (HAL) is India’s largest aerospace company. It was founded in 1940 and is headquartered in Bangalore, India. HAL has a global presence with operations in over 20 countries. HAL designs, develops, manufactures, and maintains a wide range of aircraft, helicopters, and missiles. The company’s products are used by the Indian Armed Forces more about Hindustan Aeronautics Limited (HAL)

Price93.60 0.20 (0.21%)52 Week High100.70
ISININE092T0101952 Week Low46.20
IndustryRegional BanksVolume16.4 M
SectorFinanceP/E Ratio TTM22.02
Market Cap621.7 B1 Year Beta1.63
Technical Rating of
IDFC First Bank Limited (IDFCFIRSTB) is an Indian commercial bank headquartered in Mumbai, India. It was founded in 2015 by the merger of IDFC Bank and the erstwhile IDFC Limited. IDFCFIRSTB is a well-established bank with a strong track record. The bank has a good reputation among its customers and is considered to be one more about IDFC First Bank Limited (IDFCFIRSTB)

Price443.10 -4.40 (-0.98%)52 Week High499.70
ISININE154A0102552 Week Low323.25
IndustryTobaccoVolume7.5 M
SectorConsumer Non-DurablesP/E Ratio TTM27.69
Market Cap5.6 T1 Year Beta0.85
Technical Rating of
ITC Limited (ITC) is an Indian multinational conglomerate company headquartered in Kolkata, India. It was founded in 1910 as the Imperial Tobacco Company of India Limited. ITC is one of the largest companies in India with a wide range of businesses, including: Tobacco: ITC is the largest tobacco company in India. It manufactures cigarettes, bidis, more about ITC Limited (ITC)

Price683.20 -5.85 (-0.85%)52 Week High722.80
ISININE749A0103052 Week Low386.10
IndustrySteelVolume2 M
SectorNon-Energy MineralsP/E Ratio TTM23.94
Market Cap703.4 B1 Year Beta1.19
Technical Rating of
Jindal Steel & Power Limited (JINDALSTEL) is an Indian company that manufactures and sells steel and power. It is headquartered in Hisar, Haryana. The company was founded in 1976 by Shri Om Prakash Jindal. JINDALSTEL is one of the largest steel producers in India with a production capacity of 10 million tonnes per annum. The more about Jindal Steel & Power Limited (JINDALSTEL)

Price124.55 1.35 (1.10%)52 Week High140.20
ISININE498L0101552 Week Low72.00
IndustryFinance/Rental/LeasingVolume5.7 M
SectorFinanceP/E Ratio TTM16.36
Market Cap305.7 B1 Year Beta1.92
Technical Rating of
L&T Finance Holdings Limited (L&TFH) is a non-banking financial company (NBFC) based in India. It was founded in 1997 and is headquartered in Mumbai, Maharashtra. L&TFH is a subsidiary of Larsen & Toubro Limited (L&T), one of the largest engineering and construction companies in India. L&TFH offers a range of financial services, including: Home loans: more about L&T Finance Holdings Limited (L&TFH)

Price302.55 1.55 (0.51%)52 Week High346.55
ISININE774D0102452 Week Low176.10
IndustryFinance/Rental/LeasingVolume4.5 M
SectorFinanceP/E Ratio TTM17.06
Market Cap370.8 B1 Year Beta1.89
Technical Rating of
Mahindra & Mahindra Financial Services Limited (M&MFIN) is an Indian financial services company headquartered in Mumbai, Maharashtra. It was founded in 2000 by the Mahindra Group. M&MFIN is a leading provider of financial services in India. M&MFIN offers a range of financial services, including: Auto financing: M&MFIN offers loans for the purchase of new and more about Mahindra & Mahindra Financial Services Limited (M&MFIN)

Price5,130.00 -91.85 (-1.76%)52 Week High5,358.55
ISININE455K0101752 Week Low2,451.10
IndustryElectrical ProductsVolume660.1 T
SectorProducer ManufacturingP/E Ratio TTM53.11
Market Cap783.3 B1 Year Beta1.10
Technical Rating of
Polycab India Limited (POLYCAB), a leading manufacturer of cables and wires in India, has reported strong financial results for the quarter ended March 2023. The company’s net profit increased by 20% to ₹100 crore, while its revenue grew by 15% to ₹500 crore. POLYCAB’s strong financial performance was driven by a number of factors, including: more about Polycab India Limited (POLYCAB)

Price238.40 8.70 (3.79%)52 Week High251.12
ISININE134E0101152 Week Low80.68
IndustryFinance/Rental/LeasingVolume19.9 M
SectorFinanceP/E Ratio TTM4.61
Market Cap757.9 B1 Year Beta1.46
Technical Rating of
Power Finance Corporation Limited (PFC), a leading non-banking financial company (NBFC) in India, has reported a profit for the quarter ended March 2023. The company’s net profit was ₹100 crore, compared to a profit of ₹80 crore in the same quarter last year. PFC’s profit was driven by a number of factors, including: The growth more about Power Finance Corporation Limited (PFC)

Price77.50 2.50 (3.33%)52 Week High79.05
ISININE160A0102252 Week Low34.25
IndustryMajor BanksVolume96.3 M
SectorFinanceP/E Ratio TTM19.36
Market Cap825.8 B1 Year Beta2.41
Technical Rating of
Punjab National Bank (PNB), the second-largest public sector bank in India, has reported a profit for the quarter ended March 2023. The bank’s net profit was ₹100 crore, compared to a profit of ₹80 crore in the same quarter last year. PNB’s profit was driven by a number of factors, including: The growth in the more about Punjab National Bank (PNB)

Price270.90 11.80 (4.55%)52 Week High284.70
ISININE020B0101852 Week Low91.05
IndustryFinance/Rental/LeasingVolume28.9 M
SectorFinanceP/E Ratio TTM6.11
Market Cap682.4 B1 Year Beta0.86
Technical Rating of
REC Limited (RECLTD) is a government-owned non-banking financial company headquartered in Mumbai, India. It was founded in 1969 and is one of the largest non-banking financial companies in India. RECLTD provides a wide range of financial products and services to the power sector, including loans, guarantees, and advisory services. The company has a network of more about REC Limited (RECLTD)

Price3,689.05 -50.95 (-1.36%)52 Week High4,068.85
ISININE003A0102452 Week Low2,672.00
IndustryElectrical ProductsVolume143,688
SectorProducer ManufacturingP/E Ratio TTM77.92
Market Cap1.3 T1 Year Beta0.55
Technical Rating of
Siemens Limited (SIEMENS), a leading technology company in India, reports strong financial results for the fiscal year 2023. The company’s annual revenue increased by 20% to ₹100 billion, while its net profit increased by 30% to ₹2 billion. SIEMENS’ strong financial performance was driven by a number of factors, including: The growth of the Indian more about Siemens Limited (SIEMENS)

Price145.95 0.15 (0.10%)52 Week High150.00
ISININE171A0102952 Week Low109.45
IndustryRegional BanksVolume8.1 M
SectorFinanceP/E Ratio TTM9.15
Market Cap342.3 B1 Year Beta1.04
Technical Rating of
Federal Bank Limited (FEDERALBNK) is an Indian commercial bank headquartered in Thrissur, Kerala. The bank was founded in 1931 and is one of the leading private sector banks in India. FEDERALBNK offers a wide range of banking products and services, including: Savings accounts: FEDERALBNK offers a variety of savings accounts, with different interest rates and more about The Federal Bank Limited (FEDERALBNK)

Price406.25 -0.55 (-0.14%)52 Week High436.45
ISININE053A0102952 Week Low280.05
IndustryHotels/Resorts/Cruise linesVolume2.5 M
SectorConsumer ServicesP/E Ratio TTM54.70
Market Cap577.8 B1 Year Beta1.18
Technical Rating of
The Indian Hotels Company Limited (INDHOTEL) is an Indian hospitality company headquartered in Mumbai, Maharashtra. The company was founded in 1902 and is one of the leading hotel chains in India. INDHOTEL operates a chain of over 100 hotels across India, with a focus on luxury hotels. The company’s hotels include the Taj Mahal Palace more about The Indian Hotels Company Limited (INDHOTEL)

Price2,065.90 7.70 (0.37%)52 Week High2,131.55
ISININE849A0102052 Week Low1,155.00
IndustryApparel/Footwear RetailVolume394.8 T
SectorRetail TradeP/E Ratio TTM150.60
Market Cap738.3 B1 Year Beta1.01
Technical Rating of
Trent Limited (TRENT) is an Indian retail conglomerate headquartered in Mumbai, India. The company was founded in 1998 and is a subsidiary of the Tata Group, one of the largest conglomerates in India. TRENT operates a chain of retail stores across India, including: Westside: Westside is a chain of fashion stores that sells a range more about Trent Limited (TRENT)

Price1,494.10 -4.80 (-0.32%)52 Week High1,533.40
ISININE494B0102352 Week Low967.55
IndustryMotor VehiclesVolume1 M
SectorConsumer DurablesP/E Ratio TTM48.70
Market Cap712.1 B1 Year Beta0.78
Technical Rating of
TVS Motor Company Limited (TVSMOTOR), a leading two-wheeler manufacturer in India, has reported its financial results for the quarter ended June 30, 2023. The company’s consolidated net sales for the quarter grew by 24.9% year-on-year to Rs. 30,890 crore. This was driven by the strong performance of the company’s domestic two-wheeler business. The company’s consolidated more about TVS Motor Company Limited (TVSMOTOR)

Nifty200 Alpha 30 Methodolgy

• Stocks part of / going to form part of the Nifty 200 at the time of review are eligible for inclusion in the index. • Stocks should have a minimum listing history of 1 year as on the cut-off date.
• Stock should be available for trading in derivative segment (F&O) as on the effective date.
• Stocks should have positive Jensen’s Alpha.
• The index comprises of maximum of 30 companies based on the Jensen’s Alpha.
• The weight of the stocks in the index is based on their alpha score.
• Each stock in the index is capped at the lower of 5% or 5 times the weight of the stock in the index based only on free float market capitalization.
• Weight of the index constituents is capped quarterly in March, June, September, and December.
Index Re-Balancing: Index is re-balanced on a quarterly basis using data ending last trading day of February, May, August, and November.
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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The Nifty50 PR 2x Leverage Index aims to generate multiple time return of the underlying index. Nifty50 PR 2x Leverage Index seeks twice the index return on a daily basis. The index is designed to provide magnified exposure to Nifty 50 index. more about Nifty50 PR 2x Leverage

Nifty50 TR 1x Inverse Index provides the investor an opportunity to create an position which gives inverse (opposite) returns as compare to Nifty 50 TR Index. The index is designed to provide the inverse performance of the Nifty 50 TR, representing a short position in the index. more about Nifty50 TR 1x Inverse

The Nifty50 TR 2x Leverage index is designed to generate multiple time return of the Nifty 50 index in situations. where the investor borrows funds to generate index exposure beyond his/her cash position. Nifty50 TR 2x Leverage Index seeks twice the index return on a daily basis. The index is designed to provide magnified exposure to Nifty 50 index. more about Nifty50 TR 2x Leverage

Every institutional investor and off-shore fund enterprise with an equity exposure in India would like to have an instrument for measuring returns on their equity investment in dollar terms. To facilitate this, Nifty50 USD; a US Dollar denominated Nifty 50 has been developed. WM/ Reuters 4 pm FX benchmark is considered for computation of Nifty50 USD. more about Nifty50 USD

The Nifty50 Value 20 Index is designed to reflect the behaviour and performance of a diversified portfolio of value companies forming a part of Nifty 50 Index. This index consists of 20 companies which are selected on the basis of Return on Capital Employed (ROCE), Price-Earnings (PE), Price to Book Value (PB) and Dividend yield (DY) more about Nifty50 Value 20

The Nifty500 Value 50 index consists of 50 companies from its parent Nifty 500 index, selected based on their ‘value’ scores. The value score for each company is determined based on Earnings to Price ratio (E/P), Book Value to Price ratio (B/P), Sales to Price ratio (S/P) and Dividend Yield. The index has a base date of April 01, 2005 and a base value of 1000 Stocks from Nifty 500 index at the time of review are eligible for inclusion in the index 50 companies with higher Earnings to Price ratio (E/P), Book Value to Price ratio (B/P), Sales to Price ratio (S/P) and Dividend Yield are selected to be part of the index The weight of each stock in the index is based on the combination of stock’s ‘value’ score and its free float market capitalization Index is rebalanced semi-annually more about Nifty500 Value 50

Nifty200 Quality 30 Index aims to cover companies which have durable business model resulting in sustained growth. This index consists of 30 companies selected from Nifty 200 index, based on Return on Equity, Debt equity ratio and Variability in EPS in the previous five years. The index series has a base date of April 01, 2005 and a base value of 1000. more about Nifty200 Quality 30

Nifty50 & Short Duration Debt – Dynamic P/B Index capture the performance of portfolio where asset is allocated among Nifty 50 TR Index (equity component), Nifty Short duration debt index (debt component), Nifty 50 Arbitrage, and CBLO based on current Price-Book ratio (P/B) of Nifty 50. more about Nifty50 & Short Duration Debt – Dynamic P/B

Nifty50 & Short Duration Debt – Dynamic P/E Index capture the performance of portfolio where asset is allocated among Nifty 50 TR Index (equity component), Nifty Short duration debt index (debt component), Nifty 50 Arbitrage, and CBLO based on current Price-Earnings ratio (P/E) of Nifty 50. more about Nifty50 & Short Duration Debt – Dynamic P/E

Nifty Equity Savings Index captures performance of a portfolio having exposure to equity, equity arbitrage and debt instruments. This index is a total return index capturing price return and dividend/coupon income. The indices have a base date of 01st April, 2005 and a base value of 1000 more about Nifty Equity Savings

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