Nifty50 Value 20
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. It consists of the 20 most liquid value blue chip companies listed on NSE. The Nifty50 Value 20 Index has been computed historically from January 01, 2009.
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.
Nifty50 Value 20 Index can be used for a variety of purposes such as benchmarking fund portfolios, issuance of index funds, ETFs and structured products.
Nifty50 Value 20 Constituents
Nifty50 Value 20 Methodolgy
i. The company should be a part of Nifty 50.
ii. Companies which are IRDA dividend norms compliant shall be considered eligible to be included in the index.
iii. Companies are selected on the basis of ROCE, PE, PB and DY.
iv. Companies with relatively lower PE and PB, while higher DY and ROCE are selected.
Index is re-balanced on annual basis and implemented from first working day after F&O expiry of December. For review of indices, average data for 6 months ending the cut-off date is considered.
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.