About Indices

An Index is used to give information about the price movements of products in the financial, commodities or any other markets. Financial indexes are constructed to measure price movements of stocks, bonds, T-bills and other forms of investments.

Benefit of Index

They provide a historical comparison of returns on money invested in the stock market against other forms of investments such as gold or debt.

They can be used as a standard against which to compare the performance of an equity fund.

In It is a lead indicator of the performance of the overall economy or a sector of the economy

Stock indexes reflect highly up to date information

Modern financial applications such as Index Funds, Index Futures, Index Options play an important role in financial investments and risk management.

Broad Market Indices • CNX Nifty• CNX Nifty Junior• LIX 15• LIX15 Midcap• CNX 100• CNX 200• CNX 500• CNX Midcap*• Nifty Midcap 50• CNX Smallcap Index• CNX Midcap 200**• India Vix

CNX Nifty

• The CNX Nifty is a well diversified 50 stock index accounting for 23 sectors of the economy. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds.

• The CNX Nifty Index represents about 66.85% of the free float market capitalization of the stocks listed on NSE as on June 30, 2014.

• The total traded value for the last six months ending June 2014 of all index constituents is approximately 50.39% of of the traded value of all stocks on the NSE.

• Impact cost of the CNX Nifty for a portfolio size of Rs.50 lakhs is 0.07% for the month June 2014.

Top 10 Companies by weightage

Infosys Ltd. 6.14

Housing Development Finance

Corporation Ltd. 6.06

HDFC Bank Ltd. 5.97

Larsen & Toubro Ltd. 5.42

Tata Consultancy Services Ltd. 4.85

State Bank of India 3.24

Tata Motors Ltd. 3.03

Company’s Name Weight (%)

I T C Ltd. 7.04

Reliance Industries Ltd. 6.52

ICICI Bank Ltd. 6.40

Nifty Junior• As with the CNX Nifty, stocks in the CNX Nifty Junior are filtered

for liquidity, so they are the most liquid of the stocks excluded from the CNX Nifty. The maintenance of the CNX Nifty and the CNX Nifty Junior are synchronized so that the two indices will always be disjoint sets

•The CNX Nifty Junior Index represents about 11.72% of the free float market capitalization of the stocks listed on NSE as on June 30, 2014.

• The total traded value for the last six months June 2014 of all index constituents is approximately 16.92% of the traded value of all stocks on NSE.

• Impact cost for CNX Nifty Junior for a portfolio size of Rs.25 lakhs is 0.10% for the month June 2014.

LIX 15LIX 15 Index is designed to provide exposure to the liquid stocks while making the index easily replicable and tradable.The index constitutes only 15 stocks with maximum weight of single stock capped at 15%.

Market Representation As on June 30, 2014 the index comprised stocks from 9

different industries. The total traded value for the last six months ending June

2014 of all index constituents is approximately 18.02% of the traded value of all stocks in the Cash Segment and 22.22% of all the stocks in F&O segment on NSE.

LIX15 Midcap

LIX15 Midcap Index is designed to provide investors exposure to the liquid midcap stocks while making the index easily replicable and tradable.

Market Representation As on June 30, 2014 the index comprised stocks from 8

diversified sectors. The total traded value for the last six months ending June

2014 of all index constituents is approximately 8.08% of the traded value of all stocks in the Cash Segment and 9.96% of all the stocks in F&O segment on NSE.

CNX 100

• CNX 100 is a diversified 100 stock index accounting for 38 sectors of the economy.

• CNX 100 is owned and managed by India Index Services & Products Ltd. (IISL). IISL is India’s first specialized company focused upon the index as a core products.

• The CNX 100 Index represents about 78.57% of the free float market capitalization of the stocks listed on NSE as on June 30, 2014.

• The total traded value for the last six months ending June 2014 of all index constituents is approximately 67.31% of the traded value of all stocks on the NSE. 4.

CNX 200

The CNX 200 Index is designed to reflect the behaviour and performance of the top 200 companies listed on the National Stock Exchange (NSE) measured by free float market capitalization with a base date of January 1, 2004 indexed to a base value of 1000.

FFMC =equity's price* number of shares in market.

• The CNX 200 Index represents about 88.18% of the free float market capitalization of the stocks listed on NSE as on June 30, 2014.

• The total traded value for the last six months ending June 2014, of all index constituents is approximately 85.20% of the traded value of all stocks on NSE.

Sector Representation Sector Weight(%)• FINANCIAL SERVICES 27.37• ENERGY 13.28• IT 12.72• CONSUMER GOODS 10.89• AUTOMOBILE 8.35• PHARMA 5.96• CONSTRUCTION 5.42• METALS 4.98• CEMENT & CEMENT PRODUCTS 2.81• INDUSTRIAL MANUFACTURING 2.48• TELECOM 2.22• SERVICES 1.59• MEDIA & ENTERTAINMENT 0.68• FERTILISERS & PESTICIDES 0.45• CHEMICALS 0.33• TEXTILES 0.26• HEALTHCARE SERVICES 0.2

CNX 500

• The CNX 500 Index represents about 96.42% of the free float market capitalization of the stocks listed on NSE as on June 30, 2014.

• The total traded value for the last six months ending June 2014, of all Index constituents is approximately 96.28% of the traded value of all stocks on NSE.

Sector Representation Sector Weight(%)• FINANCIAL SERVICES 6.44• ENERGY 12.76• IT 11.87• CONSUMER GOODS 11.27• AUTOMOBILE 8.09• CONSTRUCTION 5.85• PHARMA 5.79• METALS 5.06• INDUSTRIAL MANUFACTURING 3.14• CEMENT & CEMENT PR ODUCTS 2.68• TELECOM 2.09• SERVICES 1.98• MEDIA & ENTERTAINMENT 1.00• CHEMICALS 0.56• HEALTHCARE SERVICES 0.25• PAPER 0.04

Nifty Midcap 50

• The Nifty Midcap 50 Index represents about 7.43% of the free float market capitalization of the stocks listed on NSE as on June 30, 2014.

• The total traded value for the last six months ending June 2014, of all index constituents is approximately 17.32% of the traded value of all stocks on NSE.

• Nifty Midcap 50 Index was computed using market capitalization weighted method from the launch date till February 25, 2010.

Sector Representation Sector Weight(%)• FINANCIAL SERVICES 21.24• ENERGY 16.41• INDUSTRIAL MANUFACTURING 9.59• CONSUMER GOODS 9.04• PHARMA 8.13• SERVICES 7.03• AUTOMOBILE 5.71• CONSTRUCTION 4.72• METALS 4.14• FERTILISERS & PESTICIDES 3.61• TELECOM 3.42• IT 2.32• CHEMICALS 2.12• MEDIA & ENTERTAINMENT 1.59• CEMENT & CEMENT PRODUCTs 0.93

CNX Midcap

The medium capitalized segment of the stock market is being increasingly perceived as an attractive investment segment with high growth potential. The primary objective of the CNX Midcap Index is to capture the movement and be a benchmark of the midcap segment of the market.

• The CNX Midcap Index represents about 13.93% of the free float market capitalization of the stocks listed on NSE as on June 30, 2014.

• The total traded value for the last six months ending June 2014, of all index constituents is approximately 22.31% of the traded value of all stocks on NSE.

CNX Smallcap Index

• The index is calculated using free float market capitalization methodology with a base date of January 1, 2004 indexed to a base value of 1000.

• The CNX Smallcap Index represents about 3.45% of the free float market capitalization of the stocks listed on NSE as on June 30, 2014.

• The total traded value for the last six months ending June 2014, of all index constituents is approximately 9.17% of the traded value of all stocks on NS

Sector Representation Sector Weight(%)• FINANCIAL SERVICES 21.68• ENERGY 10.88• PHARMA 10.68• CONSUMER GOODS 9.59• SERVICES 9.48• AUTOMOBILE 8.34• INDUSTRIAL MANUFACTURING 7.78• IT 4.36• METALS 2.68• CONSTRUCTION 2.52• CEMENT & CEMENT PRODUCTS 2.49• TELECOM 2.18• CHEMICALS 2.07• FERTILISERS & PESTICIDES 1.93• HEALTHCARE SERVICES 1.42• MEDIA & ENTERTAINMENT 1.30• TEXTILES 0.64

Sector Representation

Sector Weight(%)• FINANCIAL SERVICES 21.37• CONSTRUCTION 16.77• ENERGY 11.15• CONSUMER GOODS 9.00• INDUSTRIAL MANUFACTURING 7.99• PHARMA 5.76• IT 5.15• AUTOMOBILE 4.80• TEXTILES 3.84• METALS 2.88• CEMENT & CEMENT PRODUCTS 2.64• CHEMICALS 2.48• SERVICES 1.84• MEDIA & ENTERTAINMENT 1.12• HEALTHCARE SERVICES 0.95• TELECOM 0.74

CNX Midcap 200

• CNX Midcap 200 represents about 72% of the total market capitalization of the Mid-Cap Universe and about 70% of the total traded value of the Mid-Cap Universe (Mid-Cap Universe is defined as stocks having average six months market capitalization between Rs.75 crores and Rs.750 crores).

• Industry weightages in the index dynamically reflect industry weightages in the market

• Provide investors a broad based benchmark for comparing portfolio returns vis-à-vis market returns in the midcap segment.

India VIX

• “VIX” is a trademark of Chicago Board Options Exchange, Incorporated ("CBOE") and Standard & Poor’s has granted a license to NSE, with permission from CBOE, to use such mark in the name of the India VIX and for purposes relating to the India VIX.

• Volatility Index is a measure of market’s expectation of volatility over the near term. Volatility is often described as the “rate and magnitude of changes in prices" and in finance often referred to as risk.

• Volatility Index is a measure, of the amount by which an underlying Index is expected to fluctuate, in the near term, (calculated as annualised volatility, denoted in percentage e.g. 20%) based on the order book of the underlying index options.