October 31, 2022

The NIFTY Next 50 Index represents 50 companies from NIFTY 100 after excluding the NIFTY 50 companies.

NIFTY Next 50 is computed using free float market capitalization method wherein the level of the index reflects total free float market
value of all the stocks in the index relative to a particular base market capitalization value. NIFTY Next 50 Index can be used for a
variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.

Index Variant: NIFTY Next 50 Total Returns Index.

Portfolio Characteristics
Methodology Periodic Capped Free Float Index Since
QTD YTD 1 Year 5 Years
No. of Constituents 50 Returns (%) Inception
Launch Date December 24, 1996 Price Return 0.56 0.96 1.28 7.53 15.52
Base Date November 04, 1996 Total Return 0.59 1.97 2.60 8.66

Base Value 1000 Since

Calculation Frequency Real-Time Statistics ## 1 Year 5 Years
Inception
Index Rebalancing Semi-Annually Std. Deviation * 20.33 19.38 26.30
Sector Representation Beta (NIFTY 50) 0.98 0.86 0.95

Sector Weight(%) Correlation (NIFTY 50) 0.87 0.86 0.85

Financial Services 17.16

Fundamentals
Fast Moving Consumer Goods 12.92
P/E P/B Dividend Yield
Chemicals 9.19
22.25 4.66 1.99
Power 9.13
Construction Materials 8.03
Top constituents by weightage
Oil, Gas & Consumable Fuels 7.85
Capital Goods 7.65 Company’s Name Weight(%)
Consumer Services 7.54
Consumer Durables 4.00 Pidilite Industries Ltd. 3.53
Information Technology 3.40 Ambuja Cements Ltd. 3.51
Healthcare 2.91 Tata Power Co. Ltd. 3.43
Metals & Mining 2.80 Bharat Electronics Ltd. 3.43
Automobile and Auto Components 2.36 SRF Ltd. 3.33
Realty 2.14
Adani Total Gas Ltd. 3.32
Services 1.54
Adani Transmission Ltd. 3.13
Telecommunication 1.39
Dabur India Ltd. 2.90
Godrej Consumer Products Ltd. 2.81
Vedanta Ltd. 2.80

## Based on Price Return Index.

# QTD,YTD and 1 year returns are absolute returns.Returns for greater than one year are CAGR returns.
* Average daily standard deviation annualised.
Disclaimer: All information contained herewith is provided for reference purpose only. NSE Indices Limited (formerly known as India Index Services & Products Limited-IISL) ensures accuracy and reliability of the above
information to the best of its endeavors. However, NSE Indices Limited makes no warranty or representation as to the accuracy, completeness or reliability of any of the information contained herein and disclaim any and all
liability whatsoever to any person for any damage or loss of any nature arising from or as a result of reliance on any of the information provided herein. The information contained in this document is not intended to provide any
professional advice. 1
 October 31, 2022

Index Methodology
Eligibility Criteria for Selection of Constituent Stocks:

Represents 50 companies from NIFTY 100 after excluding the constituents of NIFTY 50.

Cumulative weight of index constituents that are not available for trading in F&O segment (Non F&O stocks) is capped at 15% on a
quarterly rebalance dates.

Weightage of non F&O stocks in the index are individually capped at 4.5% on quarterly rebalance dates.

Index Re-Balancing:
Index is re-balanced on semi-annual basis. The cut-off date is January 31 and July 31 of each year, i.e. For semi-annual review of
indices, average data for six months ending the cut-off date is considered. Four weeks prior notice is given to market from the date of
change.

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.

Key Indices
Broad Market Sectoral Indices Thematic Indices Strategy Indices Fixed Income
NIFTY 50 NIFTY Bank NIFTY CPSE NIFTY100 Equal Weight NIFTY 10 yr Benchmark G-Sec
NIFTY Next 50 NIFTY IT NIFTY Commodities NIFTY50 PR 1x Inverse NIFTY 8-13 yr G-Sec
NIFTY 100 NIFTY PSU Bank NIFTY Energy NIFTY50 PR 2x Leverage NIFTY 4-8 yr G-Sec
NIFTY 200 NIFTY FMCG NIFTY Shariah 25 NIFTY50 Value 20 NIFTY 11-15 yr G-Sec
NIFTY 500 NIFTY Private Bank NIFTY 100 Liquid15 NIFTY100 Quality 30 NIFTY 15 yr and above G-Sec
NIFTY Midcap 50 NIFTY Metal NIFTY Infrastructure NIFTY Low Volatility 50 NIFTY Composite G-Sec
NIFTY Midcap 100 NIFTY Financial Services NIFTY Corporate Group NIFTY Alpha 50 NIFTY 1D Rate

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