February 29, 2024

The Nifty Auto Index is designed to reflect the behaviour and performance of the Automobiles segment of the financial market. The
Nifty Auto Index comprises 15 tradable, exchange listed companies. The index represents auto related sectors like Automobiles 4
wheelers, Automobiles 2 & 3 wheelers, Auto Ancillaries and Tyres.

Nifty Auto Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float
market value of all the stocks in the index relative to particular base market capitalization value.

Nifty Auto 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 Auto Total Returns Index.

Portfolio Characteristics
Methodology Periodic Capped Free Float Index Since
QTD YTD 1 Year 5 Years
Returns (%) Inception
No. of Constituents 15
Price Return 9.64 9.64 60.33 19.56 16.12
Launch Date July 12, 2011 Total Return 9.68 9.68 61.51 20.95 17.66
Base Date January 01, 2004
Since
Base Value 1000 Statistics ## 1 Year 5 Years
Inception
Calculation Frequency Real-Time Std. Deviation * 13.15 24.65 23.64
Index Rebalancing Semi-Annually Beta (NIFTY 50) 0.84 1.03 0.88
Correlation (NIFTY 50) 0.64 0.80 0.81
1 Year Performance Comparison of Sector Indices
Fundamentals
P/E P/B Dividend Yield
26.1 5.84 0.86

Top constituents by weightage

Company’s Name Weight(%)

Mahindra & Mahindra Ltd. 18.08
Tata Motors Ltd. 17.49
Maruti Suzuki India Ltd. 15.58
Bajaj Auto Ltd. 9.35
Hero MotoCorp Ltd. 6.01
Eicher Motors Ltd. 5.42
TVS Motor Company Ltd. 5.20
Tube Investments of India Ltd. 3.81
MRF Ltd. 3.11
Bharat Forge Ltd. 3.08

## 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.
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 February 29, 2024

Index Methodology
Eligibility Criteria for Selection of Constituent Stocks:
i. Companies should form part of Nifty 500 at the time of review. In case, the number of eligible stocks representing a particular sector
within Nifty 500 falls below 10, then deficit number of stocks shall be selected from the universe of stocks ranked within top 800
based on both average daily turnover and average daily full market capitalisation based on previous six months period data used for
index rebalancing of Nifty 500.
ii. Companies should form a part of the Automobiles sector.
iii. The company's trading frequency should be at least 90% in the last six months.
iv. The Company should have a minimum listing history of 1 month as on the cutoff date.
v. Final selection of 15 companies shall be done based on the free-float market capitalization of the companies.
vi. Weightage of each stock in the index is calculated based on its free-float market capitalization such that no single stock shall be
more than 33% and weightage of top 3 stocks cumulatively shall not be more than 62% at the time of rebalancing.

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

Contact Us: Bloomberg - NSEAUTO Index

Email: [email protected] | Tel: +91 22 26598386 | Fax: +91 22 26598120
Learn more at: www.niftyindices.com Thomson Reuters - .NIFTYAUTO
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