NSE Indices Launches Nifty500 Growth 50 Index
· Business · Business Standard
NSE Indices, a subsidiary of the National Stock Exchange, has introduced the Nifty500 Growth 50 Index to track the performance of companies within the Nifty 500 universe. The new index selects 50 stocks based on their growth scores, which are calculated using metrics like sales growth, profit growth, and momentum. The index is designed to reflect the performance of companies that demonstrate high growth potential relative to their peers. It will be reconstituted on a semi-annual basis to ensure the constituent companies remain aligned with the growth criteria. The launch aims to provide investors with a benchmark for growth-oriented equity strategies in the Indian market.
Why it matters
This index provides a new performance benchmark for fund managers and investors focusing on high-growth companies, potentially influencing the creation of new investment products like ETFs and index funds.
Read the original report — Business Standard
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.