NIFTY FMCG
12-10-2022:06:25:pm
The NIFTY FMCG Index was created to reflect how fast-moving consumer goods—also known as FMCGs—perform and behave as non-durable, mass-market goods that are readily available. 15 FMCG stocks listed on the National Stock Exchange make up the NIFTY FMCG Index (NSE)
The NIFTY FMCG Index is calculated using the free float method of market capitalization, and its level reflects the entire free float market value of all the stocks included in the index in relation to a specific base market capitalization value. The NIFTY FMCG Index is used for several things, including creating index funds, ETFs, and structured products as well as benchmarking fund portfolios.
Based on the companies' free-float market capitalization, the final selection of 15 companies will be made. Each stock's weight in the index is determined based on its free-float market capitalization, and at the time of rebalancing, no stock's weight can exceed 33% and the combined weight of the top 3 stocks cannot exceed 62%.
------------------------------------------------------------------------------------------------------
Download the app for more such blogs & videos.
https://dev.gofinx.com/app.
Gofinx App helps in financial planning & services such as filing GST, ITR at a flat fee under Rs 499. Use coupon code "NEWUSER" to get flat 50% OFF on 1st service.