October 31, 2024

The Nifty Financial Services Ex-Bank Index which aims to track the performance of portfolio of stocks from the Financial Services
sector other than Banks. The largest 30 stocks from eligible basic industries are chosen based on 6 month average free-float market
capitalisation. Index stock weights are based on their free-float market capitalization. Stock weights are capped at 25% each.

The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products.

Index Variant: Nifty Financial Services Ex-Bank Total Returns Index.

Portfolio Characteristics
Methodology Periodic Capped Free Float Index Since
QTD YTD 1 Year 5 Years
Returns (%) # Inception
No. of Constituents 30
Price Return -7.16 16.97 28.22 14.49 18.08
Launch Date February 02, 2022 Total Return -7.15 17.80 29.35 15.45 19.76
Base Date April 01, 2005
Since
Base Value 1000 Statistics ## 1 Year 5 Years
Inception
Calculation Frequency End of day Std. Deviation * 19.27 24.94 26.73
Index Rebalancing Semi - Annually Beta (NIFTY 50) 1.15 1.17 1.10
Correlation (NIFTY 50) 0.80 0.89 0.87
1 Year Performance Comparison of Sector Indices
Fundamentals
P/E P/B Dividend Yield
22.67 3.28 0.82

Top constituents by weightage

Company’s Name Weight(%)

Bajaj Finance Ltd. 13.94

Jio Financial Services Ltd. 7.65
Bajaj Finserv Ltd. 6.92
Shriram Finance Ltd. 6.35
HDFC Life Insurance Company Ltd. 5.56
SBI Life Insurance Company Ltd. 5.25
Power Finance Corporation Ltd. 4.79
REC Ltd. 4.72
BSE Ltd. 4.38
PB Fintech Ltd. 3.90

## 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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 October 31, 2024

Index Methodology
• Stocks part of / going to form part of the Nifty 500 at the time of review are eligible for inclusion in the index.
• Stocks forming part of the Financial Services sector other than Banks shall be eligible to be included from the universe at the time of
review.
• The index comprises of maximum of 30 companies.
• The weight of each stock in the index is based on its free float market capitalization.
• Stocks weights are capped at 25% each.
• The Index is reconstituted semi-annually along with Nifty Broad-based indices.

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 Indices 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:
Email: indices@nse.co.in | Tel: +91 22 26598386 | Fax: +91 22 26598120
Learn more at: www.niftyindices.com
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