July 31, 2025
The Nifty Shariah indices are designed to offer investors Shariah-compliant investment solutions. NSE Indices Limited calculates
three shariah indices Nifty50 Shariah, Nifty500 Shariah & Nifty Shariah 25.
The Nifty 50 Index is parent index to Nifty50 Shariah Index. This index does not have fixed number of companies. Constituents of
parent index which are Shariah compliant are part of Nifty50 Shariah Index.
Nifty50 Shariah Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and
structured products.
Index Variant: Nifty50 Shariah Total Returns Index.
Portfolio Characteristics
Methodology Periodic Capped Free Float Index Since
QTD YTD 1 Year 5 Years
No. of Constituents 18 Returns (%) # Inception
Launch Date February 19, 2008 Price Return -4.34 -8.80 -15.40 11.02 8.56
Base Date December 29, 2006 Total Return -4.07 -7.46 -13.80 12.99 10.21
Base Value 1000 Since
Statistics ## 1 Year 5 Years
Calculation Frequency End of day Inception
Index Rebalancing Monthly Std. Deviation * 13.14 14.55 20.19
Sector Representation Beta (NIFTY 50) 0.84 0.78 0.89
Sector Weight(%) Correlation (NIFTY 50) 0.86 0.78 0.92
Information Technology 41.75
Fundamentals
Healthcare 16.08
P/E P/B Dividend Yield
Fast Moving Consumer Goods 14.18
23.3 5.05 2.47
Automobile and Auto Components 7.36
Oil, Gas & Consumable Fuels 6.79
Top constituents by weightage
Construction Materials 5.51
Consumer Services 4.23 Company’s Name Weight(%)
Consumer Durables 4.11
Infosys Ltd. 20.59
Tata Consultancy Services Ltd. 11.75
Hindustan Unilever Ltd. 8.48
Sun Pharmaceutical Industries Ltd. 6.97
HCL Technologies Ltd. 5.89
UltraTech Cement Ltd. 5.51
Tata Motors Ltd. 5.27
Trent Ltd. 4.23
Asian Paints Ltd. 4.11
Oil & Natural Gas Corporation Ltd. 3.55
## 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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July 31, 2025
Index Methodology
Eligibility Criteria for Selection of Constituent Stocks:
i. The current constituents of the Nifty 50 index are screened for Shariah compliance, those that are compliant form the Nifty50
Shariah.
ii. Stocks that meet above mentioned criteria and are also Shariah compliant form part of Nifty50 Shariah Index.
iii. 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:
Monthly shariah compliance screening is carried out by shariah screening partner of NSE Indices Limited. Index changes are typically
implemented from the first working day after F&O expiry of respective month.
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: Bloomberg - INSHNIFT Index
Email:
[email protected] | Tel: +91 22 26598386 | Fax: +91 22 26598120
Learn more at: www.niftyindices.com Thomson Reuters - .SHNSI
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