Nifty refers to the Nifty 50 Index, which tracks the performance of 50 of the most liquid stocks listed on India's National Stock Exchange (NSE). The Nifty is one of India's most watched stock market indices and is commonly used as a proxy for the entire Indian stock market. The index value is based on the total market value of all the stocks in the index relative to a specific base period. It is computed using a free-float market capitalization-weighted methodology.
The nifty 50 index fund is an investment vehicle that aims to replicate the performance of the Nifty 50 index. It is a type of index fund that holds all the stocks in the Nifty 50 index in the same proportion as they are represented in the index. The fund's value will fluctuate based on the performance of the companies represented in the index. The Nifty 50 index fund is considered a low-cost, diversified, and passive investment option for Indian investors. It can be traded like any other stock and held in a Demat account.
Here is a list of the current companies that make up the Nifty 50 index as of my knowledge cut-off date:
- Adani Ports and Special Economic Zone Limited
- Asian Paints Limited
- Axis Bank Limited
- Bajaj Auto Limited
- Bharat Petroleum Corporation Limited
- Bharti Airtel Limited
- Bajaj Finance Limited
- Bajaj Finserv Limited
- Bharat Heavy Electricals Limited
- Cipla Limited
- Coal India Limited
- Dr. Reddy's Laboratories Limited
- Eicher Motors Limited
- GAIL (India) Limited
- Grasim Industries Limited
- HDFC Bank Limited
- Hero MotoCorp Limited
- Housing Development Finance Corporation Limited
- ICICI Bank Limited
- IndusInd Bank Limited
- Infosys Limited
- ITC Limited
- Kotak Mahindra Bank Limited
- Larsen & Toubro Limited
- Lupin Limited
- Mahindra & Mahindra Limited
- Maruti Suzuki India Limited
- NTPC Limited
- Oil & Natural Gas Corporation Limited
- ONGC Videsh Limited
- Power Grid Corporation of India Limited
- Reliance Industries Limited
- State Bank of India
- Sun Pharmaceutical Industries Limited
- Tata Consultancy Services Limited
- Tata Motors Limited
- Tata Steel Limited
- Tata Power Company Limited
- Tech Mahindra Limited
- TATA ELXSI Limited
- UPL Limited
- Vedanta Limited
- Wipro Limited
- Yes Bank Limited
- Zee Entertainment Enterprises Limited
- Bharat Electronics Limited
- Bharat Forge Limited
- Canara Bank
- Indian Oil Corporation Limited
- National Aluminium Company Limited
It's worth noting that the composition of the Nifty 50 index may change over time, and it's essential to check the current design of the index before investing in a Nifty 50 index fund. Additionally, conducting thorough research and seeking professional advice before making investment decisions is essential.