Nifty EV & New Age Index Stocks List
The Nifty EV & New Age Automotive Index aims to track the performance of the companies that are active in electric vehicles or new age automotive vehicles (such as hybrid vehicles, hydrogen fuel-based vehicles and green hybrid vehicles) segment.
This particularly includes manufacturers of electric vehicles, new age automotive vehicles, electric batteries; electric vehicles or electric battery component producers, companies that produce or supply raw materials that are relevant to the electric vehicle and autonomous vehicle technology segment, companies that build autonomous vehicles, and suppliers of autonomous vehicle technologies.
Nifty EV & New Age Automotive Index can be used for a variety of purposes such as benchmarking fund portfolios, launching index funds, ETFs, and structured products
Highlights
- The index has a base date of April 02, 2018 and a base value of 1000
- Stocks forming part / going to be a part of the Nifty 500 index at the time of review are eligible for inclusion in the index
- Stocks forming a part of the Nifty 500 are eligible to be a part of the index provided they are involved in the production and supply of electric or new age automotive vehicles, batteries, components, raw materials, and technology
- The overall weight of the stocks belonging to the Group A (Manufacturing of 2W/3W/4W/PV/CV Electric and New age automotive vehicles) shall be capped at 40%.
- The weight of each stock belonging to Group A shall be capped at 8%. All other stocks are capped at 4%.
- The index is reconstituted semi-annually and rebalanced on a quarterly basis