NSE has introduced a new sectoral index, the Nifty Chemicals Index, aimed at tracking the performance of companies within the chemicals sector. This index focuses on the top 20 stocks from the Nifty 500 that belong to the chemicals industry, selected based on their six-month average free-float market capitalization. Stocks eligible for inclusion are those traded in the derivatives segment on the NSE.
- The weightage of each stock in the index is determined by its free-float market capitalization, with individual stock weightage capped at 33% and the combined weightage of the top three stocks capped at 62%.
- The index has a base date of April 1, 2005, and a base value of 1000. It undergoes a semi-annual reconstitution and quarterly rebalancing
- As of February 28, 2025, the index has delivered a total return of 5.67% over the past year, and a Compound Annual Growth Rate (CAGR) of 19.71% since its inception.
- Key constituents of the index include Pidilite Industries (13.35% weightage), SRF (13.24%), UPL (10.45%), PI Industries (7.98%), and Solar Industries India (6.92%).
- The Nifty Chemicals Index is designed to serve as a benchmark for asset managers and a reference index for passive investment vehicles such as Exchange Traded Funds (ETFs), index funds, and structured products.
| Portfolio Characteristics | ||||||||||
| Methodology | Periodic capped free float | Index Returns (%) | QTD | YTD | 1Year | 5 Years | Since Inception | |||
| No of constituents | 20 | Price Returns | -6.54 | -6.54 | 5.23 | 19.87 | 17.59 | |||
| Launch Date | March 11,2025 | Total Return | -6.49 | -6.49 | 5.67 | 20.55 | 19.71 | |||
| Base Date | April 01,2005 | |||||||||
| Base Value | 1000 | Statistics | 1 Year | 5 years | Since Inception | |||||
| Calculation Frequency | End of Day | Std Deviation | 19.58 | 21.21 | 22.03 | |||||
| Index Rebalancing | Semi- Annually | Beta(Nifty 50) | 0.91 | 0.82 | 0.73 | |||||
| Correlation(Nifty 50) | 0.65 | 0.73 | 0.7 | |||||||
| Top Constituents by Weightage | Weight (%) | |||||||||
| Pidilite Industries | 13.35 | Fundamentals | ||||||||
| SRF | 13.24 | P/E | P/B | Dividend Yield | ||||||
| UPL | 10.45 | 48.2 | 3.89 | 0.92 | ||||||
| PI industries | 7.98 | |||||||||
| Solar Industries | 6.92 | |||||||||
| Coromandel International | 6.39 | |||||||||
| Gujrat Fluorochemicals | 4.78 | |||||||||
| Navin Fluorine International | 4.29 | |||||||||
| Deepak Nitrate | 4.15 | |||||||||
| Linde India | 4.07 | |||||||||