The Nifty Financial Services Index Derivatives are cash-settled with expiry day being the last Thursday of the expiry month for the monthly contracts & Thursday of the expiring week for weekly expiry contracts. Nifty Financial Services Index (FINNIFTY) Contract Type and Settlement Process: The weight of each stock is based on its free float market capitalization The companies should form part of Nifty 500 at the time of review to be eligible for inclusion in the index.A buffer based on free float market capitalization is applied to reduce turnover.The index is reconstituted semi-annually.The index comprises a maximum of 20 stocks.Finance, Insurance, NBFCs, other financial services companies etc.The index tracks the performance of Indian financial services companies including Banks, Housing.The index has a base date of January 01, 2004, with a base value of 1000.Nifty Financial Services Index In a nutshell: The symbol for the Nifty Financial Services is FINNFITY. The Nifty Financial Services Index aim is to capture this diversity of subsectors within financial services and track their performance in a single index. Similar to Banks, Housing Finance companies and NBFCs support credit creation and growth across the economy. Similarly in recent years other subsectors of the financial services including Insurance, Housing Finance, NBFCs, Asset Management Companies etc. The IWFs for each company in the index are determined based on the public shareholding of the companies as disclosed in the shareholding pattern submitted to the stock exchanges.Īs you know the financial services firms are important to the success for any economy in the long run particularly in India the landscape is continuously changing and evolving with time.įor example, Banks which have historically played a crucial role in the financial system by providing surplus funds from savers to borrowers. Higher IWF suggest greater number of shares held by the investors as reported under public category within a shareholding pattern reported by each company. Note: Investible Weight Factors (IWF) as the term suggests is a unit of floating stock expressed in terms of a number available for trading and which is not held by the entities having strategic interest in a company. The index comprises a maximum of 20 stocks and a stock’s weight is based on its free float market capitalization.įree Float Market Capitalization = Shares outstanding * Price * IWF(Investible Weight Factors) The Nifty Financial Services Index ( FINNIFTY) tracks the performance of Indian financial services companies including banks, housing finance, insurance, NBFCs, other financial services companies etc. What Is Nifty Financial Services Index (FINNIFTY Index)? How Much Margin Required To Sell FINNIFTY Index In Options?.How Nifty Financial Services Index (FINNIFTY) Performed on the Launched Day?.Nifty Financial Services Index LOT Size, Symbol, Option Types, Expiry and Other Contract Specification:.Nifty Financial Services Beta and Correlations with Nifty 50 Index, Nifty Bank and Nifty 500 Index:.Return Risk Ratio Comparison For FINNIFTY VS NIFTY50 VS BANKNIFTY VS NIFTY500:.Volatility Comparison For FINNIFTY VS NIFTY50 VS BANKNIFTY VS NIFTY500:.CAGR Returns Comparison For FINNIFTY VS NIFTY50 VS BANKNIFTY VS NIFTY500:.Sectors Involved In Nifty Financial Services Index (FINNIFTY):.List Of Stocks In Nifty Financial Services Index (FINNIFTY) With Weightage:. ![]() ![]() Nifty Financial Services Index (FINNIFTY) Contract Type and Settlement Process:.What Is Nifty Financial Services Index (FINNIFTY Index)?.
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