NIFTY indices and market caps
TLDR: How are the NIFTY indices related to their market caps
There is a lot of confusion I have heard in forums discussing the indices in India and what the weightage of the different funds are when it comes to indices.
I had previously recommended these three index funds
UTI NIFTY index fund
UTI NIFTY next 50 index fund
Motilal Oswal Mid cap 150 index fund
As the go to option for most investors who want exposure to the Indian market.
There has been questions raised to as to why these funds and why not small cap fund or NIFTY 500 directly. I have covered these topics in my previous post here.
But how does the indices compare when it comes to market cap?
AMFI data for Jan to Jun 2019
A visual journey of the key Market cap indices of NIFTY 50, NIFTY Jr, NIFTY Mid cap 150, NIFTY small cap 250 and NIFTY 500. The data is sourced from AMFI data for Jun 2019.
NIFTY 500 weight by underlying indices
Total market cap of indices
Average market cap of companies in the index
Weightage of top 10 and bottom 10 companies within the index
Conclusion
Interesting to see the the drop off between the large cap, mid cap and small cap indices within NIFTY. This data will change on a daily basis as the market moves. But this gives a good ball park view for your reference.
Happy Investing.
