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NSE BSE
nifty fin service

Nifty Fin Service

23834.55 -132.04 (-0.55%)
Nov 08 2024 03:30 PM Sector: -

26053

Nifty Fin Service

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No Data Available

Nifty Fin Service Performance

Day Range

Low21593.00 High21914.40
23834.55

52 Week Range

Low 19423.10 High 25201.95
23834.55

Open Price

21829.10

Prev. Close

21982.15

Volume (Shares)

.00

Total traded value

.00

Upper Circuit

.00

Lower Circuit

.00

    

An Overview

The Indian financial sector is one of the most dynamic and diverse in the world, comprising banks, financial institutions, housing finance, insurance companies, and other financial services providers. The sector plays a vital role in the economic growth and development of the country, as well as in providing financial inclusion and stability to the masses.

 

However, investing in the financial sector can be challenging, as there are many factors that affect the performance and valuation of the companies in this space. These include macroeconomic conditions, regulatory changes, interest rate movements, credit quality, competition, innovation, and customer preferences.

 

What is Fin Nifty?

To help investors gain exposure to the financial sector in a simple and efficient way, the National Stock Exchange (NSE) has launched a new index called Fin Nifty, or Nifty Financial Services Index. This index is designed to reflect the behaviour and performance of the Indian financial market, excluding the banking segment. It consists of 20 stocks that are listed on the NSE, representing various sub-sectors such as insurance, housing finance, asset management, and non-banking finance companies (NBFCs). It is computed using the free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.

 

Why Fin Nifty?

Fin Nifty offers several benefits to investors who want to invest in the financial sector, such as:

 

  • Diversification: Fin Nifty provides exposure to a broad range of financial services companies, covering different segments, products, and customer segments. This reduces the concentration risk and enhances the portfolio diversification.

  • Growth potential: Fin Nifty captures the growth potential of the financial sector, which is expected to benefit from the rising income levels, urbanisation, digitalization, and financial literacy in the country. The companies in the index are also well-positioned to leverage the opportunities arising from the structural reforms, such as the Insolvency and Bankruptcy Code, Goods and Services Tax, and Aadhaar-based identification system.

  • Liquidity: Fin Nifty comprises liquid and actively traded stocks, which ensures easy entry and exit for investors. The index also has a high correlation with the broader market indices, such as Nifty 50 and Nifty 500, which makes it suitable for hedging and arbitrage purposes.

  • Transparency: Fin Nifty follows a clear and objective methodology for selecting and weighting the constituents, based on the free-float market capitalization approach. The index is rebalanced semi-annually, and the changes are announced in advance. The index values are calculated and disseminated in real-time, and the historical data is available on the NSE website.

 

What is The Index Methodology? 

 

  • Constituents of the Nifty 500 such as banks, financial institutions, housing finance, and other financial services are a part of FINNIFTY. 

  • Amongst eligible universes, weightage of each sub sector is factored in based on the average free float market cap is calculated. 

  • The 20 companies are selected in a manner that the weightage of selected constituents closely matches the sub-sectors. 

  • Preference within sub-sectors is given to companies who are available for trading in the NSE F&O trading segment. 

  • Companies are included if the average free float market cap is 1.5 times the average free float market cap of the smallest index constituents. 

  • Weightage of each stock in the index is calculated based on its free-float market capitalization such that no single stock shall be more than 33% and weightage of top 3 stocks cumulatively shall not be more than 62% at the time of rebalancing.

  • The Index can be re-balanced twice a year with cut-off dates of January 31st and July 31st. Four weeks of prior notice is given to the market before re-balancing. 



How to Invest in Fin Nifty?

Investors can invest in Fin Nifty in various ways, such as:

 

  • Futures and Options: Fin Nifty has a dedicated futures and options (F&O) segment on the NSE, where investors can trade contracts based on the index. The F&O segment offers leverage, flexibility, and risk management tools for investors who want to take advantage of the price movements in the index.

  • Exchange Traded Funds (ETFs): Fin Nifty has several ETFs that track the index, such as the Nippon India ETF Fin Nifty, the ICICI Prudential Fin Nifty ETF, and the Kotak Fin Nifty ETF. These ETFs offer low-cost, passive, and diversified exposure to the index, and can be bought and sold on the NSE like any other stock.

  • Index Funds: Fin Nifty also has index funds that replicate the index, such as the Nippon India Index Fund - Fin Nifty Plan, the ICICI Prudential Index Fund - Fin Nifty Plan, and the Kotak Index Fund - Fin Nifty Plan. These funds offer similar benefits as the ETFs, but with the convenience of systematic investment plans (SIPs) and redemption facilities.

 

Wrapping Up

Fin Nifty is a new and innovative way to invest in the Indian financial sector, excluding the banking segment. It offers exposure to a diversified and growth-oriented portfolio of financial services companies, with high liquidity and transparency. Investors can invest in Fin Nifty through various instruments, such as F&O, ETFs, and index funds, depending on their risk appetite, return expectations, and investment horizon. Fin Nifty is a smart and simple way to participate in the financial revolution of India.

 

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory. 

 

Click Here For Research Disclaimers: https://bit.ly/3Tcsfuc

 

All Indices

  • NSE
  • BSE
NAME PRICE CHANGE CHANGE % PREVIOUS CLOSE
Nifty 50
24148.20
arrowup arrowndown
-51.15 -0.21% 24199.35 forward-arrow
India VIX
14.47
arrowup arrowndown
-0.47 -3.15% 14.94 forward-arrow
Nifty Bank
51561.20
arrowup arrowndown
-355.30 -0.68% 51916.50 forward-arrow
Nifty 100
25002.95
arrowup arrowndown
-107.75 -0.43% 25110.70 forward-arrow
Nifty 200
13602.30
arrowup arrowndown
-79.45 -0.58% 13681.75 forward-arrow
Nifty Fin Service
23834.55
arrowup arrowndown
-132.05 -0.55% 23966.60 forward-arrow
Nifty 500
22645.65
arrowup arrowndown
-160.60 -0.70% 22806.25 forward-arrow
NIFTY Alpha 50
55489.90
arrowup arrowndown
-1342.05 -2.36% 56831.95 forward-arrow
Nifty Auto
23805.20
arrowup arrowndown
-7.30 -0.03% 23812.50 forward-arrow
Nifty CPSE
6563.25
arrowup arrowndown
-81.15 -1.22% 6644.40 forward-arrow
Nifty Energy
38403.65
arrowup arrowndown
-586.90 -1.51% 38990.55 forward-arrow
Nifty GS 4 8Yr
2952.76
arrowup arrowndown
1.58 0.05% 2951.18 forward-arrow
Nifty GS 8 13Yr
2735.99
arrowup arrowndown
3.18 0.12% 2732.81 forward-arrow
NIFTY INDIA MFG
14229.60
arrowup arrowndown
-84.45 -0.59% 14314.05 forward-arrow
Nifty Infra
8709.40
arrowup arrowndown
-58.30 -0.66% 8767.70 forward-arrow
Nifty IT
42050.15
arrowup arrowndown
297.75 0.71% 41752.40 forward-arrow
Nifty Media
1960.70
arrowup arrowndown
-41.90 -2.09% 2002.60 forward-arrow
Nifty Metal
9308.90
arrowup arrowndown
-83.95 -0.89% 9392.85 forward-arrow
Nifty Midcap 50
15656.90
arrowup arrowndown
-199.70 -1.26% 15856.60 forward-arrow
Nifty MNC
29272.10
arrowup arrowndown
132.35 0.45% 29139.75 forward-arrow
Nifty Next 50
69774.20
arrowup arrowndown
-865.70 -1.23% 70639.90 forward-arrow
Nifty Pharma
22542.25
arrowup arrowndown
15.30 0.07% 22526.95 forward-arrow
Nifty PSE
10153.85
arrowup arrowndown
-166.85 -1.62% 10320.70 forward-arrow
Nifty PSU Bank
6845.20
arrowup arrowndown
-137.55 -1.97% 6982.75 forward-arrow
Nifty Pvt Bank
25186.75
arrowup arrowndown
-87.85 -0.35% 25274.60 forward-arrow
Nifty Realty
967.65
arrowup arrowndown
-28.90 -2.90% 996.55 forward-arrow
NIFTY SMLCAP 50
8918.20
arrowup arrowndown
-114.95 -1.27% 9033.15 forward-arrow
NIFTY TOTAL MKT
12775.30
arrowup arrowndown
-95.15 -0.74% 12870.45 forward-arrow
Nifty100 Liq 15
6432.65
arrowup arrowndown
-58.30 -0.90% 6490.95 forward-arrow
Nifty GS 10Yr
2420.36
arrowup arrowndown
4.50 0.19% 2415.86 forward-arrow
Nifty FMCG
58359.40
arrowup arrowndown
179.15 0.31% 58180.25 forward-arrow
Nifty Commodities
8770.60
arrowup arrowndown
-126.65 -1.42% 8897.25 forward-arrow
NIFTY CONSR DURBL
39908.10
arrowup arrowndown
162.45 0.41% 39745.65 forward-arrow
Nifty Consumption
11425.15
arrowup arrowndown
-8.45 -0.07% 11433.60 forward-arrow
Nifty Div Opps 50
6491.90
arrowup arrowndown
-33.55 -0.51% 6525.45 forward-arrow
Nifty FinSrv25 50
25783.75
arrowup arrowndown
-195.45 -0.75% 25979.20 forward-arrow
Nifty GrowSect 15
11879.75
arrowup arrowndown
92.65 0.79% 11787.10 forward-arrow
Nifty GS 10Yr Cln
889.24
arrowup arrowndown
1.49 0.17% 887.75 forward-arrow
Nifty GS 11 15Yr
3033.56
arrowup arrowndown
3.01 0.10% 3030.55 forward-arrow
Nifty GS 15YrPlus
3360.32
arrowup arrowndown
1.32 0.04% 3359.00 forward-arrow
Nifty GS Compsite
2833.08
arrowup arrowndown
3.19 0.11% 2829.89 forward-arrow
NIFTY HEALTHCARE
14476.50
arrowup arrowndown
31.30 0.22% 14445.20 forward-arrow
NIFTY IND DIGITAL
9188.70
arrowup arrowndown
-53.20 -0.58% 9241.90 forward-arrow
NIFTY LARGEMID250
15789.35
arrowup arrowndown
-138.50 -0.87% 15927.85 forward-arrow
NIFTY M150 QLTY50
24735.75
arrowup arrowndown
-159.25 -0.64% 24895.00 forward-arrow
NIFTY MICROCAP250
24799.45
arrowup arrowndown
-407.25 -1.62% 25206.70 forward-arrow
Nifty Mid Liq 15
13990.85
arrowup arrowndown
-15.70 -0.11% 14006.55 forward-arrow
NIFTY MID SELECT
12520.60
arrowup arrowndown
-73.80 -0.59% 12594.40 forward-arrow
NIFTY MIDCAP 100
56352.00
arrowup arrowndown
-757.15 -1.33% 57109.15 forward-arrow
NIFTY MIDCAP 150
20919.90
arrowup arrowndown
-274.95 -1.30% 21194.85 forward-arrow
NIFTY MIDSML 400
19796.45
arrowup arrowndown
-280.00 -1.39% 20076.45 forward-arrow
NIFTY OIL AND GAS
11228.10
arrowup arrowndown
-224.25 -1.96% 11452.35 forward-arrow
Nifty Serv Sector
31768.50
arrowup arrowndown
-92.20 -0.29% 31860.70 forward-arrow
NIFTY SMLCAP 100
18445.60
arrowup arrowndown
-318.25 -1.70% 18763.85 forward-arrow
NIFTY SMLCAP 250
17634.25
arrowup arrowndown
-280.35 -1.56% 17914.60 forward-arrow
NIFTY100 EQL Wgt
32286.70
arrowup arrowndown
-254.40 -0.78% 32541.10 forward-arrow
NIFTY100 LowVol30
19696.30
arrowup arrowndown
16.65 0.08% 19679.65 forward-arrow
NIFTY100 Qualty30
5748.95
arrowup arrowndown
-5.50 -0.10% 5754.45 forward-arrow
Nifty100ESGSecLdr
4012.15
arrowup arrowndown
-13.45 -0.33% 4025.60 forward-arrow
NAME PRICE CHANGE CHANGE % PREVIOUS CLOSE
SENSEX
79486.32
-55.47 -0.07% 79541.79 forward-arrow
BSE100
25503.64
-81.81 -0.32% 25585.45 forward-arrow
SNSX50
25409.08
-40.44 -0.16% 25449.52 forward-arrow
BSE200
11109.17
-59.47 -0.53% 11168.64 forward-arrow
BSE500
35663.87
-239.76 -0.67% 35903.63 forward-arrow
BSE CG
69479.43
-634.18 -0.90% 70113.61 forward-arrow
BSE CD
61648.78
430.19 0.70% 61218.59 forward-arrow
BSEPSU
19924.39
-373.49 -1.84% 20297.88 forward-arrow
TECK
19084.03
75.04 0.39% 19008.99 forward-arrow
BANKEX
58857.86
-384.88 -0.65% 59242.74 forward-arrow
AUTO
54041.07
78.13 0.14% 53962.94 forward-arrow
METAL
30982.90
-327.82 -1.05% 31310.72 forward-arrow
OILGAS
27324.24
-580.64 -2.08% 27904.88 forward-arrow
DOL30
7733.85
-7.56 -0.10% 7741.41 forward-arrow
DOL100
3126.74
-10.90 -0.35% 3137.64 forward-arrow
DOL200
2191.94
-12.33 -0.56% 2204.27 forward-arrow
REALTY
7554.30
-232.19 -2.98% 7786.49 forward-arrow
POWER
7703.27
-118.49 -1.51% 7821.76 forward-arrow
BSEIPO
15999.52
-188.33 -1.16% 16187.85 forward-arrow
GREENX
7827.50
33.63 0.43% 7793.87 forward-arrow
CARBON
4344.48
15.78 0.36% 4328.70 forward-arrow
SMEIPO
104513.08
-738.56 -0.70% 105251.64 forward-arrow
INFRA
638.06
-10.84 -1.67% 648.90 forward-arrow
CPSE
3896.84
-68.49 -1.73% 3965.33 forward-arrow
MIDCAP
46080.07
-548.46 -1.18% 46628.53 forward-arrow
SMLCAP
54913.85
-850.23 -1.52% 55764.08 forward-arrow
BSEFMC
21408.62
17.56 0.08% 21391.06 forward-arrow
BSE HC
44050.85
-50.48 -0.11% 44101.33 forward-arrow
BSE IT
41975.89
227.32 0.54% 41748.57 forward-arrow
MFG
1028.69
-2.38 -0.23% 1031.07 forward-arrow
ALLCAP
10471.31
71.07 0.68% 10400.24 forward-arrow
COMDTY
7505.32
-99.19 -1.30% 7604.51 forward-arrow
CONDIS
9826.42
-73.13 -0.74% 9899.55 forward-arrow
ENERGY
11565.90
-247.80 -2.10% 11813.70 forward-arrow
FINSER
11491.70
-85.09 -0.74% 11576.79 forward-arrow
INDSTR
15056.75
-174.82 -1.15% 15231.57 forward-arrow
LRGCAP
9380.26
-40.05 -0.43% 9420.31 forward-arrow
MIDSEL
16989.53
-181.24 -1.06% 17170.77 forward-arrow
SMLSEL
8076.60
-112.96 -1.38% 8189.56 forward-arrow
TELCOM
2851.94
-29.91 -1.04% 2881.85 forward-arrow
UTILS
6082.35
-98.11 -1.59% 6180.46 forward-arrow
BHRT22
8995.67
-67.09 -0.74% 9062.76 forward-arrow
ESG100
398.39
-0.59 -0.15% 398.98 forward-arrow
MID150
15831.74
-210.24 -1.31% 16041.98 forward-arrow
SML250
7102.46
-112.47 -1.56% 7214.93 forward-arrow
LMI250
10536.53
-60.03 -0.57% 10596.56 forward-arrow
MSL400
12115.41
-171.94 -1.40% 12287.35 forward-arrow
BSEDSI
1025.46
-6.94 -0.67% 1032.40 forward-arrow
BSEEVI
924.23
-15.54 -1.65% 939.77 forward-arrow
BSELVI
1806.20
0.33 0.02% 1805.87 forward-arrow
BSEMOI
2219.65
-38.49 -1.70% 2258.14 forward-arrow
BSEQUI
1867.07
0.00 0.00% 1867.07 forward-arrow
DFRGRI
1447.38
-9.42 -0.65% 1456.80 forward-arrow
LCTMCI
9010.09
-33.95 -0.38% 9044.04 forward-arrow
BSEPBI
18197.59
-99.06 -0.54% 18296.65 forward-arrow

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Frequently Asked Questions

What are the benefits of investing in Fin Nifty?

Answer Field

Investing in FinNifty offers several benefits, including diversification and risk reduction, as it tracks the performance of 20 financial services companies, such as banks, insurance businesses, and other financial institutions listed on the National Stock Exchange of India. This diversification helps in reducing non-systematic risks and provides more opportunities to investors due to its exposure to different sectors of the Indian economy. The index has shown good performance, with returns of 17.54% per annum compared to other major indices. Additionally, investing in FinNifty index provides a way to gain exposure to the financial sector of the Indian economy and can be used for benchmarking fund portfolios, launching index funds, ETFs, and structured products. However, it's important to be aware of potential disadvantages, such as concentration risk due to the FinNifty index including only 20 stocks.

How is Fin Nifty different from other market indices?

Answer Field

FinNifty, an Indian stock market index, differs from other market indices by focusing on the financial services sector, offering enhanced diversification, and using a free-float market capitalization-based weightage. It tracks 20 companies, providing a more targeted approach than broader global market indices like Nifty 50 and Nifty Bank. The index is rebalanced semi-annually and can be used for benchmarking portfolios, launching funds, ETFs, and structured products, making it a versatile tool for investors and market participants.

How many stocks are listed in Finnifty?

Answer Field

FinNifty, the Nifty Financial Services Index, consists of 20 FinNifty stocks across various financial institutions, including banks, insurance companies, NBFCs, housing finance companies, and other financial service providers. These FinNifty weightage stocks are part of the Nifty 500 index, and their weights are determined by free-float market capitalization.

What happens when Finnifty expires?

Answer Field

During FinNifty expiry date, the settlement is done in cash. For monthly contracts, the FinNifty expiry occurs on the last Tuesday of the month, and for weekly contracts, it happens on the Tuesday of the week in which the contract expires. If Tuesday is a market holiday, the previous trading day is considered the expiry day. Upon FinNifty expiry, the returns depend on the overall performance of the financial sector. If the sector is bullish, the returns would be attractive; if it is bearish, the returns would be low. The index is reconstituted on a semi-annual basis, and the settlement is in cash when the contract expires.

Is there any tax implication associated with investing in Fin Nifty?

Answer Field

There are no specific tax implications associated with investing in FinNifty. As with any investment, tax implications may arise from factors such as capital gains, dividends, and trading frequency. Before investing in FinNifty it's important for investors to consult with a tax advisor to understand the potential tax implications based on their individual circumstances.

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