NSE BSE
nifty fin service

Nifty Fin Service

23626.8 30.45 (0.12%)
Jul 22 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
23641.05

52 Week Range

Low 18870.15 High 24046.60
23641.05

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
24509.25
arrowup arrowndown
-21.65 -0.09% 24530.90 forward-arrow
India VIX
15.44
arrowup arrowndown
0.61 4.11% 14.83 forward-arrow
Nifty Bank
52280.40
arrowup arrowndown
14.80 0.03% 52265.60 forward-arrow
Nifty 100
25490.40
arrowup arrowndown
39.55 0.16% 25450.85 forward-arrow
Nifty 200
13834.20
arrowup arrowndown
46.05 0.33% 13788.15 forward-arrow
Nifty Fin Service
23626.80
arrowup arrowndown
30.45 0.13% 23596.35 forward-arrow
Nifty 500
22942.65
arrowup arrowndown
89.05 0.39% 22853.60 forward-arrow
NIFTY Alpha 50
57632.70
arrowup arrowndown
642.95 1.13% 56989.75 forward-arrow
Nifty Auto
25250.75
arrowup arrowndown
287.40 1.15% 24963.35 forward-arrow
Nifty CPSE
7177.65
arrowup arrowndown
104.75 1.48% 7072.90 forward-arrow
Nifty Energy
41945.50
arrowup arrowndown
-117.30 -0.28% 42062.80 forward-arrow
Nifty GS 4 8Yr
2874.77
arrowup arrowndown
-0.75 -0.03% 2875.52 forward-arrow
Nifty GS 8 13Yr
2651.36
arrowup arrowndown
-0.23 -0.01% 2651.59 forward-arrow
NIFTY INDIA MFG
14540.45
arrowup arrowndown
133.20 0.92% 14407.25 forward-arrow
Nifty Infra
9157.80
arrowup arrowndown
35.45 0.39% 9122.35 forward-arrow
Nifty IT
39773.15
arrowup arrowndown
-150.15 -0.38% 39923.30 forward-arrow
Nifty Media
1953.70
arrowup arrowndown
-9.25 -0.47% 1962.95 forward-arrow
Nifty Metal
9350.60
arrowup arrowndown
94.30 1.02% 9256.30 forward-arrow
Nifty Midcap 50
15867.10
arrowup arrowndown
270.70 1.74% 15596.40 forward-arrow
Nifty MNC
30696.10
arrowup arrowndown
241.15 0.79% 30454.95 forward-arrow
Nifty Next 50
72265.95
arrowup arrowndown
912.95 1.28% 71353.00 forward-arrow
Nifty Pharma
20641.55
arrowup arrowndown
216.15 1.06% 20425.40 forward-arrow
Nifty PSE
11128.60
arrowup arrowndown
199.60 1.83% 10929.00 forward-arrow
Nifty PSU Bank
7321.50
arrowup arrowndown
18.90 0.26% 7302.60 forward-arrow
Nifty Pvt Bank
26015.00
arrowup arrowndown
7.00 0.03% 26008.00 forward-arrow
Nifty Realty
1090.90
arrowup arrowndown
-5.30 -0.48% 1096.20 forward-arrow
NIFTY SMLCAP 50
8610.50
arrowup arrowndown
65.70 0.77% 8544.80 forward-arrow
NIFTY TOTAL MKT
12910.10
arrowup arrowndown
52.40 0.41% 12857.70 forward-arrow
Nifty100 Liq 15
6848.45
arrowup arrowndown
-42.10 -0.61% 6890.55 forward-arrow
Nifty GS 10Yr
2348.51
arrowup arrowndown
-0.45 -0.02% 2348.96 forward-arrow
Nifty FMCG
60881.75
arrowup arrowndown
-206.15 -0.34% 61087.90 forward-arrow
Nifty Commodities
9223.25
arrowup arrowndown
76.60 0.84% 9146.65 forward-arrow
NIFTY CONSR DURBL
37748.90
arrowup arrowndown
150.00 0.40% 37598.90 forward-arrow
Nifty Consumption
11452.70
arrowup arrowndown
58.40 0.51% 11394.30 forward-arrow
Nifty Div Opps 50
6609.15
arrowup arrowndown
25.70 0.39% 6583.45 forward-arrow
Nifty FinSrv25 50
25831.60
arrowup arrowndown
29.55 0.11% 25802.05 forward-arrow
Nifty GrowSect 15
11939.75
arrowup arrowndown
-28.15 -0.24% 11967.90 forward-arrow
Nifty GS 10Yr Cln
880.11
arrowup arrowndown
-0.35 -0.04% 880.46 forward-arrow
Nifty GS 11 15Yr
2938.16
arrowup arrowndown
-0.45 -0.02% 2938.61 forward-arrow
Nifty GS 15YrPlus
3262.69
arrowup arrowndown
1.30 0.04% 3261.39 forward-arrow
Nifty GS Compsite
2750.01
arrowup arrowndown
-0.05 0.00% 2750.06 forward-arrow
NIFTY HEALTHCARE
13110.40
arrowup arrowndown
142.75 1.10% 12967.65 forward-arrow
NIFTY IND DIGITAL
8779.35
arrowup arrowndown
17.65 0.20% 8761.70 forward-arrow
NIFTY LARGEMID250
15987.65
arrowup arrowndown
98.50 0.62% 15889.15 forward-arrow
NIFTY M150 QLTY50
24688.00
arrowup arrowndown
225.35 0.92% 24462.65 forward-arrow
NIFTY MICROCAP250
23455.15
arrowup arrowndown
208.55 0.90% 23246.60 forward-arrow
Nifty Mid Liq 15
13179.70
arrowup arrowndown
148.45 1.14% 13031.25 forward-arrow
NIFTY MID SELECT
12412.80
arrowup arrowndown
218.70 1.79% 12194.10 forward-arrow
NIFTY MIDCAP 100
56624.65
arrowup arrowndown
716.35 1.28% 55908.30 forward-arrow
NIFTY MIDCAP 150
21040.35
arrowup arrowndown
228.10 1.10% 20812.25 forward-arrow
NIFTY MIDSML 400
19739.15
arrowup arrowndown
200.20 1.02% 19538.95 forward-arrow
NIFTY OIL AND GAS
12651.25
arrowup arrowndown
-78.65 -0.62% 12729.90 forward-arrow
Nifty Serv Sector
31228.85
arrowup arrowndown
52.80 0.17% 31176.05 forward-arrow
NIFTY SMLCAP 100
18563.05
arrowup arrowndown
165.30 0.90% 18397.75 forward-arrow
NIFTY SMLCAP 250
17317.00
arrowup arrowndown
153.60 0.89% 17163.40 forward-arrow
NIFTY100 EQL Wgt
33289.20
arrowup arrowndown
175.10 0.53% 33114.10 forward-arrow
NIFTY100 LowVol30
19679.40
arrowup arrowndown
-40.00 -0.20% 19719.40 forward-arrow
NIFTY100 Qualty30
5877.50
arrowup arrowndown
9.10 0.16% 5868.40 forward-arrow
Nifty100ESGSecLdr
4067.90
arrowup arrowndown
6.65 0.16% 4061.25 forward-arrow
NAME PRICE CHANGE CHANGE % PREVIOUS CLOSE
SENSEX
80502.08
-102.57 -0.13% 80604.65 forward-arrow
BSE100
25888.73
67.18 0.26% 25821.55 forward-arrow
SNSX50
25750.71
-18.36 -0.07% 25769.07 forward-arrow
BSE200
11306.46
37.26 0.33% 11269.20 forward-arrow
BSE500
36241.36
140.39 0.39% 36100.97 forward-arrow
BSE CG
72677.78
1078.61 1.51% 71599.17 forward-arrow
BSE CD
57626.53
125.99 0.22% 57500.54 forward-arrow
BSEPSU
22134.44
292.45 1.34% 21841.99 forward-arrow
TECK
18567.60
-2.46 -0.01% 18570.06 forward-arrow
BANKEX
60001.83
-165.27 -0.27% 60167.10 forward-arrow
AUTO
57156.23
655.90 1.16% 56500.33 forward-arrow
METAL
31858.92
341.82 1.08% 31517.10 forward-arrow
OILGAS
30774.68
-37.32 -0.12% 30812.00 forward-arrow
DOL30
7899.62
-11.47 -0.14% 7911.09 forward-arrow
DOL100
3201.08
7.75 0.24% 3193.33 forward-arrow
DOL200
2249.94
7.04 0.31% 2242.90 forward-arrow
REALTY
8512.82
-45.19 -0.53% 8558.01 forward-arrow
POWER
7837.58
127.89 1.66% 7709.69 forward-arrow
BSEIPO
15944.63
26.30 0.17% 15918.33 forward-arrow
GREENX
7472.56
49.53 0.67% 7423.03 forward-arrow
CARBON
4213.87
11.10 0.26% 4202.77 forward-arrow
SMEIPO
93860.11
452.11 0.48% 93408.00 forward-arrow
INFRA
714.97
10.71 1.52% 704.26 forward-arrow
CPSE
4429.77
80.67 1.85% 4349.10 forward-arrow
MIDCAP
46849.45
589.42 1.27% 46260.03 forward-arrow
SMLCAP
52916.50
434.70 0.83% 52481.80 forward-arrow
BSEFMC
21999.72
-59.03 -0.27% 22058.75 forward-arrow
BSE HC
38512.85
356.69 0.93% 38156.16 forward-arrow
BSE IT
40593.28
-27.00 -0.07% 40620.28 forward-arrow
MFG
1082.46
2.60 0.24% 1079.86 forward-arrow
ALLCAP
10577.61
43.91 0.42% 10533.70 forward-arrow
COMDTY
7583.06
106.83 1.43% 7476.23 forward-arrow
CONDIS
9952.70
84.73 0.86% 9867.97 forward-arrow
ENERGY
13165.91
-88.16 -0.67% 13254.07 forward-arrow
FINSER
11494.82
38.99 0.34% 11455.83 forward-arrow
INDSTR
15721.67
202.37 1.30% 15519.30 forward-arrow
LRGCAP
9587.28
10.11 0.11% 9577.17 forward-arrow
MIDSEL
16761.92
299.94 1.82% 16461.98 forward-arrow
SMLSEL
7868.90
54.22 0.69% 7814.68 forward-arrow
TELCOM
3138.90
22.09 0.71% 3116.81 forward-arrow
UTILS
6204.33
81.23 1.33% 6123.10 forward-arrow
BHRT22
9295.81
65.00 0.70% 9230.81 forward-arrow
ESG100
405.43
0.55 0.14% 404.88 forward-arrow
MID150
16062.90
181.04 1.14% 15881.86 forward-arrow
SML250
6980.06
63.77 0.92% 6916.29 forward-arrow
LMI250
10746.45
35.56 0.33% 10710.89 forward-arrow
MSL400
12154.68
127.89 1.06% 12026.79 forward-arrow
BSEDSI
1079.34
8.53 0.80% 1070.81 forward-arrow
BSEEVI
1001.22
10.84 1.09% 990.38 forward-arrow
BSELVI
1870.59
4.42 0.24% 1866.17 forward-arrow
BSEMOI
2315.47
34.76 1.52% 2280.71 forward-arrow
BSEQUI
2011.34
16.03 0.80% 1995.31 forward-arrow
DFRGRI
1427.39
3.34 0.23% 1424.05 forward-arrow
LCTMCI
9201.43
12.29 0.13% 9189.14 forward-arrow
BSEPBI
18670.81
103.44 0.56% 18567.37 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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