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Nifty Total Market Index

NSE Indices launches a new index - Nifty Total Market Index.

The Nifty Total Market index aims to track the performance of 750 stocks covering large, mid, small and microcap segments. All stocks that are part of Nifty 500 index and Nifty Microcap 250 index form part of the Nifty Total Market index. The weight of the stocks in the index is based on their free-float market capitalization.

The Nifty Total Market index will allow investors to track the performance of equities across different size segments through a single index. This index will represent the broadest measure on the performance of the Indian equity markets at an aggregate level.

Historical returns and fundamental data:

NIFTY TOTAL MARKET INDEX

Nifty Total Market Index = Nifty 50 + Nifty Next 50 + Nifty Midcap 150 + Nifty Smallcap 250 + Nifty Microcap 250. The Nifty Total Market Index covers ~98% of the total Market Cap of all NSE listed stocks.

The base date for the index is April 01, 2005 and base value is 1000. The current value of this index is 8769. The Total Return index variant of this index is also available.

Index reconstitution will be aligned with the rebalancing of Nifty 500 and Nifty Microcap 250 Indices and will be done on a semi-annual basis and made effective from the last trading day of March and September..

Will there be any Index fund or ETF for this index?

Maybe not in the near future, but we would get Index Funds and ETFs for this index. As the economy and market evolves we will have more funds and ETFs from passive space for small cap and micro cap indices. This in-turn will make the way for a Total Stock Market Index like Vanguard Total Stock Market Index funds.


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