Tuesday, 29 July 2025

Nifty 50 Index Evolution Over a Decade From 2015 to 2025

Nifty 50 Index Evolution Over a Decade From 2015 to 2025
 
 
 
(The views expressed here are for information purposes only and should not be construed as a recommendation or investment advice. While the author is a CFA Charterholder with nearly 25 years of experience in financial markets, this content is intended to share general insights and does not constitute financial guidance. Please consult your financial adviser before taking any investment decision. Safe to assume the author has a vested interest in stocks / investments discussed if any.)
 

 
Stock indices are constantly evolving, and in the process, they undergo shifts that reshape their overall composition. In this article, we take a deep dive into the Nifty 50 Index, exploring how its stock and sector leadership has transformed over the past decade.

By analysing data from 2015, 2020 and 2025, we’ll examine the changes in the top 15 stocks and the top 10 sectors, shedding light on the forces that have driven this evolution and what the future may hold.
 
A similar blog was written earlier with data from 2011 to 2021. 
 

(write-up continues below)

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Related blogs on Nifty 50 Index Movements:

Nifty 50 Index Yearly Movement 31Dec2023 
 
Nifty 50 Index Yearly Movement 31Dec2022 
 
Nifty 50 Index Evolution Over a Decade From 2011 to 2021  
 
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2. Top 15 Stocks over a decade
 
The data presented in table 1 below pertain to top 15 stocks in India's premier index Nifty 50. Ten years data are presented with data points as on 31Dec2015, 31Dec2020 and 30Jun2025 -- with intervals of nearly five years. 
 
An analysis of the data reveals the following insights:
 
a)  Changes in 10 years between Dec2015 and Jun2025:
  
When comparing the Nifty 50 in 2025 to its composition in 2015, we see that 11 of the top 15 stocks are the same. The 11 stocks are: 

HDFC Bank 
ICICI Bank
Reliance Industries 
Infosys
Larsen & Toubro  
ITC Ltd 
Tata Consultancy Services
Axis Bank 
Kotak Mahindra Bank 
State Bank of India
Hindustan Unilever
 
While the weights and rankings of these stocks have fluctuated over the past 10 years, the same 11 stocks continue to dominate the top 15 in the 50-stock index. 
 
This is somewhat surprising, highlighting the resilience of these bluechip Nifty 50 stocks, which have remained steadfast even as technological advancements and structural market changes reshaped the market landscape.

However, a few have have moved in and out of the top 15 in the index. Notably, Sun Pharma, Tata Motors and Maruti Suzuki have dropped out, while Bharti Airtel, Mahindra & Mahindra (M&M), Bajaj Finance and HCL Technologies have climbed into the top 15 as at the end of Jun2025. 
 
b)  Changes in 5 years between Dec2020 and Jun2025: 
 
Of the top 15 stocks in 2020, 14 still remain in top 15 of the index, though their weights and rankings have changed in the past five years. Only Asian Paints moved out of the top 15, while Mahindra & Mahindra climbed to the top 15. 
 
c) Top 10 Stocks weight:

The concentration of the top 10 stocks shows an increasing dominance:

2025: 56.5%
2020: 61.4%
2015: 54.2%

This indicates that while the top 10 stocks still make up a large portion of the Nifty 50, their share increased between 2015 and 2020, before declining in 2025. 
 
It's insane the total weight of top 10 stocks in Nifty 50 is 56.5 per cent as of 30Jun2025; in contrast, the total weight of top 10 stocks in US S&P 500 is just 38.2 per cent for the same period.  
 
Concentration risk in Indian stock indices is much higher versus those in the US.  
 
d) Top 5 Stocks weight:

The concentration of the top five stocks too shows an increasing dominance:

2025: 40.6%
2020: 42.4%
2015: 34.8%

The insight here is the top five stocks still make up more than a third of the Nifty 50 -- their share increased between 2015 and 2020, before declining to 40.6 per cent now.
 
e) Dominance of key stocks:
 
Reliance Industries has consistently been a key player in the Nifty 50 index, ranking first in 2020 and third 2025.

HDFC Bank has seen a rise from second place in 2015 to 1st place in 2025, after its amalgamation with its parent HDFC Ltd.

It's worth noting that the combined weight of HDFC Bank Ltd and HDFC Ltd pre-amalgamation was substantially greater than their current representation of the merged entity HDFC Bank. 
 
The total weight of HDFC Bank and HDFC Ltd was 18 per cent in 2020 (before merger with HDFC Ltd): but as of 30Jun2025, HDFC Bank's share (after merger) is just 13.2 per cent -- as private sector banks have lost sheen in the past five years.
 
Infosys Ltd has always remained in the top 5, strengthening its position as a major technology player in the index.

ICICI Bank also features prominently, moving from sixth place in 2015 to second place in 2025.

ITC Ltd has gradually declined in terms of weight, moving from fourth place in 2015 (6.5 per cent weight) to seventh place in 2025 (3.4 per cent).
 
Significantly, Bharti Airtel moved from 14th rank in 2020 with just 2 per cent weight in 2020 to fifth place with 4.7 per cent weight now -- telecom services have become an integral part of Indian consumers in recent years, not to speak of the duopoly nature of mobile telecommunications market in India. 
 
But Hindustan Unilever's stock suffered, between 2020 and 2025, with its weighting halving and moving from rank 8 in 2020 to rank 14 now.  
 
Overall, the top 15 stocks in the Nifty 50 haven’t seen dramatic changes in the past 10 years, with a few exceptions. 
 
Please click on the image to view better >
 

 
 
3. Top 10 Sectors over a decade
 
The data presented in table 2 below pertain to top 10 sectors in Nifty 50 index. Ten years data are presented with data points as on 31Dec2015, 31Dec2020 and 30Jun2025 -- with intervals of nearly five years. 
 
a) Top 5 Sectors:
 
The concentration of the top five sectors is as follows: 

2025: 72.5%
2020: 84.5%
2015: 75.9%
 
 
In 2015, the top five sectors held 75.9 per cent of the Nifty 50 weight, which increased to 84.5 per cent by 2020. This demonstrates the increasing concentration of the index in just a few sectors.

In 2025, the share of the top five sectors has decreased to 72.5 per cent, indicating a trend toward slightly more diversification, but the index still suffers from high concentration risk
 
Let us see the concentration of top five sectors in S&P 500. 
 
Information Technology 33.03%
Financials 14.00%
Consumer Discretionary 10.35%
Communication 9.77%
Health Care 9.30%

The total weight of top five sectors in S&P 500 is 76.5 per cent, higher than that of Nifty 50 index. Information technology is one-third in S&P 500. (Note: For Nifty 500 index, the figure is much lower at 60.8 per cent).
 
b) Top 3 Sectors:
 
The concentration of the top three sectors is as follows: 

2025: 59.0%
2020: 67.6%
2015: 56.9%
 
 
In 2015, the top three sectors (Financial services, IT and FMCG) held 56.9 per cent of the Nifty 50 weight, which increased to 67.6 per cent by 2020. This demonstrates the increasing concentration of the index in just a few sectors.

In 2025, the share of the top three sectors (financial services, IT and Oil & Gas) has come down to 59 per cent, indicating a trend toward slightly more diversification, but the index undoubtedly suffers from high concentration risk. 
 
c) Key sectors:
 
Financial Services has always been the largest sector (see yesterday's blog for more on this), with its weight rising from 30.7 per cent in 2015 to 37.4 per cent in 2025, reinforcing the importance of financial companies like banks, non-banking financial companies (NBFCs), asset management companies (AMCs) and insurance firms.
 
Information Technology has also been consistently among the top two, but its weight fell from 16.1 per cent in 2015 to 11.2 per cent in 2025. 

Oil, Gas & Consumable Fuels has maintained a steady position within the top three, with a slight increase in weight over the years from 9.2 per cent in 2015 to 10.4 per cent in 2025 -- Reliance Industries is the dominant component here. 

The auto sector lost its weight over the past 10 years, though its rank remains fourth. 

FMCG (fast moving consumer goods) has lost its lustre over the years, especially in the past five years, with its share falling from 11.5 per cent in 2020 to 6.5 per cent now. 
 
Indian consumers, especially after the COVID-19 Pandemic, have diversified and broadened their basket of goods and services. Young and digitally-savvy consumers have moved towards quick commerce, online food delivery, digital payment services and e-commerce trade -- dominated by companies like, Eternal Ltd, Swiggy, Paytm, Nykaa, Honasa Consumer and others.

In the process, consumer staples sector has suffered due to lack of growth and massive shift in consumer preferences. Consumers have moved from goods to more services, as such, sectors, like, consumer services (a new sector added recently by index provider Nifty Indices), telecom, auto and construction have gained weight in the past five years at the cost of traditional FMCG companies. 
 
When analysing long-term trends (over five to 10 years), remember that sector classifications and individual stock characteristics are not static; both evolve significantly over time. 
 
For instance, Nifty Indices has made changes to some sectors in recent years, adding sectors, like, consumer services and services. Consumer services, include, retail and other companies, like, Trent Ltd, Dmart, Info Edge, Zomato and IRCTC. The services sector includes stocks, like, Indigo Airlines. 

 
Please click on the image to view better > 
 
 
 
4. Concluding remarks
 
The Nifty 50 index has become increasingly concentrated in a few stocks and sectors over the last decade. Financial services and information technology remain dominant, while sectors like automobile and oil & gas are also maintaining their significant presence. 
 
The top stocks like HDFC Bank, Reliance Industries and Infosys continue to lead, while some other companies have shown a decline in their relative weight.

The trend towards increasing concentration of power among the largest players and sectors in the index suggests that the Nifty 50 has become more reliant on a small number of dominant companies and industries. However, there is also slight diversification observed in the last few years, with some sectors and stocks losing weight.
 
What of the future?
 
Going by the past trends, one could expect Financial Services sector would continue to play a dominant role in Nifty 50 index. Information technology sector too will continue its anchor role.
 
Services sector is likely to play a bigger role in the next 10 years, given our favourable demographics. The share of consumer services and affluent consumption is likely to increase. 
 
In the next 10 years, even some stocks may get dethroned from their pedestal with new economy companies moving in.  
 
The evolving dynamics of the Nifty 50 composition, especially the decline in the FMCG sector's share, coupled with the rise of technology, fintech and consumer tech stocks carries several important investment implications for retail investors. 

Emphasizing the principles of diversification and the pitfalls of concentration risk, here are some key takeaways:

Retail investors must consider diversifying their investments across sectors and asset classes depending on their personal situation.

While retaining Nifty 50 index funds as their core portfolio, they could diversify into other broader index funds focused on Midcap stocks for a growth edge, if they have lower risk aversion.

They better avoid over-concentration in a single sector.

As we’ve seen, stocks and sectors can experience significant shifts in leadership. For example, FMCG stocks, once dominant, have seen their weight decline, while consumer tech and fintech stocks have gained prominence. 
 
Retail investors who ignore such shifts may be left holding stocks that are losing relative importance.

Those who diversify their portfolios across different sectors, avoid concentration in any one stock or sector and regularly review their investments regularly will have built portfolios that could weather any serious bear market in future. 
 

 
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References and additional data:
 
Nifty Indices factsheet 
 
SEBI Bulletin Jan2021 
 
SEBI Bulletin Jan2016 
 
HDFC MF factsheet Dec2020
 
HDFC MF factsheet Dec2015 
 
Tweet 05Jan2021 - Dec2020 Nifty 50 factsheet 
 
Five screenshots with old data for Nifty 50 index >
 
Please click on the images to view better > 
 





 
 
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Related Blogs on Mutual Funds (for a comprehensive list of all articles on Mutual Funds, look for section "4 Mutual Funds" in my blog Blog of Blogs Theme-wise): 
 
 
NSE Emerging Indices Comparison 30Jun2025  
 
Passive Titans of India: The Top 10 Equity Indices by Fund Size 17Jul2025
 
India Flagship ETFs with Low Fees and Fair Trading Volumes 12Jun2025
 
Low Expense Ratios, High Returns: Why Passive Equity Funds Matter 06Jun2025 
 
Mutual Fund Asset Class Returns 02Jun2025 (Fund categories with similar returns)
 
Mutual Fund Asset Class Returns 30Sep2024  (Fund categories with similar returns)
 
Arbitrage Funds and Avenues 24Jul2024
 
Rapid Growth is Assets of India's MF Industry 18Jul2024

Mutual Fund Categories with Similar Returns 17Jul2024
 
Side Pocketing Episode of Aditya Birla SL Dynamic Bond Fund 17Jul2024
 
Crux of Kotak Debt Hybrid Fund 15Jul2024

India Fixed Income Data Bank 02Jul2024

The Little Secret Behind Nifty Next 50 Index's Recent Success 13May2024

NSE Indices Calendar Year Returns: 2006 to 2024   05May2024
 
How to Buy Nifty Midcap Index 03May2024 
 
NSE Emerging Indices Comparison 31Mar2024 
 
India Passive Funds and Their Asset Size 29Apr2024 (Big Picture View of Passive Equity Funds) 
 
Guide to Tracking Error of Mutual Funds 27Apr2024 
 
Mutual Fund Asset Class Returns 31Mar2024 
 
Gilt Funds Worth Considering! 14Apr2024
 
Select Gilt Funds Performance 05Mar2024
 
Equity ETFs and Equity Index Funds Compared 05Feb2024
 
Indian Equity ETFs Worth Considering
 
Analysis of Nifty 100 Low Volatility 30 Index
 
Quarterly Data of MF Assets 31Mar2023
 
Understanding Corporate Debt Market Development Fund (CDMDF) 

Negative Impact of Debt Mutual Fund Tax Changes 
 
EPFO Investments in Stocks Via ETFs 
 
NSE Indices (Nifty 50, Nifty Next 50, Nifty 100 and Nifty 500) Comparison 31Dec2022

Why Do Indian Equity MFs Always Disappoint Investors?
 
Indian Mutual Funds and the Art of Ripping off Investors
  
Who is Eating My Gold ETF Return?
 
Mutual Fund Asset Class Returns 31Mar2024 (MF categories with similar returns)
 
Mutual Fund Asset Class Returns 31Dec2023 
 
------------------- 
 
 
Read more:
 
Blog of Blogs Theme-wise 
 
Weblinks and Investing
 
India Fixed Income Data Bank
 
Indian Economy Data Bank 

India Forex Data Bank 
 
Corporate Groups and Listed Companies 29Dec2024
 
Corporate Governance Concerns - Indian Companies 13Dec2024
 
Stocks and Peer Comparison by Industry 16Feb2024  
 
 
 
NSE Emerging Indices Comparison 30Jun2025  
 
Passive Titans of India: The Top 10 Equity Indices by Fund Size 17Jul2025
 
The Pitfalls of Market Timing and Why FOMO is Your Worst Financial Adviser 12Jul2025 
 
JP Morgan Guide to Markets 30Jun2025 
 
The Elusive Current Account Surplus: What 25 Years Data Reveal About India's Trade Balance 30Jun2025
 
India Flagship ETFs with Low Fees and Fair Trading Volumes 12Jun2025 
 
Low Expense Ratios, High Returns: Why Passive Equity Funds Matter 06Jun2025 

 

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Disclosure:  I've got a vested interest in Indian stocks and other investments. It's safe to assume I've interest in the financial instruments / products discussed, if any.

Disclaimer: The analysis and opinion provided here are only for information purposes and should not be construed as investment advice. Investors should consult their own financial advisers before making any investments. The author is a CFA Charterholder with a vested interest in financial markets.

------------------------

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Monday, 28 July 2025

NSE Emerging Indices Comparison 30Jun2025

NSE Emerging Indices Comparison 30Jun2025

 
 
 
(The views expressed here are for information purposes only and should not be construed as a recommendation or investment advice. While the author is a CFA Charterholder with nearly 25 years of experience in financial markets, this content is intended to share general insights and does not constitute financial guidance. Please consult your financial adviser before taking any investment decision. Safe to assume the author has a vested interest in stocks / investments discussed if any.)
 
(See bonus charts totaling three, comparing Nifty 50 and Nifty Next 50 and a snapshot on growing financial sector in India at the end of the blog) 
 
 
 
This is an update of earlier blog named 'NSE Emerging Indices Comparison 31Mar2024' dated 30Apr2024. Please see this blog to know more about how these indices are constructed. You could also see subsequent blog with data as of 30Sep2024.
 
Today's blog takes a comprehensive overview of NSE's emerging indices, namely, Nifty Next 50, Nifty Midcap 150 and Nifty Smallcap 250; and how they are doing in comparison to Nifty 500. The latest data are as of 30th of June, 2025. 

NSE or National Stock Exchange of India Limited is a premier stock exchange in India, closely followed by BSE Limited.
 
 
2. NSE Emerging Indices Comparison
 
Nifty Indices Limited is the index provider for NSE. 
 

3. Fundamentals
 
Table 1 below presents the returns, risks and valuation measures of four indices, namely, Nifty 500, Nifty Next 50, Nifty Midcap 150 and Nifty Smallcap 250 (all data as of 30Jun2025) >
 
On a year-to-date basis, Nifty 500 has provided better returns compared to other three indices, namely, Nifty Next 50, Nifty Midcap 150 and Nifty Smallcap 250.
 
If you compare one-year returns, Nifty Midcap 150 and Nifty 500 have done better than the other two indices. On a five-year basis, the total return of Nifty Smallcap 250 is the highest at 35.4 per cent annualised return and the lowest being Nifty Next 50 with 22.8 per cent.
 
On a one-year and five-year basis, Nifty Smallcap 250 and Nifty Next 50 are the most volatile; whereas Nifty 500 undergoes the least volatility (as indicated by standard deviation) among the four.
 
When you observe the valuation ratios, namely, PE ratio, PB ratio and dividend yield, Nifty Midcap 150 is the most overvalued index and Nifty Next 50 the least richly valued. 
 
Compared to the peak valuations of 30Sep2024, these four indices are less richly valued now.  
 
 
4. Top 15 Stocks

Tables 2 and 3 below show the share of top five and top 10 stocks in the indices and list out top 15 stocks in the indices as on 30Jun2025. 
 
Of the four indices, Nifty 500 and Nifty Next 50 are having higher concentration risk compared to the two other indices, though between Nifty 500 and Nifty Next 50, Nifty 500 is more concentrated in a few names.
 
When analysing concentration risk, you need to bear in mind the number of stocks in an index. For example, Nifty Smallcap 250 as the name suggests has 250 stocks and as such the index's share of top 10 stocks will be lower compared to say, that of an index with 50 stocks like Nifty Next 50. 
 
Nifty 500 is dominated by: HDFC Bank, ICICI Bank, Reliance Industries, Infosys and Bharti Airtel. Nifty Next 50 is led by: InterGlobe Aviation, Hindustan Aeronautics, Divi’s Labs, Vedanta and Britannia Industries. 
 
 
5. Top 10 Sectors

Tables 4 and 5 below delineate the weights of top three and five sectors in these NSE indices as on 30Jun2025.  
 
Interestingly, financial services is the top sector in all the four indices.  
 
The top three sectors in Nifty Midcap 150 and Nifty Smallcap 250 are the same and they are:

1. financial services
2. capital goods
3. healthcare 

 
The Midcap index (top 3 sectors at 49.6 per cent and top 5 at 62.7 per cent) is more top-heavy, meaning a larger proportion of its value is concentrated in fewer stocks.

The Nifty Next 50 index 
(top 3 sectors at 40 per cent and top 5 at 56.8 per cent) is more diversified across constituents, with a lower concentration in top stocks, but comes with higher volatility and greater drawdowns. 
 
Nifty 500 is dominated by financial services, with almost one-third of the total exposure. The weights of top two and three sectors in Nifty 500, namely, information technology and oil & gas are much lower at 8.6 and 7.9 per cent respectively.  
 
Midcap and Smallcap indices have more exposure to healthcare and capital goods sectors; whereas their exposure in Nifty 500 and Nifty Next 50 is much lower.  
 
 
(please click on the images to view better) 
 





 
6. Summary

If you compare the data as of 31Mar2024 and data 30Sep2024 with the current data as on 30Jun2025, these four indices have become less expensive now when you compare them on the metrics of P/E ratio, P/B ratio and dividend yield. 
 
The returns from these indices vary over time due to a combination of market structure, different risk exposures of the underlying stocks, macroeconomic factors, valuation levels, earnings momentum and investor fancy for particular market segments.  
 
Small and mid-cap indices tend to outperform in bull markets due to growth potential. Large-cap indices are more resilient in downturns, often favoured for stability. 
 
The premium valuations of Midcap and Smallcap indices indicate that investors are betting on higher growth for mid- and small-cap stocks versus their large-cap counterparts.  
 
Nifty 500 being a broader index is offering stable returns, compared to more volatile indices, like, Nifty Next 50, Nifty Midcap 150 and Nifty Smallcap 250.  
 
Midcap and smallcap indices are more exposed to cyclical sectors like industrials, capital goods, auto components, power and real estate making them more sensitive to economic conditions. 
 
Midcap and Smallcap indices are richly valued and more volatile — suitable for long-term and risk-tolerant investors only. 
 
If there's economic stress, small caps underperform due to fragile balance sheets. In contrast, in periods of broad economic recovery (like 2022-2024), small and mid-caps surged. 
 
If you have a positive view on healthcare and capital goods sector, you can consider indices like, Nifty Midcap 150 and Nifty Smallcap 250 that have higher exposure to these two sectors. It is your individual choice.
 
In case you like financial services sector, you could opt for Nifty 500 that has almost one-third of total exposure to this sector.  
  
Each index has a unique risk-return profile, so it's important to align your investment strategy (for example, growth, income, stability) with the right index or combination. Happy investing!
 
 
 
- - - 
 
 
 
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Bonus charts: (earlier blog was NSE Indices Comparison 31Dec2024): Three charts numbered 6, 7 and 8 are given below:
 
 
Comparison between India's two top large-cap indices, Nifty 50 and Nifty Next 50 as on 30Jun2025 >
 
Changes in ranking: In the Oct-Dec2024 quarter, Reliance Industries (RIL) was dethroned from its second position in the Nifty 50 index, now ranking third. RIL's weighting in Nifty 50 index in Sep2024 was 8.6 per cent, which has slightly increased to 8.8 per cent now, yet its ranking slipped to third (see table 7 below).

The top two stocks in the Nifty 50 index are HDFC Bank and ICICI Bank now.

Interestingly, in Jul2023, Reliance Industries lost its position at the top, slipping to second rank after HDFC Bank overtook it. HDFC Bank's top rank was a result of the amalgamation of HDFC Ltd into HDFC Bank Ltd in Jul2023, which catapulted HDFC Bank into the number one spot in the Nifty 50 index. Since then, HDFC Bank has managed to maintain its dominance, solidifying its position at the top. 
 
Dominance of financial services sector in Nifty 50 Index
 
The Financial Services sector in India is steadily expanding (refer table 8 below). Its share in the Nifty 50 index is now more one-third of the total, 37.4 per cent to be exact as at the end of 30Jun2025. 
 
Its share rose from 32.5 per cent in Feb2024 to 37.4 per cent in Jun2025. It is worth noting that its share had previously peaked at 37.7 per cent in Dec2022 before declining to 32.5 per cent in Feb2024.
 
It now encompasses not only traditional banks (both private and public sector) and non-banking financial companies (NBFCs), but also a diverse range of other entities. 

These include: 

asset management companies (AMCs), 
life and general insurance companies, 
holding companies, 
small finance banks, 
capital market-related stocks, 
FinTech firms, 
and more. 
 
 
What is the secret sauce of the sector's increasing pie?

The Financial Services sector in India is undergoing significant expansion, reflecting broader economic growth and modernisation. 

The sector’s expansion signifies a wider reach in terms of financial inclusion and growth of payment and lending services offered by innovative FinTech companies. For example, the rise of mobile wallets like PhonePe and Paytm has allowed millions of people to access digital payments, savings and loans for the first time. Payment initiatives, like, UPI have made financial access easier for millions. 

The expansion reflects the diversification of financial products and services available to consumers. The diversified services include:

- Wealth management services through AMCs and portfolio management firms
- Life and general insurance policies with greater reach
- Innovative FinTech solutions like peer-to-peer lending, crowd-sourced funding and digital insurance

This gives both consumers and businesses more choice in terms of financial solutions tailored to their needs. Startup firms, like, Zerodha and Groww have expanded the landscape of financial services in India. 

The financial sector growth signifies the unprecedented growth in number of demat accounts, especially in the past five years, leading to burgeoning growth of capital market related companies. Accessing money from capital markets is made easier for corporates and even for mid-tier firms. 

As the sector continues to evolve, it will continue to play a central role in our economic growth. 
 
 
 
Table 6: NSE Indices Fundamentals
Table 7: NSE Indices Top 15 Stocks
Table 8: NSE Indices Top 10 Sectors 
 
The data are self-explicit. Readers can draw their own conclusions in terms of risk-return calculus, except comments mentioned above.  
 



 





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References and additional data:
 
 
 
NSE Index Methodology Document Jun2025 PDF 
 
Check Rupee Vest MF portfolio for all stock weights
 
Nifty Indices - Index factsheets
 
Raw data > 
 

 







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-------------------
 
Related Blogs on Mutual Funds (for a comprehensive list of all articles on Mutual Funds, look for section "4 Mutual Funds" in my blog Blog of Blogs Theme-wise): 
 
 
Passive Titans of India: The Top 10 Equity Indices by Fund Size 17Jul2025
 
India Flagship ETFs with Low Fees and Fair Trading Volumes 12Jun2025
 
Low Expense Ratios, High Returns: Why Passive Equity Funds Matter 06Jun2025 
 
Mutual Fund Asset Class Returns 02Jun2025 (Fund categories with similar returns)
 
Mutual Fund Asset Class Returns 30Sep2024  (Fund categories with similar returns)
 
Arbitrage Funds and Avenues 24Jul2024
 
Rapid Growth is Assets of India's MF Industry 18Jul2024

Mutual Fund Categories with Similar Returns 17Jul2024
 
Side Pocketing Episode of Aditya Birla SL Dynamic Bond Fund 17Jul2024
 
Crux of Kotak Debt Hybrid Fund 15Jul2024

India Fixed Income Data Bank 02Jul2024

The Little Secret Behind Nifty Next 50 Index's Recent Success 13May2024

NSE Indices Calendar Year Returns: 2006 to 2024   05May2024
 
How to Buy Nifty Midcap Index 03May2024 
 
NSE Emerging Indices Comparison 31Mar2024 
 
India Passive Funds and Their Asset Size 29Apr2024 (Big Picture View of Passive Equity Funds) 
 
Guide to Tracking Error of Mutual Funds 27Apr2024 
 
Mutual Fund Asset Class Returns 31Mar2024 
 
Gilt Funds Worth Considering! 14Apr2024
 
Select Gilt Funds Performance 05Mar2024
 
Equity ETFs and Equity Index Funds Compared 05Feb2024
 
Indian Equity ETFs Worth Considering
 
Analysis of Nifty 100 Low Volatility 30 Index
 
Quarterly Data of MF Assets 31Mar2023
 
Understanding Corporate Debt Market Development Fund (CDMDF) 

Negative Impact of Debt Mutual Fund Tax Changes 
 
EPFO Investments in Stocks Via ETFs 
 
NSE Indices (Nifty 50, Nifty Next 50, Nifty 100 and Nifty 500) Comparison 31Dec2022

Why Do Indian Equity MFs Always Disappoint Investors?
 
Indian Mutual Funds and the Art of Ripping off Investors
  
Who is Eating My Gold ETF Return?
 
Mutual Fund Asset Class Returns 31Mar2024 (MF categories with similar returns)
 
Mutual Fund Asset Class Returns 31Dec2023 
 
------------------- 
 
 
Read more:
 
Blog of Blogs Theme-wise 
 
Weblinks and Investing
 
India Fixed Income Data Bank
 
Indian Economy Data Bank 

India Forex Data Bank 
 
Corporate Groups and Listed Companies 29Dec2024
 
Corporate Governance Concerns - Indian Companies 13Dec2024
 
Stocks and Peer Comparison by Industry 16Feb2024  
 
 
 
The Pitfalls of Market Timing and Why FOMO is Your Worst Financial Adviser 12Jul2025 
 
JP Morgan Guide to Markets 30Jun2025 
 
The Elusive Current Account Surplus: What 25 Years Data Reveal About India's Trade Balance 30Jun2025
 
India Flagship ETFs with Low Fees and Fair Trading Volumes 12Jun2025 
 
Low Expense Ratios, High Returns: Why Passive Equity Funds Matter 06Jun2025 

 

-------------------

Disclosure:  I've got a vested interest in Indian stocks and other investments. It's safe to assume I've interest in the financial instruments / products discussed, if any.

Disclaimer: The analysis and opinion provided here are only for information purposes and should not be construed as investment advice. Investors should consult their own financial advisers before making any investments. The author is a CFA Charterholder with a vested interest in financial markets.

------------------------

CFA Charter credentials  - CFA Member Profile

CFA New Badge 

CFA Badge