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The Nifty Bank Index comprises of the most liquid and large Indian Banking stocks. It provides investors and market participants with a benchmark that captures the capital market performance of the Indian banks.
The Index comprises a maximum of 12 companies listed on the National Stock Exchange of India (NSE), Including – HDFC Bank, SBI, ICICI Bank, Axis Bank, Kotak Mahindra Bank, PNB, Bank of Baroda, IndusInd Bank, IDFC First Bank, AU Small Finance Bank, Federal Bank, and Bandhan Bank.
From which we only include the Top 10 Stocks and yeah, this is logical because, in the real world, the top weightage stocks decide in which direction the Index will go.
Top 10 Bank Nifty Stocks by Weightage (Updated 1st of Every Month)
| Stocks Name | Weightage (%) | Market Cap (Cr) |
|---|---|---|
| HDFC Bank | 28.71 | 13,31,361 |
| ICICI Bank | 24.65 | 8,82,040 |
| SBI | 10.12 | 6,96,879 |
| Axis Bank | 8.95 | 3,52,473 |
| Kotak Mahindra Bank | 8.93 | 3,45,334 |
| IndusInd Bank | 4.23 | 76,474 |
| Federal Bank | 3.02 | 51,716 |
| Bank of Baroda | 2.83 | 1,18,217 |
| IDFC First Bank | 2.63 | 46,073 |
| Canara Bank | 2.09 | 85,718 |
| 96.16% | 39,86,285 |
Fundamentals of Bank Nifty Index
- P/E Ratio – 14.14
- P/B – 2.31
- Dividend Yield – 0.96%
Bank Nifty Index Returns
- YTD – 7.54%
- 1 Year – 21.21%
- 5 Years – 12.00% CAGR
- All time – 18.73% CAGR
Also Read: Top 10 Mutual Fund Companies in India in 2024
Methodology of Selecting Stocks in Bank Nifty
- Companies should form part of the Nifty 500 at the time of review.
- Companies should form a part of the Banking sector.
- The company’s trading frequency should be at least 90% in the last six months.
- The Company should have a minimum listing history of 1 month as on the cutoff date.
- Companies that are allowed to trade in the F&O segment are only eligible to be constituents of the index.
- The final selection of 12 companies shall be done based on the free-float market capitalization of the companies.
- The 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 the weightage of the top 3 stocks cumulatively shall not be more than 62% at the time of rebalancing.
Bank Nifty Stocks List
- HDFC Bank
- ICICI Bank
- SBI
- Axis Bank
- Kotak Mahindra Bank
- Bank of Baroda
- Punjab National Bank
- IndusInd Bank
- IDFC First Bank
- AU Small Finance Bank
- Federal Bank
- Bandhan Bank
Other Indices Stocks Weightage,
Disclaimer: All information contained herewith is provided for reference purposes only. CupofGlory.com takes this data from a reliable source named Aditya Birla Capital However, Cupofglory.com makes no warranty or representation as to the accuracy, completeness, or reliability of any of the information contained herein and disclaims any liability whatsoever to any person for any damage or loss of any nature arising from or as a result of reliance on any of the information provided herein. The information contained in this article is not intended to provide any professional advice.
