𝗪𝗵𝗮𝘁 𝗶𝘀 𝗙𝗜𝗡𝗡𝗜𝗙𝗧𝗬? 𝗞𝗻𝗼𝘄 𝗶𝗻 𝗗𝗲𝘁𝗮𝗶𝗹 𝗛𝗲𝗿𝗲!
What is FINNIFTY? Know in Detail Here! Topics Covered Introduction What Is FINNIFTY? Introduction In January 2021, the National Stock Exchange (NSE) launched Nifty Financial Services Index i.e: FINNIFTY. This includes financial institutions, banks, insurance companies, housing finance and other companies that offer financial services. The index includes a certain number of stocks in different weights. Read on to know more about the FINNIFTY index in detail, why you should invest and how to go about it. What Is FINNIFTY? Financial services in India encompass banks, insurance companies, NBFCs, housing finance companies, and so on. FINNIFTY essentially tracks the performance of such companies over time. The index includes a maximum of twenty stocks, and each stock’s weight depends on its free float capitalization value in the market. An easy way to understand this is: free-float market capitalization = shares outstanding x price x investible weight factors/IWF The more the number of...