NIFTY 500

The NIFTY 500 is a broad-based stock market index representing the top 500 companies listed on the National Stock Exchange of India (NSE) based on free-float market capitalization. It is designed to track the behavior of the large market segment and provide a benchmark for portfolio performance comparison.

The index serves as a more comprehensive measure of the Indian equity market than the more popular NIFTY 50, which tracks the 50 largest companies. The inclusion of a larger number of companies in the NIFTY 500 aims to offer a more diversified representation of the Indian economy and reduce concentration risk.

Constituents of the NIFTY 500 are selected based on their free-float market capitalization and liquidity. Regular reviews and rebalancing are conducted to ensure the index accurately reflects the composition of the Indian stock market and maintains its investability. The index is widely used by institutional investors, portfolio managers, and researchers as a tool for passive investment strategies, benchmarking, and market analysis. The base date for the NIFTY 500 index is November 28, 1995, and the base value is 1000.