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-- IISL
S&P CNX 500
India Index Services & Products Limited
AJointVenture Of CRISIL & NSE
The S&P CNX 500 is India's first broad-based benchmark of the
Indian capital market for comparing portfolio returns vis-a-vis
market returns.
Market Representation
The S&P CNX 500 represents about 92.66% of total market
capitalization and about 86.44% of the total turnover on the NSE.
Index Composition
The S&P CNX 500 companies are disaggregated into 72 industry
indices viz. S&P CNX Industry Indices. Industry weightages in the
index reflect the industry weightages in the market.
Criteria for Selection of Constituent Stocks
The constituents and the criteria for the selection judge the
effectiveness of the index. Selection of the index set is based on
the following criteria:
. Market Capitalisation
. Industry Representation
. Trading Interest
. Financial Performance
. Market Capitalisation:
A company's rank on market capitalisation is an important
consideration for its inclusion in the Index.
. Industry Representation:
S&P CNX 500 Equity Index reflects the market as closely as
possible. In order to ensure that this is accomplished, industry
weightages in the index mirror the industry weightages in the
universe. Consequently, companies to be included in the index
are selected from the industries which are under represented in
the index.
S&P CNX 500 Equity Index currently contains 72 industries. The
number of industries in the Index and the number of companies
with in each industry have been kept flexible, in order to ensure
that the Index retains its objective of being a dynamic market
indicator. . universe of securities.
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. Trading Interest
S&P CNX 500 Equity Index includes those companies, which
have a minimum listing record of 6 months on the Exchange.
In addition these companies must have demonstrated high
turnover and trading frequency.
. Financial Performance
S&P CNX 500 Equity Index includes companies that have
minimum record of three years with a positive net worth.
Others
A company which comes out with a IPO will be eligible for
inclusion in the index, if it fulfills the normal eligibility criteria for
the index for a 3 month period instead of a 6 month period.
Method of Computation
S&P CNX 500 is computed using market capitalisation
weighted method, wherein the level of the index reflects the
total market value of all the stocks in the index relative to a
particular base period. The method also takes into account
constituent changes in the index and importantly corporate
actions such as stock splits, rights, etc without affecting the
index value.
Base Date and Value
The calendar year 1994 has been selected as the base year
for S&P CNX 500. The base value of the index is set at 1000.
S&P CNX Industry Indices
S&P CNX 500 Equity Index is desegregated into 72 Industry
sectors, which are separately maintained by IISL. These
industry indices are derived out of the S&P CNX 500 and care
is taken to see that the industry representation in the entire
universe of securities is reflected in the S&P CNX 500. e.g.,
if in the entire universe of securities, Banking sector has a 5%
weig,htage then the Banking sector (as determined by the
Banking stocks in S&P CNX 500) would have a 5% weightage
in the S&P CNX 50(j. The Banking sector index would be
derived out of the Banking stocks in the S&P CNX 500. The
changes to the weightage of various sectors in the S&P CNX
500 would dynamically reflect the changes in the entire
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Industry Weightage and Market Cap.
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ABRASIVES 1 14245.82 0.05 GAS 7 362625.74 1.39
AIRCONDITIONERS 2 43489.85 0.17 GEMS, JEWELLERYANDWATCHES 3 37438.72 0.14
ALUMINIUM 2 331014.45 1.27 HOTELS 6 169655.64 0.65
AUTO ANCILLARIES 24 287366.46 1.10 LEATHER AND LEATHER PRODUCTS 2 15956.12 0.06
AUTOMOBILES- 2 AND 3 WHEELERS 4 453296.27 1.74 MEDIA & ENTERTAINMENT 15 177433.10 0.68
AUTOMOBILES- 4 WHEELERS 10 865643.18 3.32 METALS 4 248343.44 0.95
BANKS 29 2374407.05 9.11 MINING 3 55271.33 0.21
BEARINGS 3 28580.01 0.11 MISCELLANEOUS 12 157078.67 0.60
BREW/DISTILLERIES 2 49154.82 0.19 OIL EXPLORATION/PRODUCTION 4 1776409.77 6.81
CABLES- TELECOM 4 13679.62 0.05 PACKAGING 5 42975.13 0.16
CASTINGS/FORGINGS 2 80046.65 0.31 PAINTS 4 111128.95 0.43
CEMENT AND CEMENT PRODUCTS 14 796360.11 3.05 PAPER AND PAPER PRODUCTS 7 37581.54 0.14
CHEMICALS - INORGANIC 4 109780.33 0.42 PERSONALCARE 5 223416.47 0.86
CHEMICALS- ORGANIC 3 32496.28 0.12 PESTICIDESANDAGROCHEMICALS 4 64288.44 0.25
CHEMICALS - SPECIALITY 2 8255.36 0.03 PETROCHEMICALS 12 114699.87 0.44
CIGARETTES 3 729917.92 2.80 PHARMACEUTICALS 40 1398059.19 5.36
COMPRESSORS / PUMPS 3 20843.15 0.08 PLASTIC AND PLASTIC PRODUCTS 5 42315.49 0.16
COMPUTERS-HARDWARE 9 76864.95 0.29 POWER 8 1411893.92 5.41
COMPUTERS- SOFTWARE 33 3567712.81 13.68 PRINTING AND PUBLISHING 7 62750.53 0.24
CONSTRUCTION 16 493012.42 1.89 REFINERIES 10 2549276.38 9.78
CONSUMERDURABLES 6 100218.85 0.38 REFRACTORIES 1 4681.29 0.02
CYCLES 2 15711.74 0.06 SHIPPING 3 101815.70 0.39
DETERGENTS 1 30990.92 0.12 SOLVENT EXTRACTION 3 40018.04 0.15
DIESELENGINES 4 81074.52 0.31 STEELANDSTEELPRODUCTS 16 800948.62 3.07
DIVERSIFIED 6 609557.84 2.34 SUGAR 10 124770.80 0.48
DYES AND PIGMENTS 2 11384.68 0.04 TEA AND COFFEE 4 53273.31 0.20
ELECTRICAL EQUIPMENT 9 1311710.54 5.03 TELECOMMUNICATION - EQUiPMENT 2 14709.49 0.06
ELECTRODES 4 22609.93 0.09 TELECOMMUNICATION - SERVICES 4 1366861.38 5.24
ELECTRONICS - INDUSTRIAL 5 112613.11 0.43 TEXTILE MACHINERY 2 27010.16 0.10
ENGINEERING 5 411430.59 1.58 TEXTILE PRODUCTS 7 82754.74 0.32
FASTNERS 1 13994.55 0.05 TEXTILES - COTTON 8 51185.33 0.20
FERTILISERS 9 94998.39 0.36 TEXTILES - SYNTHETIC 11 118177.60 0.45
FINANCE 13 228592.23 0.88 TRADING 6 55597.13 0.21
FINANCE - HOUSING 3 344465.13 1.32 TRANSMISSIONTOWERS 1 6897.70 0.03
FINANCIALINSTITUTION 3 115676.65 0.44 TRAVEL AND TRANSPORT 5 181039.07 0.69
FOODANDFOOD PROCESSING 7 55657.12 0.21 TYRES 4 50434.31 0.19
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Total 500 26075627.35 00.00
Average Daily Returns and Volatility
Avg. Daily
2500
Returns Volatility
1 Month 0.46% 0.73%
I!OJ 3 Months 0.18% 2.18%
YTO - 0.10% 1.84%
100;)
1 Year 0.12% 1.65%
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3 Years 0.13% 1.56%
5 Years 0.12% 1.44%
7 Years 0.07% 1.64%
Since 1994 0.05% 1.58%

India Index Services &Products Limited Exchange Plaza, Plot no. C/1, G Block,Bandra-KurlaComplex, Bandra (E), Mumbai 400 051. -
Tel: +91 2226598385/86. Fax: +912226598120. Email: iisl@nse.co.in www.nseindia.com/content/indices/ind iisl.htm
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