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Nifty Private Bank

December 31, 2015


The Nifty Private Bank Index is designed to reflect the performance of the banks from private sector.
The Nifty Private Bank index consists of 10 stocks and is based on free float market capitalisation method. At the time of rebalancing
of shares/ change in index constituents/ change in investible weight factors (IWFs), the weightage of the index constituent (where
applicable) is capped at 25%.
Nifty Private Bank index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs
and structured products.

Eligibility Criteria for Selection of


Constituent Stocks

Index
Methodology

Companies must rank within the top


500 companies by average free-float
market capitalization and aggregate
turnover during last six month period.

Companies should form part of


banking sector universe.

Banks having 50% or more of their


outstanding share capital held by
central or state government directly,
or by central or state government
controlled banks will be excluded
from stock selection

Bank should have positive net worth,


trading frequency of at least 90% and
IWF of at least 10%.

The company/bank should have a


listing history of 6 months. A
company which comes out with an
IPO will be eligible for inclusion in
the index, if it fulfils the normal
eligibility criteria for the index for a 3
month period instead of a 6 month
period.

Final selection of 10 companies shall


be done based on free float market
capitalisation.

Contact Us:
Email: iisl@nse.co.in
Tel: +91 22 26598386
Fax: +91 22 26598120

Index Re-balancing

Index is re-balanced on semi annual


basis. The cut-off date is January 31
and July 31 of each year, i.e. for semiannual review of indices, average data
for six months ending the cut-off data
is considered.

Exclusion from the index is done due to


suspension or delisting or in case of
corporate event such as scheme of
arrangement / demerger / acquisition.

Index Governance
A professional team manages all IISL
indices. There is a three-tier governance
structure comprising the Board of Directors
of IISL, the Index Policy Committee, and
the Index Maintenance Sub-Committee

Nifty Private Bank


December 31, 2015

Statistics

Portfolio Characteristics
Methodology
No. of Constituents
Launch Date
Base Date
Base Value
Calculation Frequency

Periodic Capped Free Float


10
January 05, 2016
April 01, 2005
1000
EOD Daily

Returns (%) #

QTD

YTD

1 Year

5 Years

Since
Inception

-0.45

-3.27

-3.27

14.41

23.10

1 Year

5 Years

Since
Inception

Std. Deviation *

22.39

24.92

32.79

Beta (Nifty)

1.21

1.30

1.16

Correlation (Nifty)

0.87

.88

.86

Top 10 constituents by weightage


Companys Name
HDFC Bank Ltd.
ICICI Bank Ltd.
Axis Bank Ltd.
Kotak Mahindra Bank Ltd.
IndusInd Bank Ltd.
Yes Bank Ltd.
Federal Bank Ltd.
Karur Vysya Bank Ltd.
City Union Bank Ltd.
Karnataka Bank Ltd.

Weight
(%)
25.17
24.89
15.43
15.20
9.68
4.87
1.97
1.19
1.13
0.47

Fundamentals
P/E
18.25

P/B
2.92

Dividend Yield
1.06

# QTD,YTD and 1 year returns are absolute returns.Returns for greater than one year are CAGR returns
* Average daily standard deviation annualised
Disclaimer: All information contained herewith is provided for reference purpose only. IISL ensures accuracy and reliability of the above information to the best of its
endeavors. However, IISL makes no warranty or representation as to the accuracy, completeness or reliability of any of the information contained herein and disclaim
any and all 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 document is not intended to provide any professional advice.