NSE Launches Nifty Cement Index: New Sectoral Benchmark

Index Structure:

Tracks top 20 cement stocks from Nifty Total Market by 6-month average free-float market cap. Base date April 1, 2005; base value 1,000.

Top Heavy Composition:

UltraTech (15.37%), Shree Cement (15.26%),
Ambuja (14.92%), Grasim (14.4%) command 60% weight. 15% cap per stock ensures diversification limits. 

Strong Historical Returns:

 
Delivered 5.33% one-year return, 14.84% five-year CAGR, and 15.45% annualized return since inception. F&O stocks preferred for liquidity. 

Rebalancing Mechanism:

Semi-annual reconstitution, quarterly rebalancing. Non-F&O stocks included if needed to complete 20-stock basket. Weights determined by free-float market cap. 

ETF & Fund Benchmark:

 
Serves as reference for passive investment products—ETFs, index funds, structured products. Enables sector-focused exposure for asset managers, retail investors.

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