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Index
Methodology
CNX 500
The CNX 500 is Indias first broad-based benchmark of the Indian capital market for comparing portfolio returns vis--vis market
returns.
CNX 500 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float
market value of all the stocks in the index relative to particular base period. CNX 500 can be used for a variety of purposes such as
benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: CNX 500 Total Return Index. CNX Industry indices.
Eligibility Criteria for Selection of
Constituent Stocks
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 semi-
annual review of indices, average data
for six months ending the cut-off data is
considered. Four weeks prior notice is
given to market from the date of change.
Index Govenance:
A professional team at IISL manages
CNX 500 Index. There is a three-tier
governance structure comprising the
Board of Directors of IISL, the Index
Policy Committee, and the Index
Maintenance Sub-Committee.
The company should have reported positive
net worth.
The companys trading frequency should be
at least 90% in the last six months.
The company should have an investable
weight factor (IWF) of at least 10%.
The company 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 fulfills the normal eligibility
criteria for the index for a 3 month period
instead of a 6 month period.
At the time of final selection, it is ensured
that index reflects the market as closely as
possible by maintaining the weightages of
industries in the index closely in line with
the weightages of the industries in the
universe.
Companies to be included in the index are
selected from the industries which are
underrepresented in the index.
Bloomberg:
Thomson Reuters:
CNX500 Index
.CRSLDX
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iii.
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vi.
CNX 500
March 31, 2014
Statistics
Returns
QTD YTD 1 Year 5 Years
Since
Inception
1 Year 5 Years
Since
Inception
6.31 6.31 17.72 17.88 8.97
Sector Representation
Sector
Weight
(%)
FINANCIAL SERVICES 25.54
IT 13.19
CONSUMER GOODS 13.00
ENERGY 12.28
AUTOMOBILE 8.20
PHARMA 6.21
CONSTRUCTION 4.97
METALS 4.57
INDUSTRIAL MANUFACTURING 2.69
CEMENT & CEMENT PRODUCTS 2.66
TELECOM 2.17
SERVICES 1.80
MEDIA & ENTERTAINMENT 0.99
FERTILISERS & PESTICIDES 0.53
CHEMICALS 0.52
TEXTILES 0.38
HEALTHCARE SERVICES 0.26
PAPER 0.04
Top 10 constituents by weightage
Companys Name
Weight
(%)
I T C Ltd. 6.28
Infosys Ltd. 5.10
Reliance Industries Ltd. 4.93
ICICI Bank Ltd. 4.63
HDFC Bank Ltd. 4.47
Housing Development Finance Corporation Ltd. 4.44
Tata Consultancy Services Ltd. 3.51
Larsen & Toubro Ltd. 3.34
Tata Motors Ltd. 2.31
State Bank of India 1.91
Methodology
No. of Constituents
Launch Date
Base Date
Base Value
Calculation Frequency
Index Rebalancing
Free Float Market Capitalization
500
January 01, 1995
1000
Real-time Daily
Semi-Annually
Std. Deviation *
Beta (Nifty)
Correlation
16.84
0.92
0.99
19.66
0.93
0.98
24.99
0.93
0.95
Portfolio Characteristics
Fundamentals
P/E P/B Dividend
18.98
2.63 1.42
#
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
# QTD,YTD and 1 year returns are absolute returns.Returns for greater than one year are CAGR returns.
* Average daily standard deviation annualised