Index Overview

Nifty Financial Services Ex Bank

Fundamentals

Asset TypeEquity
Index TypeThematic Index
No. of Companies30
Market Cap FocusMulti / Flexi Cap
P/EN/A
P/BN/A
Div YieldN/A

Exchange Traded Funds (ETFs)

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Fund NameLast CloseAUM (Cr)Avg Exp RatioTracking Error1M ADTO (Cr)1M Avg NAV GapAll-In-CostScore
32.362130.17%0.01%1-0.15%0.18%

Index Funds

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Fund NameLast CloseAUM (Cr)Avg Exp RatioTracking ErrorAll-In-CostScore
N/A1000.18%0.20%0.38%

Sectoral Allocation

Total
100%
allocation
  • Finance78.0%
  • Insurance13.4%
  • IT6.2%
  • Business Services2.4%

Index Constituents

NameWeight
Bajaj Finance Ltd.14.3%
BSE Ltd.9.9%
Shriram Finance Ltd.7.8%
Bajaj Finserv Ltd.6.0%
SBI Life Insurance Company Ltd.4.8%
JIO Financial Services Ltd.4.6%
Multi Commodity Exchange Of India Ltd.4.4%
Cholamandalam Investment and Finance Company Ltd.3.9%
HDFC Life Insurance Company Ltd.3.8%
Power Finance Corporation Ltd.3.7%
PB Fintech Ltd.3.4%
HDFC Asset Management Company Ltd.3.2%
One97 Communications Ltd.2.8%
Bajaj Holdings & Investment Ltd.2.6%
Max Financial Services Ltd.2.6%
ICICI Lombard General Insurance Company Ltd.2.5%
REC Ltd.2.5%
Muthoot Finance Ltd.2.1%
Aditya Birla Capital Ltd.1.8%
360 One Wam Ltd.1.7%
L&T Finance Ltd.1.4%
Central Depository Services (India) Ltd.1.3%
Angel One Ltd.1.3%
ICICI Prudential Life Insurance Company Ltd.1.2%
Indian Railway Finance Corporation Ltd.1.1%
PNB Housing Finance Ltd.1.1%
Computer Age Management Services Ltd.1.1%
SBI Cards And Payment Services Ltd.1.1%
Life Insurance Corporation of India1.1%
LIC Housing Finance Ltd.0.9%

Holdings Concentration

Total covered: 100%
Top 1–5
5 holdings
42.8%
43%
share
Top 6–10
5 holdings
20.3%
20%
share
Top 11–20
10 holdings
25.2%
25%
share
Beyond 20
10 holdings
11.7%
12%
share

Market Cap Classification

Total
100%
allocation
  • Large Cap58.9%
  • Mid Cap30.9%
  • Small Cap5.8%

Index Methodology

Factor BasisSector/Theme
UniverseNifty 500
WeightageFree-Float Market Cap Weighting; Max Weight per stock = 25%, Top 3<=62%
Stocks IncludedTop 30 stocks from the Financial Services Industries other than banks, based on FF Market Capitalization (6-month average) are selected.
ExclusionsConstituents moving out of the Nifty 500 and currently part of the Nifty Financial Services Ex-Bank Index are excluded. Smallest Member non-F&O constituent to be excluded if Non-Member F&O stock within a segment is eligbile for inclusion; Smallest index constituent to be excluded if: 1) Non- member stock is eligible, 2) 6-month avg. FF Market Cap is at least 1.5x the smallest index constituent.

Index • Last updated: 11/09/2026

Note: Above data is based on average of ETFs / Index Funds.