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Contact Us:
Email: [email protected]
Tel: +91 22 26598386
Fax: +91 22 26598120
Index
Methodology
Nifty PSU Bank
The Nifty PSU Bank Index captures the performance of the PSU
Banks. The Index comprises of 12 companies listed on National
Stock Exchange (NSE).
Nifty PSU Bank 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 market capitalization value.
Nifty PSU Bank Index can be used for a variety of purposes such
as benchmarking fund portfolios, launching of index funds, ETFs
and structured products.
Index Variants: Nifty PSU Bank Total Returns Index.
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 date is
considered. Four weeks prior notice is
given to market from the date of change.
Index Govenance:
A professional team at IISL managesNifty PSU Bank 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.
Companies must rank within the top 500
companies ranked by average free-float
market capitalisation and aggregate turnover
for the last six months.
Companies must have 51% of their
outstanding share capital held by the Central
Government and/or State Government,
directly or indirectly.
Companies should form a part of the
Banking sector.
Companies that are allowed to trade in F&O
segment are only eligible to be constituent
of the index.
The company’s trading frequency should be
at least 90% in the last six months.
The company should have reported a
positive net worth.
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.
Final selection of 12 companies shall be
done based on the free-float market
capitalization of the companies.
Bloomberg:
Thomson Reuters:
CNXPSBK Index
.CNXPSU
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Nifty PSU BankDecember 31, 2015
Statistics
Returns (%)
QTD YTD 1 Year 5 YearsSince
Inception
1 Year 5 YearsSince
Inception
-6.84 -32.9 -32.91 -8.59 9.16
1 Year Performance Comparison of Sector Indices
Top 10 constituents by weightage
Company’s NameWeight
(%)
State Bank of India 61.30
Bank of Baroda 13.00
Punjab National Bank 7.61
Union Bank of India 3.30
IDBI Bank Ltd. 2.96
Canara Bank 2.94
Bank of India 2.17
Syndicate Bank 1.58
Oriental Bank of Commerce 1.52
Allahabad Bank 1.37
Methodology
No. of Constituents
Launch Date
Base Date
Base Value
Calculation Frequency
Index Rebalancing
Free Float Market Capitalization
12
August 30, 2007
January 01, 2004
1000
Real-time Daily
Semi-Annually
Std. Deviation *
Beta (Nifty 50)
Correlation (Nifty 50)
31.09
1.40
0.72
30.94
1.34
0.73
35.44
1.12
0.78
Portfolio Characteristics
Fundamentals
P/E P/B Dividend Yield
11.71 0.88 2.0
#
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
anyprofessional advice.
# QTD,YTD and 1 year returns are absolute returns.Returns for
greater than one year are CAGR returns.
* Average daily standard deviation annualised
