NIFTY Free Float Smallcap 100 Index

The NIFTY Free Float Smallcap 100 Index is designed to reflect the behaviour and performance of the small capitalised segment of the financial market. The NIFTY Free Float Smallcap 100 Index comprises of 100 tradable, exchange listed companies.

Methodology

The index is calculated using free float market capitalization methodology with a base date of January 1, 2004 indexed to a base value of 1000.

Market Representation:

  • The NIFTY Free Float Smallcap 100 Index represents about 2.9% of the free float market capitalization of the stocks listed on NSE as on March 31, 2017.
  • The total traded value for the last six months ending March 2017, of all index constituents is approximately 7.4% of the traded value of all stocks on NSE.

Selection Criteria
The criteria for the NIFTY Free Float Smallcap 100 Index include the following:

  1. All the companies that are listed on NSE, which individually constitute more than 5% free-float market capitalization of the universe, shall be excluded in order to reduce the skewness in the weightage of the companies in the universe.
  2. After step (a), the weightage of the remaining companies in the universe will be determined again.
  3. After step (b), the cumulative weightage will be calculated.
  4. After step (c), companies which form part of the cumulative percentage in ascending order upto the first 90 percent (i.e. up to 89.99 percent) of the revised universe shall be excluded.
  5. After step (d), companies within the range of 90th to 95th percentile shall be ranked in the descending order of aggregate turnover for the last six months
  6. After step (e), the top 100 companies shall constitute the NIFTY Free Float Smallcap 100 Index subject to fulfilment of the following additional criteria:
    • Companies must have demonstrated a trading frequency of at least 90 % in the last six months
    • All constituents of the NIFTY Free Float Smallcap 100 Index must have a minimum listing record of 6 months.
  7. The review will be carried out on a semi-annual basis.

Download Methodology (.pdf)

Download List of NIFTY Free Float Smallcap 100 stocks (.csv)

Download Fact sheet of NIFTY Free Float Smallcap 100 (.pdf)

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