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  July 31, 2019 The NIFTY Bank Index comprises of the most liquid and large Indian Banking stocks. It provides investors and market intermediariesa benchmark that captures the capital market performance of the Indian banks. The Index comprises of maximum 12 companies listedon National Stock Exchange of India (NSE).NIFTY Bank Index is computed using free float market capitalization method.NIFTY Bank Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs andstructured products.Index Variant: NIFTY Bank Total Returns Index. Portfolio Characteristics Periodic Capped Free FloatLaunch DateBase Date100012Base ValueOnline DailyJanuary 01, 2000Calculation FrequencyNo. of ConstituentsMethodologySemi-AnnuallyIndex RebalancingSeptember 15, 2003Price Return-7.96.324.0018.7313.59Std. Deviation *17.7429.361.160.880.8716.211.06Correlation (NIFTY 50)1.040.82Beta (NIFTY 50) FundamentalsDividend Yield 3.13 P/E 62.980.35 P/B1 Year Performance Comparison of Sector Indices Company’s NameWeight(%) Top constituents by weightage HDFC Bank Ltd.31.54ICICI Bank Ltd.19.00Kotak Mahindra Bank Ltd.14.09Axis Bank Ltd.11.56State Bank of India10.70IndusInd Bank Ltd.6.41Federal Bank Ltd.1.54Yes Bank Ltd.1.42RBL Bank Ltd.1.41Bank of Baroda1.07 # QTD,YTD and 1 year returns are absolute returns.Returns for greater than one year are CAGR returns.* Average daily standard deviation annualised  Disclaimer: All information contained herewith is provided for reference purpose only. NSE Indices Limited (formerly known as India Index Services & Products Limited-IISL) ensures accuracyand reliability of the above information to the best of its endeavors. However, NSE Indices Limited 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 informationprovided herein. The information contained in this document is not intended to provide any professional advice. 1 YearYTDQTD5 YearsSinceInception5 YearsSinceInception1 Year1 -7.820.536.6714.32Total Return4.45 IndexReturns (%)Statistics ## ## Based on Price Return Index.  July 31, 2019 Bloomberg - NSEBANK IndexThomson Reuters - .NSEBANK Contact Us:Email: indices@nse.co.in | Tel: +91 22 26598386 | Fax: +91 22 26598120 NIFTY 500NIFTY 50NIFTY Midcap 50NIFTY 200NIFTY Next 50NIFTY Midcap 100NIFTY 100NIFTY Bank NIFTY ITNIFTY Financial ServicesNIFTY FMCGNIFTY Private Bank NIFTY MetalNIFTY PSU Bank NIFTY Shariah 25NIFTY Corporate GroupNIFTY EnergyNIFTY 100 Liquid15NIFTY CPSENIFTY CommoditiesNIFTY InfrastructureNIFTY Alpha 50NIFTY100 Quality 30NIFTY50 PR 2x LeverageNIFTY Low Volatility 50NIFTY50 Value 20NIFTY100 Equal WeightNIFTY50 PR 1x InverseNIFTY Composite G-SecNIFTY 8-13 yr G-SecNIFTY 10 yr Benchmark G-SecNIFTY 4-8 yr G-SecNIFTY 1D RateNIFTY 15 yr and above G-SecNIFTY 11-15 yr G-Sec Eligibility Criteria for Selection of Constituent Stocks:i. Companies must rank within top 800 based on both average daily turnover and average daily full market capitalisation for the lastsix months.ii. Companies should form a part of the Banking sector.iii. The company's trading frequency should be at least 90% in the last six months.iv. The company should have a listing history of 6 months. A company which comes out with an IPO will be eligible for inclusion inthe index, if it fulfills the normal eligibility criteria for the index for a 3 month period instead of a 6 month period.v. Companies that are allowed to trade in F&O segment are only eligible to be constituent of the index.vi. Final selection of 12 companies shall be done based on the free-float market capitalization of the companies.vii. Weightage of each stock in the index is be calculated based on its free-float market capitalization such that no single stock shall bemore than 34% and weightage of top 3 stocks cumulatively shall not be more than 63% at the time of rebalancing.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 Governance:A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSEIndices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee. Thematic IndicesSectoral IndicesStrategy IndicesFixed IncomeBroad Market Index MethodologyKey Indices 2 Learn more at: www.niftyindices.com
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