CNX Nifty to be rebranded as Nifty 50

IISL Rebrands all the Indices
 “CNX Nifty” to be rebranded as “Nifty 50”
India Index Services & Products Limited (IISL), an NSE group company and India’s leading index provider, is pleased to announce the rebranding of all the existing IISL indices including CNX Nifty, CNX 100, CNX 200, CNX 500, CNX Midcap, CNX Smallcap etc.

IISL as part of the rebranding initiative proposes to rebrand all its existing indices to include ‘Nifty’ in the name of its indices as Nifty has become a strong brand name amongst the investors tracking Indian capital markets.  NSE’s flagship “CNX Nifty” index will be rebranded as “Nifty 50” index.

“Over the years, Nifty 50 has become synonymous with Indian equity market both domestically and internationally. Inclusion of Nifty in the name of IISL’s indices will enhance the acceptability of products linked to Nifty family worldwide. Ever increasing participation in Nifty indices indicates that interests in Indian market are growing.” said Ms. Chitra Ramkrishna, MD and CEO, NSE. 



Nifty 50 options traded on NSE are the largest traded contract globally in equity index options category. In addition to NSE, Nifty derivatives are also traded on Singapore Exchange Ltd., Chicago Mercantile Exchange Inc. and Osaka Exchange Inc.

Further, 97% of total asset under management of equity ETFs in India is linked to Nifty family of indices.  Total ETF AUM tracking Nifty family of indices globally (domestic and international) is USD 2240 million. As on August 31, 2015, there are 6 international ETFs and 11 domestic ETFs & 14 index funds based on Nifty 50 Index.  Further, 18 domestic ETFs and index funds are linked to other IISL indices. 

List of all IISL indices with their new names is attached herewith and also available on our website (http://www.nseindia.com/supra_global/content/iisl/press_rel.htm).

The rebranding of IISL’s indices will be effective from November 09, 2015.

About NSE: 

In its 20 year history, NSE has transformed the capital market, based on technology, innovation, high standards of governance and management practices. NSE's business practices and high levels of integrity have earned it the trust of the financial markets worldwide. Besides being a platform of choice for all exchange traded financial products in India, NSE’s flagship index, the Nifty 50, has become a benchmark national level economic parameter. Since inception, the exchange has been covered extensively by global media and has won many accolades as recognition of this remarkable journey.

About IISL: India Index Services & Products Ltd. (IISL), a NSE group company, was setup in May 1998 to provide a variety of indices and index related services for the capital markets. IISL is India's first specialised company focused upon the index as a core product. IISL maintains more than 100 equity indices comprising broad-based benchmark indices, sectoral indices and customised indices. IISL also maintains fixed income indices based on Government of India bonds. Many investment and risk management products based on IISL indices have been developed in the recent past, within India and abroad. These include index based derivatives traded on NSE, Singapore Exchange Ltd. (SGX), Chicago Mercantile Exchange Inc. (CME) and Osaka Exchange Inc. (OSE) and a number of index funds and exchange traded funds. The flagship 'Nifty 50' index is widely tracked and traded as the benchmark for Indian Capital Markets.



Annexure

Sr. No.
Category
Existing Names
New Names
1
Broad
CNX Nifty
Nifty 50
2
Broad
CNX Nifty Junior
Nifty Next 50
3
Broad
CNX 100
Nifty 100
4
Broad
CNX 200
Nifty 200
5
Broad
CNX 500
Nifty 500
6
Broad
LIX 15
Nifty100 Liquid 15
7
Broad
LIX15 Midcap
Nifty Midcap Liquid 15
8
Broad
CNX Midcap
Nifty Midcap 100
9
Broad
Nifty Midcap 50
Nifty Midcap 50
10
Broad
CNX Smallcap
Nifty Smallcap 100
11
Sector
CNX Auto
Nifty Auto
12
Sector
CNX Bank
Nifty Bank
13
Sector
CNX Finance
Nifty Financial Services
14
Sector
CNX FMCG
Nifty FMCG
15
Sector
CNX IT
Nifty IT
16
Sector
CNX Media
Nifty Media
17
Sector
CNX Metal
Nifty Metal
18
Sector
CNX Pharma
Nifty Pharma
19
Sector
CNX PSU Bank
Nifty PSU Bank
20
Sector
CNX Realty
Nifty Realty
21
Sector
IISL CNX Industry Indices
Nifty500 Industry Indices
22
Thematic
CPSE
Nifty CPSE
23
Thematic
CNX Energy
Nifty Energy
24
Thematic
CNX Infrastructure
Nifty Infrastructure
25
Thematic
CNX Service Sector
Nifty Services Sector
26
Thematic
CNX Commodities
Nifty Commodities
27
Thematic
CNX Consumption
Nifty India Consumption
28
Thematic
CNX MNC
Nifty MNC
29
Thematic
CNX PSE
Nifty PSE
30
Thematic
CNX Nifty Shariah
Nifty50 Shariah
31
Thematic
CNX 500 Shariah
Nifty500 Shariah
32
Thematic
CNX Shariah25
Nifty Shariah 25
33
Strategy
CNX Dividend Opportunities
Nifty Dividend Opportunities 50
34
Strategy
CNX Low Volatility
Nifty Low Volatility 50
35
Strategy
CNX Alpha
Nifty Alpha 50
36
Strategy
CNX High Beta
Nifty High Beta 50
37
Strategy
NV 20
Nifty50 Value 20
38
Strategy
NI15
Nifty Growth Sectors 15
39
Strategy
CNX 100 Equal Weight
Nifty100 Equal Weight
40
Strategy
Nifty PR 1X Inverse
Nifty50 PR 1x Inverse
41
Strategy
Nifty PR 2x Leverage
Nifty50 PR 2x Leverage
42
Strategy
Nifty TR 1X Inverse
Nifty50 TR 1x Inverse
43
Strategy
Nifty TR 2X Leverage
Nifty50 TR 2x Leverage
44
Strategy
CNX Defty
Nifty50 USD
45
Strategy
CNX Nifty Dividend
Nifty50 Dividend Points
46
Strategy
NSE Quality 30
Nifty Quality 30
47
Fixed Income
GSEC10 NSE
Nifty 8-13 yr G-Sec
48
Fixed Income
GSECBM NSE
Nifty 10 yr Benchmark G-Sec
49
Fixed Income
NSE GSECBM Clean Price
Nifty 10 yr Benchmark G-Sec (Clean Price)

 For Media Contact
Arindam Saha 
Head - Corporate Communications & Affairs
National Stock Exchange of India Limited (NSE)
Exchange Plaza, Bandra Kurla Complex, Bandra East, Mumbai - 400051
Mobile: (99300 19202 and 99030 36100); Contact: (Direct 022- 26598164);
Follow: @sarindam




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