December 29, 2023

The Nifty Private Bank Index is designed to reflect the performance of the banks from private sector.

Nifty Private Bank Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETF's
and structured products.

Index Variant: Nifty Private Bank Total Returns Index

Portfolio Characteristics
Methodology Periodic Capped Free Float Index Since
QTD YTD 1 Year 5 Years
Returns (%) Inception
No. of Constituents 10
Price Return 7.68 13.78 13.78 10.22 18.69
Launch Date January 05, 2016 Total Return 7.68 14.63 14.63 10.71 19.64
Base Date April 01, 2005
Since
Base Value 1000 Statistics ## 1 Year 5 Years
Inception
Calculation Frequency Real-Time Std. Deviation * 12.60 26.72 29.14
Index Rebalancing Semi-Annually Beta (NIFTY 50) 1.09 1.25 1.17
Correlation (NIFTY 50) 0.84 0.89 0.87
1 Year Performance Comparison of Sector Indices
Fundamentals
P/E P/B Dividend Yield
18.45 2.86 0.6

Top constituents by weightage

Company’s Name Weight(%)

HDFC Bank Ltd. 26.38
ICICI Bank Ltd. 24.64
IndusInd Bank Ltd. 10.90
Kotak Mahindra Bank Ltd. 10.83
Axis Bank Ltd. 10.79
Federal Bank Ltd. 5.03
IDFC First Bank Ltd. 4.88
Bandhan Bank Ltd. 2.63
RBL Bank Ltd. 2.40
City Union Bank Ltd. 1.54

## Based on Price Return Index.

# 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 accuracy
and 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 information
provided herein. The information contained in this document is not intended to provide any professional advice.
1
 December 29, 2023

Index Methodology
Eligibility Criteria for Selection of Constituent Stocks:
i. Companies should form part of Nifty 500 at the time of review. In case, the number of eligible stocks representing a particular
sector within Nifty 500 falls below 10, then deficit number of stocks shall be selected from the universe of stocks ranked within top
800 based on both average daily turnover and average daily full market capitalisation based on previous six months period data used
for index rebalancing of Nifty 500.
ii. Banks having 50% or more of their outstanding share capital held by central or state government directly, or by central or state
government controlled banks will be excluded from stock selection.
iii. The bank's trading frequency should be at least 90% in the last six months.
iv. The Company/bank should have a minimum listing history of 1 month as on the cutoff date.
v. Final selection of 10 companies shall be done based on free float market capitalisation. A preference shall be given to companies
that are available for trading in NSE’s Futures & Options segment at the time of final selection.
vi. Weightage of each stock in the index is calculated based on its free-float market capitalization such that no single stock shall be
more than 33% and weightage of top 3 stocks cumulatively shall not be more than 62% 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 data is considered.
Exclusion from the index is done due to suspension or delisting or in case of corporate event such as scheme of arrangement /
demerger / acquisition.

Index Governance:
A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSE
Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.
Key Indices
Broad Market Sectoral Indices Thematic Indices Strategy Indices Fixed Income
Nifty 50 Nifty Bank Nifty CPSE Nifty100 Equal Weight Nifty 10 yr Benchmark G-Sec
Nifty Next 50 Nifty IT Nifty Commodities Nifty50 PR 1x Inverse Nifty 8-13 yr G-Sec
Nifty 100 Nifty PSU Bank Nifty Energy Nifty50 PR 2x Leverage Nifty 4-8 yr G-Sec
Nifty 200 Nifty FMCG Nifty Shariah 25 Nifty50 Value 20 Nifty 11-15 yr G-Sec
Nifty 500 Nifty Private Bank Nifty 100 Liquid15 Nifty100 Quality 30 Nifty 15 yr and above G-Sec
Nifty Midcap 50 Nifty Metal Nifty Infrastructure Nifty Low Volatility 50 Nifty Composite G-Sec
Nifty Midcap 100 Nifty Financial Services Nifty Corporate Group Nifty Alpha 50 Nifty 1D Rate

Contact Us: Bloomberg - NSEPBANK Index

Email: [email protected] | Tel: +91 22 26598386 | Fax: +91 22 26598120
Learn more at: www.niftyindices.com Thomson Reuters - .NIFPVTBNK
2