# Nifty Next 50 stocks with weights for August 2020

Published: August 13, 2020 at 4:20 pm

List of Nifty Next 50 stocks with index weightage and market capitalization are tabulated for August 2020. These are 50 companies from NIFTY 100 after excluding the NIFTY 50 companies representing about 10-11% of the free-float market capitalization of the stocks listed on NSE.

To be included in the Nifty Next 50, a stock must be part if the Nifty 100 index and in turn the NIfty 500 index. A Stock will be included in the Nifty 100 (primary criterion) if it is among the top 90 in terms of full market capitalisation.

It will also be included if its full market capitalisation is 1.50 times of the last constituent in NIFTY 100. Stocks will be removed from the NIfty 100 if their rank based on full market capitalisation falls below 110 or if it is removed from the NIFTY
500. The index has a base date of Jan 1st 1997, and a base value of 1000

## Nifty Next 50 Calculation

From May 4th 2009, the index was created using the float-adjusted market capitalization-weighted method. This is computed by multiplying the market capitalization with an investible weight factor (IWF). The IWF is a measure of shares that are freely available for trading.

IWF = [Total Shares– (A+B +C +D +E +F)] /Total Shares

where:

• A= Shareholding of promoter and promoter group
• B= Government holding in the capacity of a strategic investor
• C= Shares held by promoters through ADR/GDRs.
• D= Equity held by associate/group companies (cross-holdings)
• E= Employee Welfare Trusts
• F= Shares under lock-in category

Market Capitalization = Shares outstanding X Price
Free Float Market Capitalization = Market Capitalization X IWF

The level of the Index reflects the total market value of all the stocks in the Index relative to the base period Jan 1st, 1997
Index Value = (Current Market Value / Base Market Capital )* Base Index Value

Here: Base Market Capital: Rs 0.43 trillion and Base Index Value: 1000. In comparison, The base capital of Nifty 50 is Rs 2.06 trillion.

Stocks with the highest free-float market cap have the highest weight in the index.

Index Level= SUM of (Price ×Free Float Market Capitalization)​/Divisor

The SUM is carried out over all the 50 stocks. The divisor is proprietary to the NSE tacking corporate actions into account and changes each time a stock is replaced.

## Nifty Next 50 Sector weights (%) August 2020

The data is as on July 31st 2020.

1. Financial services 26.07%
2. Consumer goods 25.61%
3. Pharma 17.59%
4. Oil & gas 6.62%
5. It 3.95%
6. Cement & cement products 3.83%
7. Automobile 3.06%
8. Services 2.96%
9. Chemicals 2.81%
10. Metals 1.77%
11. Power 1.57%
12. Textiles 1.56%
13. Industrial manufacturing 1.40%
14. Construction 1.19%

## Top Ten Nifty Next 50 Stocks (Aug 2020)

The top ten stocks constitute 36.76% of the Nifty Next 50. This is significantly lower than the corresponding number for Nifty 50 – 62.6% in Aug 2020. See: Nifty 50 stocks with weights for August 2020

 Security Name Weightage (%) SBI Life Insurance Company Ltd. 4.83 Divi’s Laboratories Ltd. 4.53 Avenue Supermarts Ltd. 4.17 Dabur India Ltd. 3.94 Godrej Consumer Products Ltd. 3.55 ICICI Lombard General Insurance Company Ltd. 3.54 Aurobindo Pharma Ltd. 3.34 Info Edge (India) Ltd. 3.03 Lupin Ltd. 3.02 Pidilite Industries Ltd. 2.81

Nifty Next 50 stocks with weights for August 2020

The data is as on July 31st 2020. HDFC Life Insurance Company Ltd. moved from Nifty Next 50 to Nifty 50 (to replace Vedanta Ltd. with effect from July 31st) and was replaced by SBI Cards and Payment Services Ltd.

 Security Name Industry Index Mcap (Rs. Crores) Weightage (%) SBI Life Insurance Company Ltd. FINANCIAL SERVICES 35602 4.83 Divi’s Laboratories Ltd. PHARMA 33341 4.53 Avenue Supermarts Ltd. CONSUMER GOODS 30743 4.17 Dabur India Ltd. CONSUMER GOODS 29039 3.94 Godrej Consumer Products Ltd. CONSUMER GOODS 26170 3.55 ICICI Lombard General Insurance Company Ltd. FINANCIAL SERVICES 26068 3.54 Aurobindo Pharma Ltd. PHARMA 24598 3.34 Info Edge (India) Ltd. IT 22308 3.03 Lupin Ltd. PHARMA 22248 3.02 Pidilite Industries Ltd. CHEMICALS 20686 2.81 Colgate Palmolive (India) Ltd. CONSUMER GOODS 18969 2.57 Marico Ltd. CONSUMER GOODS 18769 2.55 Petronet LNG Ltd. OIL & GAS 18589 2.52 Biocon Ltd. PHARMA 18186 2.47 United Spirits Ltd. CONSUMER GOODS 17315 2.35 Piramal Enterprises Ltd. FINANCIAL SERVICES 16615 2.26 ICICI Prudential Life Insurance Company Ltd. FINANCIAL SERVICES 16234 2.20 Ambuja Cements Ltd. CEMENT & CEMENT PRODUCTS 16170 2.19 Hindustan Petroleum Corporation Ltd. OIL & GAS 16053 2.18 Havells India Ltd. CONSUMER GOODS 14602 1.98 Indraprastha Gas Ltd. OIL & GAS 14130 1.92 Bandhan Bank Ltd. FINANCIAL SERVICES 13893 1.89 Muthoot Finance Ltd. FINANCIAL SERVICES 13793 1.87 HDFC Asset Management Company Ltd. FINANCIAL SERVICES 13390 1.82 Bajaj Holdings & Investment Ltd. FINANCIAL SERVICES 13302 1.81 Torrent Pharmaceuticals Ltd. PHARMA 13072 1.77 Shriram Transport Finance Co. Ltd. FINANCIAL SERVICES 12946 1.76 Berger Paints India Ltd. CONSUMER GOODS 12784 1.74 Container Corporation of India Ltd. SERVICES 12368 1.68 ACC Ltd. CEMENT & CEMENT PRODUCTS 12046 1.63 Page Industries Ltd. TEXTILES 11495 1.56 Motherson Sumi Systems Ltd. AUTOMOBILE 11388 1.55 Bosch Ltd. AUTOMOBILE 11186 1.52 United Breweries Ltd. CONSUMER GOODS 10568 1.43 Siemens Ltd. INDUSTRIAL MANUFACTURING 10346 1.40 Cadila Healthcare Ltd. PHARMA 9941 1.35 Procter & Gamble Hygiene & Health Care Ltd. CONSUMER GOODS 9745 1.32 InterGlobe Aviation Ltd. SERVICES 9426 1.28 Power Finance Corporation Ltd. FINANCIAL SERVICES 9392 1.27 DLF Ltd. CONSTRUCTION 8735 1.19 Abbott India Ltd. PHARMA 8253 1.12 NMDC Ltd. METALS 7697 1.04 SBI Cards and Payment Services Ltd. FINANCIAL SERVICES 7507 1.02 Oracle Financial Services Software Ltd. IT 6818 0.93 Adani Transmission Ltd. POWER 6485 0.88 Bank of Baroda FINANCIAL SERVICES 5622 0.76 Hindustan Zinc Ltd. METALS 5325 0.72 NHPC Ltd. POWER 5098 0.69 Punjab National Bank FINANCIAL SERVICES 4209 0.57 General Insurance Corporation of India FINANCIAL SERVICES 3533 0.48

Source: NSE monthly reports

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About the Author M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. since Aug 2006. Connect with him via or Linkedin Pattabiraman has co-authored two print-books, You can be rich too with goal-based investing (CNBC TV18) and and seven other free e-books on various topics of money management. He is a patron and co-founder of “Fee-only India” an organisation to promote unbiased, commission-free investment advice. He conducts free money management sessions for corporates and associations on the basis of money management. Previous engagements include World Bank, RBI, BHEL, Asian Paints, Cognizant, Madras Atomic Power Station, Honeywell, Tamil Nadu Investors Association. For speaking engagements write to pattu [at] freefincal [dot] com
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