India Strategy Report Back
Nifty reconstitution: Financials' weight to inch up further
22-Mar-2018

  • The weight of Financials has seen a secular rise in the benchmark indices. Post the reshuffle, BFSI will have an index weight of 35.7% (+20bp from current level; +3x in 10 years). Notably, BFSI’s weight will be more than the combined weights of Oil,  Technology and Auto.
  • Bajaj Finserv will be included in the benchmark with 0.8% weight,  taking NBFC's weight to 10% - implying a 60bp increase from the current level and almost 50% rise from its weight in CY16 (6.6%).
  • Grasim Industries will enter with a weight of 1.1% and Titan with 0.9%.