[1][5][6] The NIFTY 50 index ecosystem consists of index funds (both onshore and offshore mutual funds and ETFs), and futures and options at NSE and NSE International Exchange (through GIFT Nifty).
As of July 2024, NIFTY 50 gives a weightage of 32.76% to financial services including banking, 13.76% to information technology, 12.12% to oil and gas, 8.46% to consumer goods, and 8.22% to automotive.
[1] Total assets under management of passive funds (ETFs and index funds) in India tracking Nifty indices reached Rs 7.8 lakh crores, accounting for 73% of equity and debt passive funds’ AUM of Rs 10.7 lakh crores in India as of September 30, 2024.
There are 30 ETFs and index funds and 2 ETNs tracking Nifty indices in international markets with a total AUM of ~US $5 billion as of September 30, 2024.
[15] The base period for the NIFTY 50 index is 3 November 1995, which marked the completion of one year of operations of the equity market segment on NSE.
The same index had previously operated under the name SGX Nifty, and was traded on the Singapore Exchange.
[74][8][75] The CEO of NSEIX called it a watershed moment since it was the first time India got back an international contract which had previously been exported.