Nifty Auto

December 31, 2015

The Nifty Auto Index is designed to reflect the behaviour and performance of the Automobiles segment of the financial market. The
Nifty Auto Index comprises 15 tradable, exchange listed companies. The index represents auto related sectors like Automobiles 4
wheelers, Automobiles 2 & 3 wheelers, Auto Ancillaries and Tyres.
Nifty Auto Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float
market value of all the stocks in the index relative to particular base market capitalization value.
Nifty Auto Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and
structured products.

Eligibility Criteria for Selection of

Constituent Stocks
i. Companies must rank within the top 500
companies ranked by average free-float
market capitalisation and aggregate turnover
for the last six months.
ii. Companies should form a part of the
Automobiles sector.

Index
Methodology

iii. The companys trading frequency should be

at least 90% in the last six months.
iv. The company should have reported a
positive net worth.
v. The company should have an investable
weight factor (IWF) of at least 10%.
vi. The company should have a listing history
of 6 months. A company which comes out
with an IPO will be eligible for inclusion in
the index, if it fulfills the normal eligibility
criteria for the index for a 3 month period
instead of a 6 month period.

Bloomberg:
CNXAUTO Index
Thomson Reuters:
.CNXAUTO

Contact Us:
Email: iisl@nse.co.in
Tel: +91 22 26598386
Fax: +91 22 26598120

vii. Final selection of 15 companies shall be

done based on the free-float market
capitalization of the companies.

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 semiannual review of indices, average data
for six months ending the cut-off date is
considered. Four weeks prior notice is
given to market from the date of change.

Index Govenance:
A professional team at IISL manages
Nifty Auto Index. There is a three-tier
governance structure comprising the
Board of Directors of IISL, the Index
Policy Committee, and the Index
Maintenance Sub-Committee.

Nifty Auto
December 31, 2015

Portfolio Characteristics
Methodology
No. of Constituents
Launch Date
Base Date
Base Value
Calculation Frequency
Index Rebalancing

Statistics
Free Float Market Capitalization
15
July 12, 2011
January 01, 2004
1000
Real-time Daily
Semi-Annually

1 Year Performance Comparison of Sector Indices

Since
1 Year 5 Years Inception
-0.32 -0.32
14.43
19.22

QTD YTD
Returns (%)#

6.77

1.03
0.85

Since
Inception
24.43
19.78
0.95
0.82
0.81
0.82

P/B
6.28

Dividend Yield
0.79

1 Year
Std. Deviation *
Beta (Nifty 50)
Correlation (Nifty 50)
Fundamentals
P/E
41.47

19.48

5 Years

Top 10 constituents by weightage

Companys Name

Weight
(%)

Tata Motors Ltd.

20.39

Maruti Suzuki India Ltd.

16.47

Mahindra & Mahindra Ltd.

15.85

Bajaj Auto Ltd.

9.30

Hero MotoCorp Ltd.

8.85

Eicher Motors Ltd.

5.56

Bosch Ltd.

4.55

Motherson Sumi Systems Ltd.

3.59

Ashok Leyland Ltd.

3.34

Bharat Forge Ltd.

2.98

# 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. IISL ensures accuracy and reliability of the above information to the best of its endeavors. However, IISL
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.