CNX HIGH BETA

CNX High Beta Index is a well-diversified 50 stock index. The index aims to measure the performance of the stocks listed on NSE
that have High Beta. Beta can be referred to as a measure of the sensitivity of stock returns to market returns. The market is
represented by the performance of the CNX Nifty.
In order to make the 50 stock index investible and replicable, criterias such as turnover and market capitalization are applied while
selection of securities. CNX High Beta Index can be used for a variety of purposes such as benchmarking fund portfolios, launching
of index funds, ETFs and structured products.
Index Variants: CNX High Beta Total Return Index.

Eligibility Criteria for Selection of

Constituent Stocks
i. Companies must rank within the top 300
companies by average free-float market
capitalization and aggregate turnover for the
last six months
ii. The company should have a listing history
of 1 year.

Index
Methodology

iii.The company should have an investable

weight factor (IWF) of at least 10%.
iv.The company's trading frequency should be
100% in the last one year period.
v.The company should have reported a
positive net worth as per the latest annual
audited results.
vi.Beta of eligible securities is calculated using
1 year trailing prices (Adjusted for corporate
actions) are ranked in descending order.
vii.Top 50 securities with high beta form part
of the index.

Bloomberg:
cnxhb Index des
Thomson Reuters:
.CNXHBI

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

viii.Securities having beta greater than 1 will be

selected to form part of the index at each
review. In case this criterion is not fulfilled,
scrip with highest beta in replacement pool
will be considered for selection.

Index Re-Balancing:
Index is re-balanced on quarterly basis.
Rebalancing of the index takes place in
the month of January, April, July and
October respectively.

Index Govenance:
A professional team at IISL manages
CNX High Beta Index. There is a threetier governance structure comprising the
Board of Directors of IISL, the Index
Policy Committee, and the Index
Maintenance Sub-Committee.

CNX HIGH BETA

June 30, 2014

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

Statistics
Beta based weighting
50
November 19, 2012
December 31, 2003
1000
EOD Daily
Quarterly

Returns

FINANCIAL SERVICES
CONSTRUCTION
ENERGY
METALS
SERVICES
CEMENT & CEMENT PRODUCTS
CONSUMER GOODS
TEXTILES
TELECOM
MEDIA & ENTERTAINMENT
AUTOMOBILE

1.59
0.79

Since
Inception
37.45
31.52
1.50
1.30
0.86
0.89

P/B
1.19

Dividend
1.41

1 Year
Std. Deviation *
Beta (Nifty)
Correlation

Sector Representation
Sector

Since
1 Year 5 Years Inception
48.31 55.26 77.40
-1.09
7.26
QTD YTD

Weight
(%)
47.14
21.17
9.68
8.45
3.34
2.33
2.02
1.77
1.58
1.56
0.97

Fundamentals
P/E
15.47

34.89

5 Years

Top 10 constituents by weightage

Companys Name

Weight
(%)

Unitech Ltd.

3.43

Indiabulls Real Estate Ltd.

3.04

Jaiprakash Associates Ltd.

2.80

IRB Infrastructure Developers Ltd.

2.79

Union Bank of India

2.75

Reliance Capital Ltd.

2.75

Canara Bank

2.75

Housing Development and Infrastructure Ltd.

2.66

Yes Bank Ltd.

2.59

Oriental Bank of Commerce

2.46

# 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.