Nifty Bank Index comprises the most liquid and large Indian Banking Stocks. This index is one of the indexes where there is a high amount of trading involved in the market. In this article, we will be discussing in detail regarding the Nifty Bank Index, its methodology, constituents, and finally its performance as we move forward.
What is the Nifty Bank Index:
Eligibility for Nifty Bank Index:
Selection Criteria
Recent Change in the Nifty Bank Index:
Sr. No. |
Month |
In |
Out |
1 |
Mar-22 |
Bank of Baroda |
RBL Bank |
2 |
Mar-21 |
AU Small Finance Bank |
Bank of Baroda |
3 |
Mar-20 |
Bandhan Bank |
Yes Bank |
4 |
Mar-18 |
RBL Bank |
Canara Bank |
5 |
Mar-17 |
IDFC First Bank |
Bank of India |
6 |
Mar-14 |
The Federal Bank |
Union Bank of India |
Index Constituents
Sr. No. |
Company |
Weight (%) |
1 |
HDFC Bank |
27.04 |
2 |
ICICI Bank |
23.03 |
3 |
Kotak Mahindra Bank |
11.72 |
4 |
State Bank of India |
11.27 |
5 |
Axis Bank |
11.18 |
6 |
IndusInd Bank |
5.58 |
7 |
AU Small Finance Bank |
2.69 |
8 |
Bandhan Bank |
1.98 |
9 |
Bank of Baroda |
1.84 |
10 |
Federal Bank |
1.68 |
11 |
IDFC First Bank |
1.07 |
12 |
Punjab National Bank |
.91 |
These weights are the approx. in percent as of May 2022.
Performance of Nifty Bank Index:
What should investors do?
As the bank nifty index is a thematic ETF and also has been so risky and volatile as compared to the Nifty 50, Investors can take decisions according to their risk-taking appetite and their preference.
Disclaimer: The information here is provided for reference purposes only and should not be misconstrued as investment advice. Under no circumstances does this information represent are commendation to buy or sell stocks or MF.