What is Nifty Healthcare Index
Nifty Healthcare Index is index which represents listed healthcare companies in India. It is index top 20 companies as per free float market capitalization. Nifty Healthcare Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Top 10 Nifty Healthcare Stocks (1st July 2023)
Rank | Company Name | Symbol | Weightage |
1 | Sun Pharmaceutical Industries Ltd. | SUNPHARMA | 20.64% |
2 | Dr. Reddy's Laboratories Ltd. | DRREDDY | 11.40% |
3 | Cipla Ltd. | CIPLA | 9.68% |
4 | Apollo Hospitals Enterprise Ltd. | APOLLOHOSP | 9.33% |
5 | Divi's Laboratories Ltd. | DIVISLAB | 8.30% |
6 | Max Healthcare Institute Ltd. | MAXHEALTH | 8.04% |
7 | Lupin Ltd. | LUPIN | 3.96% |
8 | Aurobindo Pharma Ltd. | AUROPHARMA | 3.72% |
9 | Torrent Pharmaceuticals Ltd. | TORNTPHARM | 3.16% |
10 | Alkem Laboratories Ltd. | ALKEM | 3.13% |
Nifty Healthcare Companies List (1st July 2023)
Sl No. | Company Name | Symbol |
1 | Sun Pharmaceutical Industries Ltd. | SUNPHARMA |
2 | Dr. Reddy's Laboratories Ltd. | DRREDDY |
3 | Cipla Ltd. | CIPLA |
4 | Apollo Hospitals Enterprise Ltd. | APOLLOHOSP |
5 | Divi's Laboratories Ltd. | DIVISLAB |
6 | Max Healthcare Institute Ltd. | MAXHEALTH |
7 | Lupin Ltd. | LUPIN |
8 | Aurobindo Pharma Ltd. | AUROPHARMA |
9 | Torrent Pharmaceuticals Ltd. | TORNTPHARM |
10 | Alkem Laboratories Ltd. | ALKEM |
11 | Abbott India Ltd. | ABBOTINDIA |
12 | Biocon Ltd. | BIOCON |
13 | Dr. Lal Path Labs Ltd. | LALPATHLAB |
14 | Glenmark Pharmaceuticals Ltd. | GLENMARK |
15 | Granules India Ltd. | GRANULES |
16 | Ipca Laboratories Ltd. | IPCALAB |
17 | Laurus Labs Ltd. | LAURUSLABS |
18 | Metropolis Healthcare Ltd. | METROPOLIS |
19 | Syngene International Ltd. | SYNGENE |
20 | Zydus Lifesciences Ltd. | ZYDUSLIFE |
How Nifty Healthcare Companies are Selected
Stock Selection Criteria
i. Companies should form a part of Nifty 500 at the time of reconstitution.
ii. Companies should form a part of the Healthcare (Macro-economic) sector.
iii. Final selection of 20 companies shall be done based on the free-float market capitalization of the companies.
iv. Weightage of each stock in the index is be calculated based on its free-float market capitalization such that no single stock shall be more than 33% and weightage of top 3 stocks cumulatively shall not be more than 62% at the time of rebalancing.
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 semi-annual 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 Governance
A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.
