THE NEWSMAN OF INDIA.COM|NSE’s index services subsidiary, NSE Indices Limited, today announced the launch of the Nifty500 Ahimsa Index, a new thematic index designed to provide investors with exposure to companies from the Nifty 500 universe whose business practices are aligned with the principles of “Ahimsa” (nonviolence). Nifty500 Ahimsa Index will be attractive to investors who wish to invest in stocks of companies that do not engage in activities that harm animals. The index has been developed in collaboration with the Ahimsagain Foundation as per their Ahimsa Investment Movement (AIM) framework, which evaluates companies based on the extent to which their products, services and business practices align with Ahimsa principles. The framework classifies companies into Green, Orange and Red bands. Companies belonging to ‘Orange’ and ‘Red’ bands are excluded from the index. The launch of the Nifty500 Ahimsa Index marks another step in NSE Indices’ efforts to expand its suite of innovative index solutions that cater to the evolving needs of investors. As investment preferences continue to evolve, the index offers market participants a transparent, rules-based benchmark that integrates ethical considerations with broad-based equity market exposure. By drawing constituents from the diversified Nifty 500 universe, the index seeks to provide representation across sectors while promoting companies that demonstrate stronger alignment with responsible and sustainable business practices. The index is expected to serve as a benchmark for asset managers and facilitate the development of passive investment products, including Exchange Traded Funds (ETFs), index funds and other structured investment solutions.
The base date for the index is April 01, 2016, and the base value is 1000. The index will be reconstituted semi-annually. The weight of each stock in the index is based on its free-float market capitalization.

Please follow and like us: