How many stocks are there in the Nifty FMCG Index?

Nifty FMCG Index has 15 stocks like ITC, Hindustan Unilever, and Nestle India.

How frequently is the Nifty FMCG Index rebalanced?

The Nifty FMCG Index is rebalanced every 6 months with the cut-off dates being 31 January and 31 July of each year.

Which company tops in Nifty FMCG weightage stocks?

On 31 July 2024, ITC Ltd had the maximum weightage of 34.93%, followed by Hindustan Unilever Ltd. at 19.31%.

What is Nifty FMCG's performance in the last 12 months?

As of 31 July 2024, the index had returned 20.12% over the last 1 year including dividends.

Can we trade directly in the Nifty FMCG index?

Unfortunately, there are no instruments to trade intraday in the index. However, various mutual funds and ETFs are tracking the FMCG index. One such example is ICICI Prudential Nifty FMCG ETF. Investors can also pick sectoral mutual fund schemes like Nippon India ETF Nifty India Consumption which has a good overlap with Nifty FMCG Index.

Nifty FMCG Stocks List With Weightage in 2024

Team IPOCentral

March 31, 2023

The Nifty FMCG Index is designed to reflect the behavior and performance of Fast-Moving Consumer Goods (FMCG) manufacturers. These are non-durable, mass-consumption products that are available off the shelf to consumers. The Nifty FMCG Index comprises 15 stocks from the FMCG sector listed on the National Stock Exchange (NSE).

In this article, we have compiled a Nifty FMCG stocks list with weightage which is periodically updated. Nifty FMCG companies index can be used to benchmark fund portfolios and launch index funds by mutual funds, ETFs, and structured products.

What is the Nifty FMCG index?

Fast-moving consumer goods are nondurable products that sell quickly at relatively low costs. Since FMCG products are priced low, they feature slim margins but high sales volumes. Examples of FMCGs include daily-use products including milk, fruits, vegetables, edible oil, soap, toothpaste, facial creams, and over-the-counter drugs.

The Nifty FMCG Index is computed using the 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 a particular base market capitalization value. The index has a base date of 1 January 1996 indexed to a base value of 1000 but it was launched only in September 1999.

The Nifty FMCG Index can be used for various purposes such as benchmarking fund portfolios and launching index funds, ETFs, and structured products.

Nifty FMCG Companies Re-Balancing

Constituent companies in the Nifty FMCG Index are re-balanced on a semi-annual basis. The cut-off date is 31 January and 31 July of each year, i.e. for a semi-annual review of indices, average data for 6 months ending the cut-off date is considered.

A prior notice of at least four weeks is given to the market from the date of the change. As a result, changes made on 31 January will be effective from 31 March.

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.

Nifty FMCG Index: Key Drivers

The FMCG industry in India is considered one without cyclicality given the huge size of the market, fairly diversified product portfolio, and inelastic nature of demand. As a result, index heavyweights including ITC, Hindustan Unilever, Nestle India, and Britannia Industries, have posted strong topline and bottom-line performances over the years.
Stable raw material prices are another characteristic of this industry as most of the ingredients are available and sourced locally. This gives earnings visibility to investors.

Nifty FMCG Weightage

In terms of weightage, the top companies in the Nifty FMCG Stocks list are ITC (34.93%), Hindustan Unilever (19.31%), Nestle India (7.01%), Tata Consumer Products (6.21%), and Varun Beverages (6.06%).