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 Stocks Weightage?

On 29 November 2024, ITC Ltd had the maximum weightage of 34.38%, followed by Hindustan Unilever Ltd. at 19.48%.

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

As of 29 November 2024, the index had returned 11.36% 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

December 5, 2024

The Nifty FMCG Index is specifically designed to represent the performance and behavior of Fast-Moving Consumer Goods (FMCG) manufacturers, which are characterized as non-durable products that consumers frequently purchase. This index consists of 15 stocks from the FMCG sector that are listed on the National Stock Exchange (NSE). It serves as a benchmark for evaluating the health and trends within this industry segment.

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 items that are sold rapidly at relatively low prices. Due to their low pricing, these products typically have narrow profit margins but achieve high sales volumes. Examples of FMCGs include everyday items such as milk, fruits, vegetables, cooking oil, soap, toothpaste, facial creams, and over-the-counter medications.

The Nifty FMCG Index is calculated using the free float market capitalization method. This means that the index level represents the total free float market value of all the stocks included in the index, relative to a specific base market capitalization value. The index has a base date of 1 January 1996, with a base value set at 1000, although it was officially launched in September 1999.

The Nifty FMCG Index serves multiple purposes, including benchmarking fund portfolios and facilitating the launch of index funds, ETFs, and structured products.

Nifty FMCG Companies Re-Balancing

The index is rebalanced on a semi-annual basis, with cut-off dates set for 31 January and 31 July each year. For the semi-annual review of indices, the average data for the six months leading up to the cut-off date is taken into account.

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 notable for its lack of cyclicality, attributed to the vast market size, a well-diversified product range, and the inelastic nature of consumer demand. Consequently, major players such as ITC, Hindustan Unilever, Nestle India, and Britannia Industries have consistently demonstrated robust performance in both revenue and profit margins over the years.
Stable raw material prices are a notable feature of this industry, as most ingredients are locally sourced and readily available. This stability provides investors with greater earnings visibility.

Nifty FMCG Weightage

In terms of weightage, the top companies in the Nifty FMCG Stocks list are ITC (34.38%), Hindustan Unilever (19.48%), Nestle India (7.02%), Varun Beverages (6.57%), and Tata Consumer Products (5.47%).