The index includes 15 stocks, which are available in the F&O segment.
The National Stock Exchange is pleased to announce the launch of ‘LIX 15’ Index. The index shall be disseminated online, from Monday, the July 08, 2013.
‘LIX 15’ Index is designed to provide exposure to the liquid stocks while making the index easily replicable and tradable.
In order to make the index easily replicable and tradable, the index includes limited number of stocks and selection criterion is based on the minimum turnover ratio and free float market capitalization.
The index includes 15 stocks, which are available in the F&O segment. Currently these stocks represent 9 industries, 22% of turnover in Cash Segment and 34% of single stock derivatives turnover in F&O segment on NSE in previous 6 months. The weight of single stock in the index is capped at 15%.
The methodology and values of the index will be available on www.nseindia.com
The National Stock Exchange is pleased to announce the launch of ‘LIX 15’ Index. The index shall be disseminated online, from Monday, the July 08, 2013.
‘LIX 15’ Index is designed to provide exposure to the liquid stocks while making the index easily replicable and tradable.
In order to make the index easily replicable and tradable, the index includes limited number of stocks and selection criterion is based on the minimum turnover ratio and free float market capitalization.
The index includes 15 stocks, which are available in the F&O segment. Currently these stocks represent 9 industries, 22% of turnover in Cash Segment and 34% of single stock derivatives turnover in F&O segment on NSE in previous 6 months. The weight of single stock in the index is capped at 15%.
The methodology and values of the index will be available on www.nseindia.com
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