NSE India launches India's first Electric Vehicle Index, Nifty EV & New Age Automotive.
NSE Indices Ltd, a subsidiary of NSE India, has launched India's first Electric Vehicle Index, Nifty EV & New Age Automotive, tracking EV ecosystem and new-age automotive development companies. It will serve as a benchmark for asset managers and be tracked by passive funds like ETFs, index funds, and structured products. The index is semi-annually reconstituted and quarterly rebalanced, aligning with the Indian government's EV promotion policies and 'Make in India' initiative.
May 30, 2024
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