Nifty Total Market Index

NSE Indices launches a new index - Nifty Total Market Index.

The Nifty Total Market index aims to track the performance of 750 stocks covering large, mid, small and microcap segments. All stocks that are part of Nifty 500 index and Nifty Microcap 250 index form part of the Nifty Total Market index. The weight of the stocks in the index is based on their free-float market capitalization.

The Nifty Total Market index will allow investors to track the performance of equities across different size segments through a single index. This index will represent the broadest measure on the performance of the Indian equity markets at an aggregate level.

Historical returns and fundamental data:

NIFTY TOTAL MARKET INDEX

Nifty Total Market Index = Nifty 50 + Nifty Next 50 + Nifty Midcap 150 + Nifty Smallcap 250 + Nifty Microcap 250. The Nifty Total Market Index covers ~98% of the total Market Cap of all NSE listed stocks.

The base date for the index is April 01, 2005 and base value is 1000. The current value of this index is 8769. The Total Return index variant of this index is also available.

Index reconstitution will be aligned with the rebalancing of Nifty 500 and Nifty Microcap 250 Indices and will be done on a semi-annual basis and made effective from the last trading day of March and September..

Will there be any Index fund or ETF for this index?

Maybe not in the near future, but we would get Index Funds and ETFs for this index. As the economy and market evolves we will have more funds and ETFs from passive space for small cap and micro cap indices. This in-turn will make the way for a Total Stock Market Index like Vanguard Total Stock Market Index funds.


NSE and BSE Muhurat Trading 2021

Muhurat Trading 2021: Both the Stock exchanges NSE and BSE will hold a special, one-hour-long trading session to mark the occasion of Diwali 2021. This special session is meant to give a window to investors to make trades on the auspicious day of Diwali, which marks the onset of a new year according to the Hindu calendar, also known as the Vikrant Samvat. The special Muhurat trading session is scheduled at the most auspicious hour of the day. 

Just like a normal trading session, a Muhurat trading session also includes the following:

Pre-Open Session: During this period, the bourses arrive at the ideal opening price for listed stocks for the upcoming session. This process assumes significance as it is aimed at stabilizing heavy volatility due to news developments occurring outside market hours.

Normal Market Session: This is the session in which actual trading takes place.

Closing Session: All orders placed at the closing price are settled during this session. 

NSE BSE

This year 2021, NSE Muhurat Trading is on Thursday, 4 November 2021 at 18:15 pm (Diwali - Laxmi Pujan). 

Muhurat Trading Session: 18:15 to 19:15 pm.
Pre-Open Session: 18:00 to 18:08 pm.
Post Closing: 19:25 to 19:35 pm.

HDFC Developed World Indexes Fund of Funds

HDFC Mutual Fund launches Developed World Indexes Fund of Funds NFO, an open-ended fund of funds investing in units of overseas Index Funds and/or ETFs, which will track the MSCI World Index.

NFO Details:

Open from 14-28 Sep 2021.

Minimum amount: Rs.5000 and in multiples of Rs.1000.

Where Will The Scheme Invest?

The Scheme will invest in units/shares of overseas Index Funds and/or ETFs (mentioned below table) offered by Credit Suisse Asset Management which operates as an asset management company.

HDFC WORLD FOF

MSCI World Index Captures:

  • Large and mid-cap representation.
  • Across 23 developed markets countries.
  • Covers approximately 85% of the free float-adjusted market capitalization in each country.
  • 1500+ Constituents
MSCI World Index captures 40 out of top 50 most Innovative Companies:

HDFC INDEX FUND
source: hdfc mf


MSCI World Index Vs Nifty 50 TRI : Performance & Risk Metrics.

HDFC MF

HDFC Developed World Indexes Fund of Fund offers can be considered for long-term, as it offers good diversification and low correlation across markets. 

NAVI Vanguard Total Stock Market Index ETF FOF

Navi AMC to launch Vanguard Total Stock Market Index Fund FOF. Today it filed draft prospectus with SEBI to launch this FOF, which will invest in Vanguard Total Stock Market Index Fund ETF (VTI). 

For Indian investors, this might provide an excellent opportunity to invest in Vanguard universe of funds and ETFs. The Vanguard Total Stock Market Index Fund ETF tracks the performance of the CRSP US Total Market Index, with an expense ratio of 0.03% and low tracking error.

Vanguard
About Vanguard:

Vanguard is one of the world's largest investment companies, offering a large selection of low-cost mutual funds, ETFs, advice, and related services. They manage about $7.2 trillion in global assets in 209 U.S. funds and about 232 additional funds in markets outside the United States.

Their top funds include Vanguard Total Stock Market Index Fund (VTSAX), Total International Stock Index Fund (VTIAX) and Total Bond Market Index Fund (VBTLX), with average expense ratio of about 0.09%.

By using broad-based, low-cost funds from a company like Vanguard, without having to manage a large number of funds, the investors can achieve the right asset allocation and diversification.