NSE (National Stock Exchange of India) has introduced a new index of liquid stocks, namely LIX 15. 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, criteria’s such as minimum turnover ratio and free float market capitalization are applied while selection of stocks. The index constitutes only 15 stocks with maximum weight of single stock capped at 15%.
Some of the liquid stocks like State Bank of India, Axis Bank and Yes Bank are included in this list. You can download the complete list here LIX15 stocks Currently, these stocks represent nine industries, 22 per cent of turnover in cash segment and 34 per cent of single stock derivatives turnover in F&O segment on NSE.
Get Connected
Popular Posts
-
Trading holidays for the calendar year 2024. The National Stock Exchange of India (NSE) has notified trading holidays for the calendar yea...
-
As we all know, an index fund is a type of mutual fund or exchange-traded fund (ETF) with a portfolio constructed to match or track the c...
-
Costco Wholesale and Walmart are both starting to sell gold bars. First, Costco sold gold bars to its members looking to invest in more than...
-
What is Gift Nifty? Gift Nifty is a new identity given to SGX Nifty, available for trading in NSE IX with effect from July 3. Instead of Si...
-
What is Gold Bees or Gold ETF? Gold ETFs are open-ended mutual fund schemes that will invest the money collected from investors in stand...