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Email: iisl@nse.co.in
Tel: +91 22 26598386
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Index
Methodology
CNX SMALLCAP
The CNX Smallcap Index is designed to reflect the behaviour and performance of the small cap segment of the financial market. The
CNX Smallcap Index comprises 100 tradable stocks listed at the National Stock Exchange (NSE).
CNX Smallcap Index is computed using free float market capitalization method, wherein the level of the index reflects the total free
float market value of all the stocks in the index relative to particular base market capitalization value.
CNX Smallcap can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and
structured products.
Index Variants: CNX Smallcap Total Returns Index.
Eligibility Criteria for Selection of
Constituent Stocks
Index Re-Balancing:
Index is re-balanced on semi annual
basis. The cut-off date is January 31 and
July 31 of each year, i.e. For semi-
annual review of indices, average data
for six months ending the cut-off data is
considered. Four weeks prior notice is
given to market from the date of change.
Index Govenance:
A professional team at IISL manages
CNX Smallcap Index. There is a three-
tier governance structure comprising the
Board of Directors of IISL, the Index
Policy Committee, and the Index
Maintenance Sub-Committee.
The cumulative free float weightage of
companies should be within 90 % to 95 %.
The companys trading frequency should be
at least 90% in the last six months.
The company should have reported a
positive net worth.
All constituents of the CNX Smallcap Index
must have a minimum listing record of 6
months.
A company which comes out with an IPO
will be eligible for inclusion in the index, if
it fulfills the normal eligibility criteria for
the index for a 3 month period instead of a 6
month period.
From the universe of companies remaining
first 100 companies in terms of aggregate
turnover shall constitute the CNX Smallcap
Index.
Bloomberg:
Thomson Reuters:
CNXSMCP Index
.CNXSMCP
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CNX SMALLCAP
March 31, 2014
Statistics
Returns
QTD YTD 1 Year 5 Years
Since
Inception
1 Year 5 Years
Since
Inception
8.52 8.52 17.85 18.53 13.59
Sector Representation
Sector
Weight
(%)
FINANCIAL SERVICES 20.90
CONSTRUCTION 15.13
CONSUMER GOODS 10.81
ENERGY 10.45
PHARMA 6.90
IT 6.74
INDUSTRIAL MANUFACTURING 6.73
AUTOMOBILE 4.69
TEXTILES 3.56
CHEMICALS 2.94
METALS 2.93
CEMENT & CEMENT PRODUCTS 1.99
SERVICES 1.70
FERTILISERS & PESTICIDES 1.61
MEDIA & ENTERTAINMENT 1.32
HEALTHCARE SERVICES 1.13
TELECOM 0.47
Top 10 constituents by weightage
Companys Name
Weight
(%)
TVS Motor Company Ltd. 2.10
NIIT Technologies Ltd. 1.89
Adani Power Ltd. 1.87
PTC India Ltd. 1.81
Housing Development and Infrastructure Ltd. 1.73
Amtek Auto Ltd. 1.72
Andhra Bank 1.68
eClerx Services Ltd. 1.68
Prestige Estates Projects Ltd. 1.67
Sobha Developers Ltd. 1.62
Methodology
No. of Constituents
Launch Date
Base Date
Base Value
Calculation Frequency
Index Rebalancing
Free Float Market Capitalization
100
March 30, 2011
January 01, 2004
1000
Real-time Daily
Semi-Annually
Std. Deviation *
Beta (Nifty)
Correlation
18.57
0.80
0.77
20.53
0.78
0.79
25.03
0.79
0.82
Portfolio Characteristics
Fundamentals
P/E P/B Dividend
165.59
0.98 1.81
#
Disclaimer: All information contained herewith is provided for reference purpose only. IISL ensures accuracy and reliability of the above information to the best of its
endeavors. However, IISL makes no warranty or representation as to the accuracy, completeness or reliability of any of the information contained herein and disclaim any
and all liability whatsoever to any person for any damage or loss of any nature arising from or as a result of reliance on any of the information provided herein. The
information contained in this document is not intended
# QTD,YTD and 1 year returns are absolute returns.Returns for greater than one year are CAGR returns.
* Average daily standard deviation annualised