The National Stock Exchange has launched the Nifty Next 100 index, designed to track emerging large-cap opportunities in the Indian market. According to reports from Business Standard, the new index comprises a portfolio of 100 stocks, including all 50 constituents of the Nifty Next 50 and the top 50 stocks from the Nifty Midcap 150, selected based on their six-month average free-float market capitalisation. The index follows a free-float market capitalisation-weighted methodology and has a base date of 1 October 2010 with a base value of 1,000.
As reported by Business Standard, the Nifty Next 100 has delivered a 13.42% annualised total return since its inception on 1 October 2010. The index will be reconstituted on a semi-annual basis in March and September. NSE Indices expects the benchmark to serve as a reference index for passive investment products such as exchange-traded funds (ETFs), index funds and structured products, while also providing asset managers with a broader benchmark for tracking India's next generation of large-cap companies.
According to the index factsheet reported by Business Standard, financial services is the largest sector in the index with a weight of 22.23%, followed by capital goods (13.95%), healthcare (9.34%), power (8.27%), fast-moving consumer goods (7.75%) and automobile & auto components (7.74%). Other key sectors include consumer services, oil & gas, chemicals and metals. The top constituents by weight include Divi's Laboratories (2.47%), TVS Motor Company (2.45%), Tata Motors (2.20%), Federal Bank (2.14%) and Hindustan Aeronautics (2.13%).
As reported by Business Standard, the index has delivered 11.03% annualised total return over one year and 15.77% annualised total return over five years. The index methodology ensures that constituents are selected based on their six-month average free-float market capitalisation, providing a comprehensive view of emerging large-cap opportunities in the Indian market.
The launch of the Nifty Next 100 index comes as Axis Mutual Fund has announced the Axis Nifty Energy Index Fund NFO, opening on August 7, 2026 and closing on August 21, 2026. The scheme is an open-ended equity index fund under the thematic energy category with a ₹100 minimum investment and no lock-in period. The fund will track the NIFTY Energy Total Return Index (TRI) and is managed by Nandik Mallik and Rohit Gautam. With a 'Very High' risk rating under the Riskometer, the fund reflects the higher volatility associated with sector-based equity investments.
