All you want to know about LIX 15 Index launched by NSE

National Stock Exchange (NSE) launched 'LIX 15' index, which will be available in the derivatives segment, in a bid to provide exposure to the liquid stocks. The index would be disseminated online, from Monday, July 8, 2013.Currently trading at 2376.
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%.

Market Representation

As on July 01, 2013 the index comprised stocks from 9 different industries.
The total traded value for the last six months ending June 2013 of all index constituents is approximately 22% of the traded value of all stocks in the Cash Segment and 34% of all the stocks in F&O segment on NSE.

Methodology

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