National Stock Exchange (NSE) Indices launches Nifty500 Ahimsa Index

Key facts

• NSE Indices, a subsidiary of the National Stock Exchange (NSE), has launched the Nifty500 Ahimsa Index, India's first stock market index based on non-violence towards animals.
• The index was developed in collaboration with the Ahimsagain Foundation using the Ahimsa Investment Movement (AIM) framework.
• Companies from the Nifty 500 universe are screened and classified into three categories: Green (aligned with Ahimsa principles), Orange (moderate concerns), and Red (significant involvement in activities that harm animals).
• Only companies classified under the Green category are eligible for inclusion in the index.
• Stock weighting in the index is based on free-float market capitalisation.
• The index is reconstituted semi-annually.
• The base date for the index is April 1, 2016, with a base value of 1,000.
• The index is expected to serve as a benchmark for passive investment products, including Exchange Traded Funds (ETFs) and index funds.