India Index Services & Products Limited (IISL), an NSE group company and India’s leading index provider, is pleased to announce the rebranding of all the existing IISL indices including CNX Nifty, CNX 100, CNX 200, CNX 500, CNX Midcap, CNX Smallcap etc.
IISL as part of the rebranding initiative proposes to rebrand all its existing indices to include ‘Nifty’ in the name of its indices as Nifty has become a strong brand name amongst the investors tracking Indian capital markets. NSE’s flagship “CNX Nifty” index will be rebranded as “Nifty 50” index.
“Over the years, Nifty 50 has become synonymous with Indian equity market both domestically and internationally. Inclusion of Nifty in the name of IISL’s indices will enhance the acceptability of products linked to Nifty family worldwide. Ever increasing participation in Nifty indices indicates that interests in Indian market are growing.” said Ms. Chitra Ramkrishna, MD and CEO, NSE.
Nifty 50 options traded on NSE are the largest traded contract globally in equity index options category. In addition to NSE, Nifty derivatives are also traded on Singapore Exchange Ltd., Chicago Mercantile Exchange Inc. and Osaka Exchange Inc.
Further, 97% of total asset under management of equity ETFs in India is linked to Nifty family of indices. Total ETF AUM tracking Nifty family of indices globally (domestic and international) is USD 2240 million. As on August 31, 2015, there are 6 international ETFs and 11 domestic ETFs & 14 index funds based on Nifty 50 Index. Further, 18 domestic ETFs and index funds are linked to other IISL indices.
List of all IISL indices with their new names is attached herewith and also available on our website (http://www.nseindia.com/supra_global/content/iisl/press_rel.htm).
The rebranding of IISL’s indices will be effective from November 09, 2015.