Note: Investible Weight Factors (IWF) as the term suggests is a unit of floating stock expressed in terms of a number available for trading and which is not held by the entities having strategic interest in a company. The index comprises a maximum of 20 stocks and a stock’s weight is based on its free float market capitalization.įree Float Market Capitalization = Shares outstanding * Price * IWF(Investible Weight Factors) The Nifty Financial Services Index ( FINNIFTY) tracks the performance of Indian financial services companies including banks, housing finance, insurance, NBFCs, other financial services companies etc. ![]() ![]() What Is Nifty Financial Services Index (FINNIFTY Index)?
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