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Nifty equity savings index
May 3 , 2018
2269 days
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- The National Stock Exchange’s (NSEs) arm India Index Services & Products Ltd (IISL) has launched Nifty equity savings index
- Nifty equity savings index will serve as a benchmark for equity saving funds offered by various mutual funds.
- The index is total return index capturing price return and dividend or coupon income.
- The base date for the index is April 1 2005, and base value is 1,000. It will be calculated on an end-of-day basis.
Index Services & Products Ltd (IISL)
- It was founded in March 1998 and it is based in Mumbai, Maharashtra.
- Its objective is to provide a variety of indices and index-related services and products for capital markets.
- It operates as a subsidiary of NSE Strategic Investment Corporation Limited.
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