NIFTY SME EMERGE Index is designed to reflect the performance of a portfolio of eligible small and medium enterprises that are listed on NSE EMERGE platform.
The index constituents are weighted based on free float market capitalization.
The index has a base date of December 01, 2016 and a base value of 1000
To form part of the NIFTY SME EMERGE, stocks should qualify the following eligibility criteria:
Stocks should be listed under NSE EMERGE platform
At the time of quarterly review, stocks should have traded for a minimum of 25% of trading days subject to a minimum of 10 trading days during the previous 3 months
Minimum number of constituents in the index is 20
Index is reconstituted on a quarterly basis