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Index Reconstitution Calendar

SR. NO. Index Name Effective date of change
1 Nifty 50 Semi-annually - Last working day of March and September
2 Nifty Next 50 Semi-annually - Last working day of March and September
3 Nifty 100 Semi-annually - Last working day of March and September
4 Nifty 200 Semi-annually - Last working day of March and September
5 Nifty 500 Semi-annually - Last working day of March and September
6 Nifty Midcap 150 Semi-annually - Last working day of March and September
7 Nifty Midcap 50 Semi-annually - Last working day of March and September
8 Nifty Midcap 100 Semi-annually - Last working day of March and September
9 Nifty Midcap Select Semi-annually - Last working day of March and September
10 Nifty Smallcap 250 Semi-annually - Last working day of March and September
11 Nifty Smallcap 50 Semi-annually - Last working day of March and September
12 Nifty Smallcap 100 Semi-annually - Last working day of March and September
13 Nifty LargeMidcap 250 Semi-annually - Last working day of March and September
14 Nifty MidSmallcap 400 Semi-annually - Last working day of March and September
15 Nifty500 Multicap 50:25:25 Semi-annually - Last working day of March and September
16 Nifty500 LargeMidSmall Equal-Cap Weighted Semi-annually – Last working day of March and September
17 Nifty Microcap 250 Semi-annually - Last working day of March and September
18 Nifty Total Market Semi-annually - Last working day of March and September

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO. Index Name Effective date of change
1 Nifty Auto Semi-annually - Last working day of March and September
2 Nifty Bank Semi-annually - Last working day of March and September
3 Nifty Chemicals Semi-annually - Last working day of March and September
4 Nifty Consumer Durables Semi-annually - Last working day of March and September
5 Nifty Financial Services Semi-annually - Last working day of March and September
6 Nifty Financial Services 25/50 Semi-annually - Last working day of March and September
7 Nifty Financial Services Ex-Bank Semi-annually - Last working day of March and September
8 Nifty FMCG Semi-annually - Last working day of March and September
9 Nifty Healthcare Semi-annually - Last working day of March and September
10 Nifty IT Semi-annually - Last working day of March and September
11 Nifty Media Semi-annually - Last working day of March and September
12 Nifty Metal Semi-annually - Last working day of March and September
13 Nifty MidSmall Financial Services Semi-annually - Last working day of March and September
14 Nifty MidSmall Healthcare Semi-annually - Last working day of March and September
15 Nifty MidSmall IT & Telecom Semi-annually - Last working day of March and September
16 Nifty Oil & Gas Semi-annually - Last working day of March and September
17 Nifty500 Healthcare Semi-annually - Last working day of March and September
18 Nifty Pharma Semi-annually - Last working day of March and September
19 Nifty Private Bank Semi-annually - Last working day of March and September
20 Nifty PSU Bank Semi-annually - Last working day of March and September
21 Nifty Realty Semi-annually - Last working day of March and September

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO. Index Name Effective date of change
1 Nifty Alpha 50 Quarterly - Last working day of March, June, September and December
2 Nifty High Beta 50 Quarterly - Last working day of March, June, September and December
3 Nifty Low Volatility 50 Quarterly - Last working day of March, June, September and December
4 Nifty100 Alpha 30 Quarterly - Last working day of March, June, September and December
5 Nifty100 Low Volatility 30 Quarterly - Last working day of March, June, September and December
6 Nifty200 Alpha 30 Quarterly - Last working day of March, June, September and December
7 Nifty Alpha Low-Volatility 30 Semi-annually - Last working day of June and December
8 Nifty Alpha Quality Low-Volatility 30 Semi-annually - Last working day of June and December
9 Nifty Alpha Quality Value Low-Volatility 30 Semi-annually - Last working day of June and December
10 Nifty Midcap150 Momentum 50 Semi-annually - Last working day of June and December
11 Nifty Midcap150 Quality 50 Semi-annually - Last working day of June and December
12 Nifty Quality Low-Volatility 30 Semi-annually - Last working day of June and December
13 Nifty100 Quality 30 Semi-annually - Last working day of June and December
14 Nifty200 Momentum 30 Semi-annually - Last working day of June and December
15 Nifty200 Quality 30 Semi-annually - Last working day of June and December
16 Nifty500 Flexicap Quality 30 Semi-annually – Last working day of June and December
17 Nifty500 Value 50 Semi-annually - Last working day of June and December
18 Nifty500 Low Volatility 50 Semi-annually - Last working day of June and December
19 Nifty500 Momentum 50 Semi-annually - Last working day of June and December
20 Nifty500 Quality 50 Semi-annually - Last working day of June and December
21 Nifty500 Multifactor MQVLv 50 Semi-annually - Last working day of June and December
22 Nifty500 Multicap Momentum Quality 50 Semi-annually - Last working day of June and December
23 Nifty MidSmallcap400 Momentum Quality 100 Semi-annually - Last working day of June and December
24 Nifty Smallcap250 Quality 50 Semi-annually - Last working day of June and December
25 Nifty Smallcap250 Momentum Quality 100 Semi-annually - Last working day of June and December
26 Nifty Growth Sectors 15 Semi-annually - Last working day of March and September
27 Nifty500 Equal Weight Semi-annually - Last working day of March and September
28 Nifty100 Equal Weight Semi-annually - Last working day of March and September
29 Nifty50 Equal Weight Semi-annually - Last working day of March and September
30 Nifty Top 10 Equal Weight Semi - annually – Last working day of March and September
31 Nifty Top 15 Equal Weight Semi - annually – Last working day of March and September
32 Nifty Top 20 Equal Weight Semi - annually – Last working day of March and September
33 Nifty50 Value 20 Annually - Last working day of December
34 Nifty200 Value 30 Semi-annually – Last working day of June and December
35 Nifty Dividend Opportunities 50 Annually - Last working day of March

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO. Index Name Effective date of change
1 Nifty Aditya Birla Group Quarterly - Last working day of March, June, September and December
2 Nifty Mahindra Group Quarterly - Last working day of March, June, September and December
3 Nifty SME EMERGE Quarterly - Last working day of March, June, September and December
4 Nifty Tata Group Quarterly - Last working day of March, June, September and December
5 Nifty REITs & InvITs Quarterly - Last working day of March, June, September and December
6 Nifty IPO Quarterly – Last working day of March, June, September and December
7 Nifty100 Enhanced ESG Semi-annually - Last working day of June and December
8 Nifty100 ESG Semi-annually - Last working day of June and December
9 Nifty100 ESG Sector Leaders Semi-annually - Last working day of June and December
10 Nifty Commodities Semi-annually - Last working day of March and September
11 Nifty Capital Markets Semi-annually – Last working day of March and September
12 Nifty Core Housing Semi-annually - Last working day of March and September
13 Nifty Energy Semi-annually - Last working day of March and September
14 Nifty EV and New Age Automotive Semi-annually – Last working day of March and September
15 Nifty Housing Semi-annually - Last working day of March and September
16 Nifty India Consumption Semi-annually - Last working day of March and September
17 Nifty India Defence Semi-annually - Last working day of March and September
18 Nifty India Digital Semi-annually - Last working day of March and September
19 Nifty India Infrastructure & Logistics Semi-annually – Last working day of March and September
20 Nifty India Internet Semi-annually - Last working day of March and September
21 Nifty India Manufacturing Semi-annually - Last working day of March and September
22 Nifty India New Age Consumption Semi-annually – Last working day of March and September
23 Nifty India Railways PSU Semi-annually – Last working day of March and September
24 Nifty India Tourism Semi-annually – Last working day of March and September
25 Nifty India Select 5 Corporate Groups (MAATR) Quarterly - Last working day of March, June, September and December
26 Nifty Infrastructure Semi-annually - Last working day of March and September
27 Nifty Midcap Liquid 15 Semi-annually - Last working day of March and September
28 Nifty MidSmall India Consumption Semi-annually - Last working day of March and September
29 Nifty MNC Semi-annually - Last working day of March and September
30 Nifty Mobility Semi-annually - Last working day of March and September
31 Nifty Non-Cyclical Consumer Semi-annually - Last working day of March and September
32 Nifty PSE Semi-annually - Last working day of March and September
33 Nifty Rural Semi-annually – Last working day of March and September
34 Nifty Services Sector Semi-annually - Last working day of March and September
35 Nifty Tata Group 25% Cap Semi-annually - Last working day of March and September
36 Nifty Transportation & Logistics Semi-annually - Last working day of March and September
37 Nifty100 Liquid 15 Semi-annually - Last working day of March and September
38 Nifty Shariah 25 Semi-annually - Last working day of March and September (See Note 1)
39 Nifty50 Shariah Semi-annually - Last working day of March and September (See Note 1)
40 Nifty500 Shariah Semi-annually - Last working day of March and September (See Note 1)
41 Nifty500 Multicap India Manufacturing 50:30:20 Semi-annually - Last working day of March and September
42 Nifty500 Multicap Infrastructure 50:30:20 Semi-annually - Last working day of March and September
43 Nifty Waves Semi-annually - Last working day of March and September

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO. Index Name Effective date of change
1 Nifty 10 yr Benchmark G-Sec Upon identification of new 10 year G-Sec
2 Nifty 10 yr Benchmark G-Sec (Clean Price) Upon identification of new 10 year G-Sec
3 Nifty 5 yr Benchmark G-Sec Fortnightly - Last working day of each fortnight
4 Nifty G-Sec Indices (Duration and Maturity based excluding 1, 2 and 3 stated above) Monthly - Last working day of each month
5 Nifty India Select 7 Government Bond (INR & USD) Monthly - Last working day of each month

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO. Index Name Effective date of change
1 Nifty AAA, AA+, AA, AA- Corporate Bond Quarterly - Last working day of March, June, September and December
2 Nifty Banking & PSU Bond Quarterly - Last working day of March, June, September and December
3 Nifty A Corporate Bond Monthly - Last working day of every month

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO. Index Name Effective date of change
1 Nifty 10 Year SDL Weekly – Next working day after successful auction

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO. Index Name Effective date of change
1 Nifty T-Bills Index Series Weekly – Next working day after successful auction
2 Nifty Commercial Papers (CP) Index Series Monthly - Last working day of every month
3 Nifty Certificate of Deposits (CD) Index Series Monthly - Last working day of every month

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO. Index Name Effective date of change
1 Nifty SDL Plus G-Sec Jun 2028 30:70 Annually - Rebalancing last working day of June
2 Nifty AAA Bond Plus SDL Apr 2026 50:50 Quarterly - Last working day of March, June, September and December
3 Nifty AAA Bond Plus SDL Apr 2026 70:30 Quarterly - Last working day of March, June, September and December
4 Nifty AAA Bond Plus SDL Apr 2031 70:30 Quarterly - Last working day of March, June, September and December
5 Nifty AAA CPSE Bond Plus SDL Apr 2027 60:40 Quarterly - Last working day of March, June, September and December
6 Nifty BHARAT Bond Index - April 2023 * Quarterly - Last working day of March, June, September and December
7 Nifty BHARAT Bond Index - April 2025 # Quarterly - Last working day of March, June, September and December
8 Nifty BHARAT Bond Index - April 2030 Quarterly - Last working day of March, June, September and December
9 Nifty BHARAT Bond Index - April 2031 Quarterly - Last working day of March, June, September and December
10 Nifty BHARAT Bond Index - April 2032 Quarterly - Last working day of March, June, September and December
11 Nifty BHARAT Bond Index - April 2033 Quarterly - Last working day of March, June, September and December
12 Nifty CPSE Bond Plus SDL Sep 2024 50:50 Quarterly - Last working day of March, June, September and December
13 Nifty CPSE Bond Plus SDL Sep 2026 50:50 Quarterly - Last working day of March, June, September and December
14 Nifty G-Sec Jun 2027 Quarterly - Last working day of March, June, September and December
15 Nifty PSU Bond Plus SDL Apr 2026 50:50 Quarterly - Last working day of March, June, September and December
16 Nifty PSU Bond Plus SDL Apr 2027 50:50 Quarterly - Last working day of March, June, September and December
17 Nifty PSU Bond Plus SDL Sep 2027 40:60 Quarterly - Last working day of March, June, September and December
18 Nifty SDL Apr 2026 Top 20 Equal Weight Quarterly - Last working day of March, June, September and December
19 Nifty SDL Apr 2027 Quarterly - Last working day of March, June, September and December
20 Nifty SDL Apr 2027 Top 12 Equal Weight Quarterly - Last working day of March, June, September and December
21 Nifty SDL Apr 2032 Top 12 Equal Weight Quarterly - Last working day of March, June, September and December
22 Nifty SDL Jun 2027 Quarterly - Last working day of March, June, September and December
23 Nifty SDL Plus AAA PSU Bond Dec 2027 60:40 Quarterly - Last working day of March, June, September and December
24 Nifty SDL Plus PSU Bond Sep 2026 60:40 Quarterly - Last working day of March, June, September and December
25 Nifty SDL Sep 2027 Quarterly - Last working day of March, June, September and December
26 Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Semi-annually - Last working day of June and December
27 Nifty G-Sec Apr 2029 Semi-annually - Last working day of June and December
28 Nifty G-Sec Dec 2026 Semi-annually - Last working day of June and December
29 Nifty G-Sec Dec 2029 Semi-annually - Last working day of June and December
30 Nifty G-Sec Dec 2030 Semi-annually - Last working day of June and December
31 Nifty G-Sec Jul 2027 Semi-annually - Last working day of June and December
32 Nifty G-Sec Jul 2031 Semi-annually - Last working day of June and December
33 Nifty G-Sec Jun 2036 Semi-annually - Last working day of June and December
34 Nifty G-Sec May 2029 Semi-annually - Last working day of June and December
35 Nifty G-Sec Oct 2028 Semi-annually - Last working day of June and December
36 Nifty G-Sec Sep 2027 Semi-annually - Last working day of June and December
37 Nifty G-Sec Sep 2032 (former name: Nifty G-sec Sep 2032 V1) Semi-annually - Last working day of June and December
38 Nifty SDL Dec 2026 Semi-annually - Last working day of June and December
39 Nifty SDL Dec 2028 Semi-annually - Last working day of June and December
40 Nifty SDL Jul 2026 Semi-annually - Last working day of June and December
41 Nifty SDL Jul 2028 Semi-annually - Last working day of June and December
42 Nifty SDL Jul 2033 Semi-annually - Last working day of June and December
43 Nifty SDL June 2028 Semi-annually - Last working day of June and December
44 Nifty SDL Oct 2026 Semi-annually - Last working day of June and December
45 Nifty SDL Plus AAA PSU Bond Apr 2026 75:25 Semi-annually - Last working day of June and December
46 Nifty SDL Plus AAA PSU Bond Apr 2028 75:25 Semi-annually - Last working day of June and December
47 Nifty SDL Plus AAA PSU Bond Jul 2028 60:40 Semi-annually - Last working day of June and December
48 Nifty SDL Plus AAA PSU Bond Jul 2033 60:40 Semi-annually - Last working day of June and December
49 Nifty SDL Plus G-Sec Jun 2028 70:30 Semi-annually - Last working day of June and December
50 Nifty SDL Plus G-Sec Jun 2029 70:30 Semi-annually - Last working day of June and December
51 Nifty SDL Plus G-Sec June 2027 40:60 Semi-annually - Last working day of June and December
52 Nifty SDL Plus G-Sec Sep 2027 50:50 Semi-annually - Last working day of June and December
53 Nifty SDL Sep 2025 Semi-annually - Last working day of June and December
54 Nifty SDL Sep 2026 Semi-annually - Last working day of June and December
55 Nifty SDL Sep 2026 V1 Semi-annually - Last working day of June and December
56 Nifty AAA PSU Bond Plus SDL Sep 2026 50:50 Semi-annually - Last working day of March and September

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the first working day after F&O expiry of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

4. * Index matured on April 15, 2023.

5. # Index matured on April 15, 2025.

SR. NO. Index Name Effective date of change
1 Nifty India Sovereign Green Bond Jan 2028 Monthly - Last working day of each month
2 Nifty India Sovereign Green Bond Jan 2033 Monthly - Last working day of each month

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.

SR. NO. Index Name Effective date of change
1 Nifty India Municipal Bond Quarterly - Last working day of March, June, September and December

Note:

1. In case of any replacements in Nifty Shariah indices (Thematic index category), as part of monthly Shariah compliance, additional replacements will be implemented from the last working day of respective month.

2. Further, NSE Indices Ltd. may conduct additional review of indices as may be required for replacement of stocks on account of cases involving scheme of arrangements, suspension, delisting etc.

3. In case of any change in the schedule, NSE Indices Ltd. shall issue a separate notification.