CLOSE X

nifty 50

NIFTY 50 April 12 2022

What is NIFTY 50? 

Nifty 50 is an Indian benchmark index. It represents the weighted average of the 50 largest companies listed on the National Stock Exchange (NSE). The term Nifty 50 is a combination of National Stock Exchange and Fifty (50). Nifty 50 is also known as CNX Nifty. In simple terms, the Nifty 50 is a collection or a basket of the 50 most active stocks on the NSE. Nifty 50 acts as a barometer for the overall movement of the stock market. Nifty 50 indexes is widely used by mutual fund companies as a benchmark to track the performance of actively managed mutual funds.

Nifty 50 indexes were launched by the NSE on 22nd April 1996. It is owned and managed by Index and Services and Products Ltd (IISL). IISL is a wholly-owned subsidiary of NSE Strategic Investment Corporation Ltd. The total market capitalization of the Nifty 50 companies is a staggering Rs 1, 27,83,812 crores. Nifty 50 is one of the most actively traded contracts in the world.

In 2021, the Nifty 50 is in its 25th year. The below timeline shows Nifty 50’s major milestones in the last 25 years.

What is NIFTY 50

Composition of the Nifty 50 Index 2021

The stocks in the Nifty 50 index keep on changing. In fact, there has been a visible yet gradual change in the composition of the Nifty 50 index. In 1995, the financial services sector had a 19.70% weightage in the index. This increased to 37.23% in 2021. Similarly, Information and Technology (IT) companies had no place in the index in 1995. But today, IT sector has the second-highest weightage of 17.41% in Nifty 50. This change in the stocks of the Nifty 50 reflects the change in India’s economy from manufacturing to service-based.

The table below shows the change in the composition of the Nifty 50 index between 1995 to 2021.

Nifty 50 Constituents 1995Mar-09Mar-14Mar-19Sep-21
Financial Services19.70%11.78%27.45%38.85%37.23%
Energy12.60%40.74%14.31%15.30%0.00%
Oil & Gas0.00%0.00%0.00%0.00%12.30%
Information & Technology0.00%9.05%16.34%13.67%17.41%
Consumer Goods18.80%6.42%12.63%11.29%11.11%
Automobile 12.40%3.31%8.82%6.08%4.71%
Construction4.30%3.88%4.97%3.66%2.69%
Metals 11.60%5.44%4.80%3.69%3.63%
Telecom0.00%9.78%1.68%1.51%2.13%
Pharma2.50%2.50%5.23%2.42%3.39%
Cement & Cement Products 2.20%1.90%3.08%1.62%2.46%
Industrial Manufacturing 0.50%5.20%0.69%0.00%0.00%
Media & Entertainment 0.00%0.00%0.00%0.53%0.00%
Fertilisers & Pesticides1.80%0.00%0.00%0.75%0.51%
Services2.70%0.00%0.00%0.64%0.71%
Chemicals 5.40%0.00%0.00%0.00%0.00%
Textile 5.50%0.00%0.00%0.00%0.00%
Power0.00%0.00%0.00%0.00%1.73%
Total 100%100%100%100%100%

*Green denotes increased weightage and red denotes decreased allocation.

**2021 data is as of 30th September 2021 Source: NSE India

Sectoral Allocation of Nifty 50 Index 2021

The stocks in the Nifty 50 index are diversified across 13 sectors with the following allocation –

Sector Weightage in Nifty 50 Index
Financial Service37.23%
Information & Technology
17.41%
Oil & Gas
12.30%
Consumer Goods
11.11%
Automobile
4.71%
Metals
3.63%
Pharmaceuticals
3.39%
Construction
2.69%
Cement & Cement Products
2.46%
Telecom
2.13%
Power
1.73%
Services
0.71%
Fertilisers & Pesticides
0.51%

*Portfolio as of 30th September 2021

What is NIFTY 50

*As of 30th September 2021

Nifty 50 has the highest exposure to the financial sector (37.23%) and the IT sector (17.41%). Let us now take a detailed look at the 50 companies in the Nifty 50 Index.

Nifty 50 Companies List 2021 and Individual Stock Weightage 2021

List of Nifty 50 CompaniesWeightage in the Nifty 50 index Market Capitalisation (Rs Cr)52W High52W LowReturn on Equity Ratio (%)Price to Earnings RatioDebt to Equity RatioPrice to Book Value RatioEnterprise Value/
EBITDA
Reliance Industries Ltd
10.68%17,95,4332,7251,8307.9737.700.412.5919.80
Tata Consultancy Services Ltd
5.13%13,52,0773,9902,60039.1037.000.0814.0024.90
HDFC Bank Ltd
9.14%9,07,8101,6501,16416.5027.607.204.3322.50
Infosys Ltd
8.14%7,27,9631,7881,05127.2034.900.0710.4022.20
Hindustan Unilever Ltd
3.16%6,21,8782,8592,04429.2074.900.0013.0050.70
Housing Development Finance Corporation Ltd
6.52%5,00,0792,8961,90713.2024.802.863.2017.50
ICICI Bank Ltd
6.37%4,92,37473538813.1024.607.003.1220.80
State Bank Of India
2.28%4,29,8994871868.2117.2015.101.5622.30
Bharti Airtel Ltd
2.13%4,05,959739387-22.20357.002.766.899.29
Kotak Mahindra Bank Ltd
3.86%3,98,4722,0781,30113.1040.103.854.7026.60
Wipro Ltd
1.23%3,68,64069933119.6030.400.225.9719.60
HCL Technologies Ltd
1.82%3,43,3741,37880019.8030.100.115.7316.00
Asian Paints Ltd
1.92%3,18,7893,5052,05527.3091.400.0924.9056.30
ITC Ltd
2.71%3,07,02325116321.0022.000.005.0914.60
Bajaj FinServ Ltd
1.41%2,89,44318,8145,51113.3070.803.598.0822.40
Bajaj Finance Ltd
2.67%2,89,44318,8145,51113.3070.803.598.2122.70
Larsen & Toubro Ltd
2.70%2,46,1031,81088419.3016.201.733.2010.10
Axis Bank Ltd
2.58%2,43,6878214547.5828.808.302.3523.10
Maruti Suzuki India Ltd
1.28%2,26,0218,4006,3014.4044.000.014.3123.80
Titan Company Ltd
1.18%2,25,2492,6101,15413.60175.000.7530.0099.90
Ultratech Cement Ltd
1.12%2,12,1768,0734,31513.1032.300.464.8016.60
Sun Pharmaceutical Industries Ltd
1.16%2,02,1568474526.3335.200.084.3519.40
Oil & Natural Gas Corporation Ltd
0.69%2,01,284173647.399.410.600.914.79
Nestle India Ltd
0.91%1,86,28120,60915,375106.0084.200.0783.2051.90
Tata Motors Ltd
0.78%1,80,381524126-22.900.002.573.056.99
JSW Steel Ltd
0.87%1,64,72177628619.0011.501.333.527.12
Tata Steel Ltd
1.32%1,62,9181,53537010.807.501.202.225.19
Adani Ports and Special Economic Zone Ltd
0.71%1,54,96990134117.7028.001.135.0416.20
NTPC Ltd
0.88%1,41,9111497812.609.051.691.138.67
HDFC Life Insurance Company Ltd
0.88%1,41,80177655615.40120.000.0716.4099.60
Divi’s Laboratories Ltd
0.80%1,39,3425,3333,01523.9068.000.0015.0044.40
Power Grid Corporation Of India Ltd
0.85%1,39,09120411618.7010.202.051.997.42
Tech Mahindra Ltd
1.12%1,35,9981,54878219.0028.300.125.4716.90
Indian Oil Corporation Ltd
0.42%1,23,5611357420.904.841.041.104.71
SBI Life Insurance Company Ltd
0.70%1,19,2001,27475513.6092.500.0011.3091.10
Coal India Ltd
0.51%1,17,12320411037.008.490.163.104.24
Mahindra & Mahindra Ltd
1.01%1,16,2829715874.4540.601.932.8014.20
Bajaj Auto Ltd
0.65%1,14,8114,3612,82219.8020.400.004.2115.40
Hindalco Industries Ltd
0.93%1,14,1675121655.3317.201.011.728.29
Grasim Industries Ltd
0.84%1,10,3771,7137337.1418.701.191.698.15
Shree Cement Ltd
0.51%1,00,36132,05020,10315.9038.800.146.5220.90
Bharat Petroleum Corporation Ltd
0.54%99,49350332527.808.581.011.856.58
Britannia Industries Ltd
0.61%93,5464,1533,31746.9054.800.5926.4036.30
IndusInd Bank Ltd
0.88%91,6941,1965717.5526.707.062.1517.00
Dr. Reddy Laboratories 0.78%82,0095,6144,13511.7047.200.174.6021.70
Eicher Motor ltd0.51%79,4433,0372,01512.6048.500.026.8227.20
Cipla LTD0.66%73,6881,00570614.1029.000.104.0215.40
TATA Consumer Products Ltd0.64%78,2958894596.131020.115.3948.70
Hero Motocrop Ltd0.48%58,4443,6292,63618.7018.800.043.7912.00
UPL LTD0.51%57,10986539915.0018.101.172.738.93

*Data as of 13th October 2021

Key Financial Ratios of Nifty 50 Index 

Price to Earnings Ratio26.98
Price to Book Value Ratio4.41
Dividend Yield1.17

*Data as of 30th September 2021

Nifty 50 Vs Sensex

DifferenceNifty 50Sensex
Full-FormNifty 50 is the short-form of the National Stock Exchange Fifty. It is also known as the National 50 or S&P CNX Nifty.Sensex is the short-form of the Sensitivity Index. It is also known as S&P BSE Sensex.
Year of LaunchNifty 50 was launched on 22nd April 1996.Sensex was launched in 1986.
Managed byNifty 50 is managed by Index and Services and Products Ltd (IISL), a wholly-owned subsidiary of NSE India.Sensex is managed by the Bombay Stock Exchange.
Number of Stocks Nifty 50 contains 50 of the largest, most traded stocks listed on the NSE.Sensex contains 30 of the largest, most active stocks listed on the BSE.
Base PeriodThe base period for calculating Nifty 50 is 3rd November 1995.The base period for calculating Sensex is 1978-79.
Base ValueThe base value of Nifty 50 is 1,000 pointsThe base value of Sensex is 100 points
Base CapitalNifty 50’s base capital is Rs 2.06 TrillionSensex does not have a base capital
Futures and OptionsFutures and Options contracts are actively tradedFutures and Options contracts are not actively traded

Nifty and Sensex are two of the most popular indices in India. But there are numerous more indices which are an extension of the Nifty 50 index.

Derivatives of Nifty 50 Index – Sectoral Indices of Nifty 

The success and performance of the Nifty 50 index have resulted in the introduction of various Nifty sectoral indices. While the Nifty 50 index focuses on the bluest of the bluechip stocks, these nifty sectoral indices track different sectors and themes. Some of the common NIFTY indices are:

Nifty Sectoral IndicesConstituents of the Nifty Index 
NIFTY Auto
Amara Raja Batteries, Ashok Leyland, Bajaj Auto, Balkrishna Industries, Bharat Forge, Bosch, Eicher Motors, Exide, Hero MotoCorp, Mahindra & Mahindra, Maruti Suzuki, MRF, Tata Motors, Tube Investments, TVS Motors
NIFTY Bank
Axis Bank, AU Small Finance Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, IndusInd Bank, Kotak Mahindra Bank, Punjab National Bank, RBL Bank, State Bank of India
NIFTY Consumer Durables
Amber Enterprises, Bata, Blue Star, Crompton Greaves, Dixon Technologies, Havells, Kajaria Ceramics, Orient Electric, Rajesh Exports, Relaxo, Titan Company, TTK Prestige, V-Guard, Voltas, Whirlpool
NIFTY Financial Services
Axis Bank, Bajaj Finance, Bajaj FinServ, Cholamandalam, HDFC, HDFC AMC, HDFC Bank, HDFC Life, ICICI Bank, ICICI Lombard, ICICI Prudential, Kotak Mahindra Bank, M&M Finance, Muthoot Finance, Piramal Enterprises, Power Finance Corporation, REC, SBI Life Insurance Company, Shriram Transport Finance, State Bank of India
NIFTY FMCG
Britannia, Colgate-Palmolive, Dabur, Emami, Godrej Consumer Products, Hindustan Unilever, ITC Limited, Marico, Nestlé India, Procter & Gamble, Radico Khaitan, Tata Consumer Products, United Breweries, United Spirits, Varun Beverages
NIFTY PharmaAlembic Pharmaceuticals, Alkem Laboratories, Apollo Hospitals, Aurobindo Pharma, Biocon, Cadila Healthcare, Cipla, Divi’s Laboratories, Dr Lal Path Labs, Dr. Reddy’s Laboratories, Glenmark Pharmaceuticals, Granules India, Ipca Laboratories, Laurus Labs, Lupin, Metropolis Healthcare, Pfizer India, Strides Pharma, Sun Pharmaceutical, Torrent Pharmaceuticals
NIFTY IT
Coverage, HCL Technologies, Infosys, L&T Infotech, L&T Technology Services, Mindtree, Mphasis, Tata Consultancy Services, Tech Mahindra, Wipro
NIFTY Media
Dish TV, Hathway, INOX Leisure, Nazara Technologies, Network18, PVR Cinemas, Saregama, Sun TV Network, TV18, Zee Entertainment Enterprises
NIFTY Metal
Adani Enterprises, APL Apollo Tubes, Coal India, Hindalco, Hindustan Copper, Hindustan Zinc, Jindal Steel, JSW Steel, National Aluminium Company, NMDC, Ratnamani Metals & Tubes, Steel Authority of India, Tata Steel, Vedanta, Welspun Corp
NIFTY Energy
Adani Total Gas, Aegis Logistics, BPCL, Castrol, GAIL, Gujarat Gas, Gujarat State Petronet, HPCL, Indraprastha Gas, IOC, Mahanagar Gas, MRPL, Oil India, ONGC, Petronet LNG, Reliance Industries
NIFTY Pharma
Abbott India, Alembic Pharmaceuticals, Alkem Laboratories, Aurobindo Pharma, Biocon, Cadila Healthcare, Cipla, Divi’s Laboratories, Dr. Reddy’s Laboratories, Gland Pharma, Glenmark Pharmaceuticals, Granules India, Ipca Laboratories, Laurus Labs, Lupin, Natco Pharma, Pfizer India, Strides Pharma, Sun Pharmaceutical, Torrent Pharmaceuticals
NIFTY Private Bank
Axis Bank, Bandhan Bank, City Union Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, IndusInd Bank, Kotak Mahindra Bank, RBL Bank
NIFTY PSU Bank
Bank of Baroda, Bank of Maharashtra, Bank of India, Canara Bank, Central Bank of India, Indian Bank, Indian Overseas Bank, J&K Bank, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, Union Bank of India
NIFTY Realty
Brigade Enterprises, Brookfield India REIT, DLF, Embassy Office Parks REIT, Godrej Properties, Indiabulls Real Estate, Macrotech Developers, Mindspace Business Parks REIT, Oberoi Realty, Phoenix Mills, Prestige Estates

How to Invest in Nifty 50? 

There are many ways in which investors can invest in Nifty 50.

  1. Buy individual stocks: Investors can buy stocks in the same allocation as the Nifty 50 index. But the problem with this method of investing in Nifty 50 is the availability of capital. To buy 1 share each of the Nifty 50 index, investors will have to shell out Rs 1.57 Lakhs (as of 13th October 2021). Retail investors might not have such a high investible corpus. Additionally, tracking and managing 50 stocks can get tedious.
  1. Trade-in Nifty Futures & Options (F&O): Investors with limited cash can also invest in futures and options contracts with Nifty 50 as the underlying asset. But not all investors are comfortable with the F&O segmentAlso, since these contracts have to be settled on the last Thursday of the month, investors might have to book losses which can be quite huge due to the high leverage available in the 
  1. Investing in Nifty ETFs: This is probably one of the best ways to invest in Nifty 50. With Nifty ETFs, investors can get exposure to the Nifty 50 index at a fraction of the cost. So, you don’t need to shell out Rs 1.57 Lakhs to buy 1 share each in the Nifty 50 index. You can get the same exposure with Nifty ETF Nifty BeEsETFs. Nippon India is one of the most popular Nifty ETFs in India. Nifty BeES are highly liquid and hence trading them is super convenient.
  1. Investing in Nifty Index Funds: For retail investors, this is the best way of investing in the Nifty 50 index. Index mutual funds are passively managed and their aim is to mirror or copy a benchmark, in this case, Nifty 50. Availability of capital is also not an issue as Investors can invest in index mutual funds with as little as Rs 500 per month via a systematic investment plan (SIP). Investors are also free to hold their index fund units for the long term as there is no settlement date in index mutual funds.

Benefits of Investing in Nifty 50 Index Funds 

  1. Superior long-term returns: Index mutual funds have generated superior returns in the long term. In fact, in the last few years, they have outperformed actively managed mutual funds. Hence, investors must include index mutual funds for long-term wealth creation. The chart below shows the superior performance of index mutual funds.
What is NIFTY 50

*Data as on 13th October 2021 **1-year returns are absolute returns. Returns greater than one year are CAGR returns.

  1. Inefficient mirroring of the Index: To get the best possible return in line with the Nifty 50 index, investors will have to accurately copy the index composition. This is not possible as partial ownership of shares is not allowed. For example, Eicher Motors Ltd has 0.58% exposure in the Nifty 50 index. The market price of Eicher Motors Ltd on 13th October 2021 is Rs 2,906. Suppose you are investing Rs 20,000. 0.58% of Rs 20,000 is Rs 116. But you cannot buy 1 share of Eicher Motors Ltd at Rs 116. Hence, exact mirroring of the index can be achieved only with Nifty BeES or Index mutual funds.
  1. No Fund Manager Bias: When you invest in Nifty 50 index mutual funds, the fund manager does not aim to beat Nifty 50. His job is to simply mirror Nifty’s portfolio and performance. So, the fund manager is unable to increase or decrease the allocation of selected stocks where he has a strong bias.
  1. Low Expense Ratio: Even actively managed mutual funds have Nifty 50 as their benchmark index. However, there is a huge difference between the expense ratios of actively managed mutual funds and index funds. For example:
  • The benchmark index for both Axis Bluechip Fund and HDFC Index Fund – Nifty 50 Plan is Nifty 50 TRI.
  • Despite tracking the same index, the expense ratio of Axis Bluechip Fund is 1.58%. While the expense ratio of HDFC Index Fund – Nifty 50 plan is 0.40%. A high expense ratio automatically reduces your fund’s return. Hence, index funds are ideal as they have very low expense ratios.
  1. Rebalancing Hassle: The Nifty 50 index is evaluated and rebalanced twice every year. If you have bought individual stocks to replicate the Nifty 50 index, then you will have to rebalance the portfolio every time the index is shuffled. Apart from the hassle, you will also incur short-term capital gains tax, which will further reduce your profits. But in the case of index mutual funds, the portfolio is rebalanced automatically whenever the Nifty 50 index is altered.
  1. Low Investment: Index mutual funds and Nifty BeEs are highly affordable. You can invest in index mutual funds with just Rs 500. This is not possible with Nifty F&O contracts as the initial margin requirements are high. Hence, index mutual funds are the best way to invest in the Nifty 50 index.

Th Only Disadvantage of Nifty 50 Index Mutual Fund 

The only disadvantage of index mutual funds is that due to the passive management, the fund manager might have to give up lucrative investment opportunities. This is clearly visible in the difference in returns generated by active and index mutual funds. Let us revisit the Axis Bluechip Fund and HDFC Index Fund – Nifty 50 Plan example.

Funds 3-Years (%)5-Years (%)10-Years (%)
Axis Bluechip Fund23.7519.0217.09
HDFC Index Fund – Nifty 50 Plan20.7916.9914.26

Even though they are tracking the same index, the fund manager of Axis Bluechip Fund has the freedom to alter the fund’s allocation to high-performing stocks. This is why the fund has managed to outperform HDFC Index Fund – Nifty Plan consistently over the long term. This is why a healthy mix of active and passive funds in your portfolio is a must.

The chart below shows the performance of Nifty 50 index. 

What is NIFTY 50

Source: NSE India *Data as on 30th September 2021

Annual Returns Generated by Nifty 50 since 2000. 

YearClosing levelChange in Index (Points)Change in Index (%)
20001263.55−216.90−14.65
20011059.05−204.50−13.94
20021093.534.453.25
20031879.75786.2571.9
20042080.5200.7510.68
20052836.55756.0536.34
20063966.41129.8539.83
20076138.62172.254.77
20082959.15−3,179.45−51.79
20095201.052241.975.76
20106134.5933.4517.95
20114624.3−1,510.20−24.62
20125905.11280.827.7
20136304398.96.76
20148282.71978.731.39
20157964.35−318.35−3.84
20168185.8239.453.01
201710530.72344.928.65
201810862.55331.853.15
201912168.451305.912.02
202013981.751813.314.9

In the last 25 years, the Nifty 50 has given negative returns only 5 times. This is proof that the Nifty 50 is one of the best avenues to create long-term wealth. But it hasn’t been a smooth-sailing journey for Nifty 50.

The 2008 crash was the worst year for Nifty 50 as it fell by -51.79%. But in the very next year, the Nifty 50 index gave a return of 75.76%. The table below shows the major single-day falls and gains of the Nifty 50 index.

Nifty 50 Major Single Day Falls 

DateFall
23-03-2012.98%
21-01-0810%
12-03-208.30%
28-10-978.01%
16-03-207.61%
24-08-155.92%
09-03-204.90%
16-08-134.08%
26-02-213.76%
12-04-213.53%
01-02-203.11%
11-11-162.69%
05-10-182.67%
04-10-182.39%
02-02-182.33%
24-06-162.20%
08-07-192.14%
11-06-202.12%
03-09-192.04%
17-09-191.69%
22-08-191.62%
24-09-181.58%
05-07-191.14%

Nifty 50 Major Single Day Gains 

DateBiggest Single-Day Gains
07-04-208.76%
20-09-196.12%
01-02-214.74%
23-09-193.73%
20-05-193.69%
23-05-192.49%
26-08-192.16%
08-08-191.63%

Nifty 50 is an allrounder as it is suitable for investors with various risk profiles. For instance, if you are an aggressive investor, then you can directly invest in Nifty futures and options. If you are a moderately aggressive investor then Nifty BeES might be apt for you. Even if you are a conservative investor, you can still participate in Nifty’s growth via an index mutual fund. But to do all this, you will first need a Demat account. So, stop procrastinating.

You can bid more IPO or share Click here.

If you don’t have an account with Nirman Broking, you can open one online and receive your login credentials within 2 hours. You can sign up using your mobile number on our website. Follow the simple on-screen instructions to open an account. You will be required to enter your PAN, bank account details, and personal details to continue with the sign-up.

Check out this video walkthrough to learn more.

If you face any difficulties while opening an account online, you can call us on —
0755-4260000 / 4077777

View more related Share Price

get in touchCall : 0755-4260000 / 4077777
REGISTERED OFFICE

Nirman Share Brokers Pvt. Ltd.
“NIRMAN HOUSE” 8, Zone - 1, M. P. Nagar, Bhopal - 462011.
CIN NO.- U67120MP2001PTC14523
GST NO. - 23AABCN3007C1ZB

ATTENTION INVESTORS

All the clients are requested not to blindly follow these unfounded rumours, tips etc. and invest after conducting appropriate analysis of respective companies. Prevent Unauthorised transactions in your account. Update your mobile numbers/email IDs with your stock broker/Depository participant. Receive information of your transactions directly from Exchange/Depository on your mobile/email at the end of the day

KYC

KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

IPO

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

ATTENTION INVESTORS

1.Stock broker/Depository participant can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2.Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

3.Pay 20% upfront margin of the transaction value to trade in cash market segment.

4.Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.

5.Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

.......... Issued in the interest of Investors

Nirman Share Brokers Pvt. Ltd. : SEBI Registration No.INZ000197638-BSE Cash/F&O/CD (Member ID:956),
MCX (Member ID 45395)
NSE Cash/F&O/CD (Member ID:12309)
CDSL (DP ID 12059500): IN-DP-CDSL-494-2008

COMPLIANCE OFFICER: Mr.Tushar Suryavanshi
E-mail : tushar.s@nirmanbroking Tel : 0755-4260000

© 2020 Nirman Share Brokers Pvt. Ltd. All Rights Reserved
Designed & Developed by Accord Fintech Pvt. Ltd.