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Latest Index Values


FINDX Value Movement
India Benchmark 2724.25 0.75
US Benchmark 965.45 0.66






 


As on 31st August 2009


India Benchmark Index Returns
Last Week 0.05%
Last Month 1.07%
Last Quarter 8.63%
Last Year 18.84%
Since Inception 130.21%
Annual Statistical Results (Benchmark : Sensex)
Index Alpha 0.0428
Index Beta 0.8812
R-Squared 0.969
Standard Deviation 2.68
Mean 0.108

 




 

 

 

 

 












Index Data Sheet

Ask Us
FINDX India Benchmark is the oldest index being calculated by Desai Research Associates. This index is being calculated since 1st October 2005, with a base value of 1000.

 

FINDX India Benchmark is a 50-stock index. The constituents are selected from around 300 top revenue earning companies listed in Indian Stock market. Chosen constituents undergo a thorough test of financials and a unique Performance Value is assigned to them which represents their weightage in the index, when combined with base price. All the stocks also have to undergo liquidity tests so that there are adequate chances for investors to hold the Index Portfolio.

 

The index is reviewed every year on 30th September, though all quarterly reports of constituents are carefully analyzed to ensure their continued representation. Below are top 10 constituents of the index based on their weightage as on 31st August 2009.

 

Top 10 Constituents
Reliance Industries
State Bank of India
Oil & Natural Gas Corporation
Jindal Steel and Power
Bharat Heavy Electricals
Infosys Technologies
Grasim Cement
Housing Development Finance Corporation
Larsen & Toubro
Indian Oil Corporation

 

Last unscheduled change in the Index Composition occured on 7th January 2009, when Satyam Computer Services was replaced by Sun Pharmaceuticals. The change was necessitated due to the Financial Statements becoming irrelevant after the disclosure of fraudulent activities at Satyam Computer Services.

 

As for returns, INR 100000 invested in FINDX India Benchmark index on 30th September 2005 would have returned a total of INR 230206 as on 31st August 2009. Whereas the same amount invested in BSE Sensex would have returned INR 181443 and if invested in S&P CNX Nifty would have returned INR 179215!
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