![CNX FMCG](/uploads/5/7/2/2/57226809/522484.png?190)
FMCGs (Fast Moving Consumer Goods) are those goods and products, which are non-durable, mass consumption products and available off the shelf. The CNX FMCG Index comprises of 15 companies who manufacture such products which are listed on the National Stock Exchange (NSE).
Market Representation
The criteria for the CNX FMCG Index include the following:
Market Representation
- The CNX FMCG Index represents about 8.24% of the free float market capitalization of the stocks listed on NSE and 82.42% of the free float market capitalization of the stocks forming part of the FMCG universe as on March 31, 2015.
- The total traded value for the last six months ending March 2015 of all index constituents is approximately 4.58% of the traded value of all stocks listed on NSE and 71.88% of the traded value of the stocks forming part of the FMCG universe.
The criteria for the CNX FMCG Index include the following:
- Companies must rank within the top 500 companies by average free-float market capitalisation and aggregate turnover for the last six months.
- Companies should form a part of FMCG sector.
- The company's trading frequency should be at least 90% in the last 6 months.
- The company should have reported a positive net worth.
- The company should have an investable weight factor (IWF) of at least 10%.
- The company should have a listing history of 6 months. A company which comes out with an IPO will be eligible for inclusion in the index, if it fulfills the normal eligibility criteria for the index for a 3 month period instead of a 6 month period.
- Final selection of 15 companies shall be done based on the free-float market capitalization of the companies.
- The review will take place on a semi-annual basis.
- Below is the list of stocks included in this index.