Nifty Core Housing Index:
The Nifty Core Housing Index aims to track the performance of a portfolio of stocks that broadly represent the Core housing theme. The largest 30 stocks from eligible basic industries are chosen based on a 6-month average free-float market capitalisation.
Weights of each stock in the index are calculated based on its free-float market capitalization, and individual stock weights are capped at 15% at the time of rebalancing. The index can be used for benchmarking fund portfolios, launching index funds, ETFs, and other structured products.
Trending News & Market Signals
Conflicting signals are emerging from the Indian housing market. Recent reports show a decline in sales and new launches in the first quarter of 2025 across key cities. Hindustan Times reported a 19% drop in sales, while CNBC TV18 cited a 28% decrease.
However, industry leaders like HDFC Capital Advisors suggest the sector is in its largest boom in 15 years. Projections from Reuters anticipate home rate hikes of 6.0% in 2025 and 5.0% in 2026, indicating underlying strength and optimism in the market.
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Key Fundamentals & Sector Weightage
Sector Representation
Portfolio Characteristics
| Methodology | Periodic Capped Free-Float |
| No. of Constituents | 30 |
| Launch Date | May 16, 2023 |
| Base Date | April 01, 2005 |
| Base Value | 1000 |
| Calculation Frequency | End of day |
| Index Rebalancing | Semi - Annually |
Historical Performance (2006 - 2025)
Index Returns & Statistics
Index Returns (%)
| Return Type | QTD | YTD | 1 Year | 5 Years* | Since Inception* |
|---|---|---|---|---|---|
| Price Return | 2.67 | -6.20 | -1.76 | 21.75 | 14.50 |
| Total Return | 2.69 | -6.16 | -1.25 | 22.51 | 15.72 |
*Returns for periods greater than one year are CAGR returns.
Key Statistics (vs NIFTY 50)
| Statistic | 1 Year | 5 Years | Since Inception |
|---|---|---|---|
| Std. Deviation* | 20.05 | 17.69 | 24.90 |
| Beta | 1.06 | 0.99 | 1.03 |
| Correlation | 0.82 | 0.83 | 0.87 |
*Average daily standard deviation annualised.
Top Constituents by Weightage
All Constituent Company Details
| Company Name ↕ | Symbol ↕ | Price (INR) ↕ | Market Cap ↕ | P/E Ratio ↕ | Volume ↕ |
|---|
Index Methodology
- Stocks forming part/going to form part of Nifty 500 index are considered as eligible universe for stock selection.
- Stocks forming part of the eligible basic industries within the Core housing theme shall be eligible to be included from the universe at the time of review.
- The index comprises of maximum of 30 companies.
- The weight of each stock in the index is based on its free float market capitalization.
- Stocks weights are capped at 15% each.
- The Index is reconstituted semi-annually along with Nifty Broad-based indices.
Index Governance
A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.
Disclaimer: All information contained herewith is provided for reference purpose only. NSE Indices Limited ensures accuracy and reliability of the above information to the best of its endeavors but makes no warranty or representation as to its accuracy. The information is not intended to provide any professional advice.