What do you see the impact of Divi Labs and SBI Life being added in the Nifty index?
Answer
Answer
Under the latest recast, Divi’s Laboratories and SBI Life will be added to the Nifty-50 index and are expected to see combined inflows of Rs.1,400 crore from ETFs and index funds. However, exiting stocks, Zee and Bharti Infratel will see outflows of Rs 650 crore.
The NSE Nifty index is currently used as an underlying for ETFs with assets of nearly Rs 90,000 crore. The changes will reflect from September 25, a day after September expiry. SBI Life will join HDFC Life in becoming only the second insurance company to get added to the Nifty index.