Electric Vehicle Index

  • 0
  • 3117
Font size:
Print

Electric Vehicle Index

Context:

India’s first electric vehicle index launched by NSE Indices.

 

More on news:

  • NSE Indices Ltd, a subsidiary of the National Stock Exchange, launched the first-ever electric vehicle (EV) index in the country.
  • The new index is named the Nifty EV and new-age automotive index.
  • It aims to track the performance of companies within the EV ecosystem.
  • It will facilitate the creation of investment products, providing asset managers with opportunities to invest in the EV and new-age automotive market.
  • Provides an investment vehicle for investors interested in the EV sector.

 

Index Details:

  • Base Information
    • Base date: April 2, 2018.
    • Base value: 1,000.
  • Reconstitution and Rebalancing
    • The index will be reconstituted semi-annually.
    • It will be rebalanced on a quarterly basis.
  • Expected Impact
    • The index is expected to act as a benchmark for asset managers.
    • It will serve as a reference index tracked by passive funds, including Exchange Traded Funds (ETFs), index funds, and structured products.

 

Government Support and Policy Initiatives:

  • The government has been proactive in framing policies to promote EV adoption.
  • These policies aim to encourage the manufacturing of EVs with the latest technology in India.
  • They also aim to attract investments from global EV manufacturers, supporting the Make in India initiative.

 

About National Stock Exchange of India Limited (NSE) :

  • It is the country’s premier financial exchange, Established in 1992,
    • it has transformed into a sophisticated, automated, electronic platform providing trading opportunities to investors nationwide.
  • Headquartered in Mumbai.
  • NSE was the first stock exchange in India to introduce electronic trading.
  • This innovation facilitated the integration of investors from all corners of the country onto a unified platform.

 

Share:
Print
Apply What You've Learned.
Previous Post Forever Chemical Discovery Can Aid Drinking Water Treatment
Next Post LignoSat
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x