Nifty 500 Stocks List 2026 — India’s Broadest Market Index Explained

Wed Apr 01 2026

India’s stock market is far more than the 50 blue-chips most investors track. The Nifty 500 stocks list captures the true breadth of the NSE — 500 companies spanning large, mid, and small-cap segments, collectively representing approximately 92% of the NSE’s total free-float market capitalisation as of 2026.

If you want a complete picture of where the Indian economy is headed — from Reliance and TCS at the top to emerging mid-caps and promising small-caps — the Nifty 500 is the index to study. It is also the universe from which all other NSE sectoral and thematic indices draw their constituents.

This article covers the complete Nifty 500 stocks list, its three-segment breakdown (large, mid, small), sector weights, and how to invest in it.

Table of Contents

What is the Nifty 500 Index?

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The Nifty 500 is a broad market index launched by NSE Indices Limited on January 1, 1995, with a base index value of 1,000. It is calculated using the free-float market capitalisation method and covers approximately 92.1% of the total free-float market cap of all NSE-listed companies.

The index is divided into three size segments: the top 100 stocks (large-cap, included in Nifty 100), stocks ranked 101–250 (mid-cap), and stocks ranked 251–500 (small-cap). This three-tier structure makes the Nifty 500 the most comprehensive equity benchmark in India.

Nifty 500 — Segment Breakdown

Segment	Rank Range	Cap Category	Index Coverage	Example Stocks
Large Cap	1–100	Large-Cap	70% of Nifty 500 wt.	Reliance, HDFC Bank, TCS
Mid Cap	101–250	Mid-Cap	20% of Nifty 500 wt.	Persistent, Zomato, IndiGo
Small Cap	251–500	Small-Cap	10% of Nifty 500 wt.	KSB, KPIT, Aavas Finance

Approximate weights — actual weights vary with market prices. Source: NSE Indices Limited, April 2026.

Nifty 500 breakdown — 500 NSE stocks, 92% market cap coverage, semi-annual review, Rs.4.9 Tn AUM in passive funds tracking it.

Nifty 500 Sector Weights — Top Sectors

The Nifty 500’s sector composition gives you a near-complete view of the Indian economy. Financial Services is the largest sector, followed by IT, Energy, Consumer Goods, and Industrials.

Financial Services: 32–35% (banks, NBFCs, insurance, AMCs, exchanges)
Information Technology: 12–14% (TCS, Infosys, HCL Tech, Wipro, Persistent, Coforge)
Oil, Gas & Energy: 10–12% (Reliance, ONGC, BPCL, Adani Green, NTPC, Tata Power)
Consumer Goods / FMCG: 8–10% (HUL, ITC, Nestle, Asian Paints, Pidilite)
Automobile & Components: 6–8% (Maruti, M&M, Bajaj Auto, TVS, Eicher, Bosch)
Healthcare & Pharma: 5–7% (Sun Pharma, Dr Reddy’s, Cipla, Divi’s, Lupin)
Capital Goods & Infrastructure: 5–7% (L&T, Siemens, ABB, BEL, HAL)
Metals & Mining: 3–5% (Tata Steel, JSW Steel, Hindalco, Vedanta, SAIL)

Nifty 500 Eligibility Criteria

Not every NSE-listed company makes it into the Nifty 500. NSE Indices Limited applies the following filters during the semi-annual review:

The company must be listed on NSE and domiciled in India
Minimum trading frequency of 90% over the previous six months
Average impact cost of less than 1% over the previous six months (liquidity filter)
Must rank in the top 800 by both 6-month average market cap and average daily turnover
Minimum listing history of 1 month as of the cut-off date
The index is reviewed semi-annually, with cut-off dates of January 31 and July 31

How to Invest in the Nifty 500?

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Investing in the entire Nifty 500 basket is not practical for most retail investors. The two best routes are:

Nifty 500 Index Funds — AMCs like Motilal Oswal and Nippon India offer Nifty 500 index funds with low TERs (0.10–0.25%). These are passive funds that replicate the index.
Nifty 500 ETFs — ETFs tracking the Nifty 500 are listed on NSE. Buy them like any stock via your demat account. Typical expense ratio is below 0.20%.
Selective Stock Picking — Use the Nifty 500 as your investable universe, then screen for quality using ROCE, D/E, and earnings growth filters on the Univest Screener.

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FAQs — Nifty 500 Stocks List

How many stocks are in the Nifty 500?

Exactly 500 stocks are included in the Nifty 500 index at any given time. These 500 NSE-listed companies are selected based on free-float market capitalisation, liquidity, and trading frequency. The index is reviewed and rebalanced semi-annually to reflect changes in market conditions.

What percentage of NSE does the Nifty 500 cover?

The Nifty 500 covers approximately 92.1% of the free-float market capitalisation of all companies listed on the National Stock Exchange. This makes it the broadest and most representative equity index in India, capturing large, mid, and small-cap companies across all major sectors.

What is the difference between Nifty 50 and Nifty 500?

The Nifty 50 tracks only the top 50 companies by market cap on NSE, covering roughly 54% of total free-float market cap. The Nifty 500 includes 500 companies across large, mid, and small-cap segments, covering 92% of NSE float. The Nifty 500 is the broader, more diversified index. The Nifty 50 is the higher-quality, lower-volatility benchmark.

Is the Nifty 500 the same as BSE 500?

No. The Nifty 500 tracks the top 500 NSE-listed companies, while the BSE 500 (S&P BSE 500) tracks the top 500 companies listed on the Bombay Stock Exchange. While there is significant overlap in constituents, the indices are maintained by different exchange subsidiaries (NSE Indices Limited vs BSE Indices Ltd) and may differ in composition and weightage.

When is the Nifty 500 next rebalanced?

The Nifty 500 is reviewed semi-annually. Cut-off dates for review are January 31 and July 31 each year. The rebalanced index typically takes effect in March and September respectively. NSE Indices Limited publishes the updated composition on nseindia.com and also provides prior notice of additions and deletions.

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Disclaimer: Investments in securities are subject to market risk. Please read all related documents carefully before investing. This content is for educational purposes only and does not constitute investment advice or stock recommendations. Past performance is not indicative of future returns. Consult a SEBI-registered financial advisor before making investment decisions.