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MSE
SX40 Index

SX40 Index

SX40 - Index of India

SX40

About SX40

SX40 is the flagship equity index of the Metropolitan Stock Exchange of India (MSE). It is a rules-based, adjusted free-float weighted market capitalization index comprising 40 large-cap, highly liquid companies across India's core economic sectors.

Designed to reflect the organized segment of the Indian economy, SX40 is designed to measure the economic performance with better representation of various industries. The index serves as a robust benchmark for measuring long-term market performance and supports the development of cost-efficient investment and risk management products such as index funds, ETFs, and structured products.

SX40 is the flagship equity index of the Metropolitan Stock Exchange of India (MSE). It is a rules-based, adjusted free-float weighted market capitalization index comprising 40 large-cap, highly liquid companies across India's core economic sectors.

Designed to reflect the organized segment of the Indian economy, SX40 is designed to measure the economic performance with better representation of various industries. The index serves as a robust benchmark for measuring long-term market performance and supports the development of cost-efficient investment and risk management products such as index funds, ETFs, and structured products.

SX40 Objective

Objective

SX40 is designed to function as a transparent and reliable performance benchmark for the Indian equity market while enabling efficient portfolio construction and risk management.

The index aims to benchmark the performance of India's leading large-cap companies, facilitate the creation of passive investment products, provide a scalable and replicable framework for institutional and retail investors, and support long-term investment strategies.

SX40 is designed to function as a transparent and reliable performance benchmark for the Indian equity market while enabling efficient portfolio construction and risk management.

The index aims to benchmark the performance of India's leading large-cap companies, facilitate the creation of passive investment products, provide a scalable and replicable framework for institutional and retail investors, and support long-term investment strategies.

SX40 Key Features

Key Features

  • 40 large-cap constituents selected from highly liquid companies
  • Adjusted free-float methodology aligned with international standards
  • Monthly Index divisor re-balancing to adjust changes in free float of the companies.
  • Semi-annual index reconstitution with corporate action adjustments
  • 40 large-cap constituents selected from highly liquid companies
  • Adjusted free-float methodology aligned with international standards
  • Monthly Index divisor re-balancing to adjust changes in free float of the companies.
  • Semi-annual index reconstitution with corporate action adjustments
Disclaimer

The information provided in this document is intended solely for informational purposes. SX40 and related materials are the intellectual property of the Metropolitan Stock Exchange of India Limited (MSE), except where brand names or logos belong to third parties.

This content does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. While information has been compiled from sources believed to be reliable, MSE makes no warranties regarding accuracy, completeness, or timeliness and disclaims all liability arising from the use of this information.

Historical index performance may include back-tested data prior to index inception. Back-tested performance is hypothetical and does not represent actual performance. SX40 and the SX40 logo are proprietary trademarks of MSE.

Sr. No.SecurityCompany NameWeight
1HDFCBANKHousing Development Finance Corporation Bank11.59%
2ICICIBANKIndustrial Credits & Investment Corp. of India9.54%
3RELIANCEReliance Industries Limited8.69%
4BHARTIARTLBharti Airtel Limited5.56%
5LTLarsen & Tubro Limited4.73%
6SBINState Bank of India4.19%
7INFYInfosys Limited3.89%
8AXISBANKAxis Bank Limited3.87%
9KOTAKBANKKotak Mahindra Bank Limited2.95%
10ITCITC Limited2.73%
11M&MMahindra & Mahindra Limited2.70%
12BAJFINANCEBajaj Finance Limited2.44%
13TCSTata Consultancy Services Limited2.19%
14HINDUNILVRHindustan Unilever Limited1.92%
15SUNPHARMASun Pharmaceutical Industries Limited1.90%
16ETERNALZomato Limited1.75%
17MARUTIMaruti Suzuki India Limited1.74%
18TITANTitan Company Limited1.72%
19NTPCNTPC Limited1.67%
20BSEBombay Stock Exchange1.64%
21TATASTEELTata Steel Limited1.62%
22HINDALCOHindalco Industries Limited1.47%
23BELBharat Electronics Limited1.45%
24SHRIRAMFINShriram Finance Limited1.33%
25ADANIPORTSAdani Ports and Special Economic Zone Limited1.33%
26ULTRACEMCOUltraTech Cement Limited1.31%
27POWERGRIDPower Grid Corporation of India1.28%
28ASIANPAINTAsian Paints Limited1.23%
29HCLTECHHCL Technologies Limited1.16%
30BAJAJ-AUTOBajaj Auto Limited1.11%
31INDIGOInterGlobe Aviation Limited1.06%
32EICHERMOTEicher Motors Limited1.00%
33TRENTTrent Limited0.91%
34TECHMTech Mahindra Limited0.90%
35TMPVTata Motors Passenger Vehicles Limited0.81%
36JIOFINJio Financial Services Limited0.80%
37HALHindustan Aeronautics Limited0.79%
38TVSMOTORTVS Motor Company Limited0.77%
39MAXHEALTHMax Healthcare Institute Limited0.75%
40VEDLVedanta Limited0.52%