Nifty500 Low Volatility 50 stocks list
NSEStrategy50 companies
- P/EPrice to earnings of an index. The index's P/E as the exchange publishes it with the close: its members' market value divided by their profit over the last twelve months, each member counted as the index weighs it. Price to earnings of an index: how it is worked out
- 20.72
- P/BPrice to book of an index. The index's P/B as the exchange publishes it: its members' market value divided by their net worth, the assets they own less everything they owe.
- 3.43
- Dividend yieldDividend yield of an index. The index's dividend yield as the exchange publishes it: dividends its members paid over the last twelve months as a percentage of their market value.
- 1.91%
- 1MOne-month return of an index. The latest close against the close a month earlier, on the same date or the last trading day before it, as a percentage. One-month return of an index in the glossary
- −1.29%
- 3MThree-month return of an index. The latest close against the close three months earlier, on the same date or the last trading day before it, as a percentage. Three-month return of an index in the glossary
- −6.61%
- 1YOne-year return of an index. The latest close against the close a year earlier, on the same date or the last trading day before it, as a percentage. One-year return of an index in the glossary
- −8.44%
P/E against its own past
Where today's P/E sits among every trading day of each window: the dot is today, the tick the middle day.
At or below today's level on 7% of 247 trading days over the last 1 year.
P/E at each month's last trading day, and on 28 Oct 2026
What the Nifty500 Low Volatility 50 companies earned
Revenue against the same quarter a year earlier, over today's members that filed both; profit after tax added up over the members that filed the quarter. A quarter fewer than 60% of them filed is left out, and the newest is added once nearly as many have filed it as the one before.
- Revenue growthRevenue growth, against a year earlier. Revenue of the quarter to Jun 2026 against the same quarter a year earlier, added up over the 44 companies that filed both.
- +16.7%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 50 companies that filed it; a loss counts as negative.
- ₹1,26,182 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 50 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 50of 50
- Median ROCEMedian return on capital employed. The middle figure of the 40 companies' ROCE for the year to Mar 2026, half above and half below. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them.
- 17.0%year to Mar 2026
Revenue against the same quarter a year earlier, per cent
Profit after tax, ₹ crore, added up over the companies that filed
The largest companies
The 12 largest companies in the Nifty500 Low Volatility 50, each sized by its market cap.
Market cap, ₹ crore
- Bharti Airtel₹12,15,839 Cr
- Tata Consultancy Services₹8,90,050 Cr
- State Bank of India₹8,83,200 Cr
- Life Insurance Corporation of India₹4,95,184 Cr
- Sun Pharmaceutical Industries₹4,21,683 Cr
- Maruti Suzuki India₹3,64,047 Cr
- UltraTech Cement₹3,27,212 Cr
- NTPC₹2,94,536 Cr
- Bajaj Auto₹2,88,132 Cr
- Oil & Natural Gas Corporation₹2,82,918 Cr
- Divi's Laboratories₹2,53,748 Cr
- Coal India₹2,41,579 Cr
Companies in the Nifty500 Low Volatility 50
Largest first, by market cap.
State Bank of IndiaSBIN · Banks₹956.80+1.24%₹8,83,200 Cr10.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.81%+2.9%
Life Insurance Corporation of IndiaLICI · Insurance₹391.45+0.97%₹4,95,184 Cr8.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.55%−13.0%
Sun Pharmaceutical IndustriesSUNPHARMA · Pharmaceuticals & Biotechnology₹1,757.50+0.36%₹4,21,683 Cr34.9016.9%0.91%+4.2%
UltraTech CementULTRACEMCO · Cement & Cement Products₹11,104.00−0.41%₹3,27,212 Cr37.2012.7%2.16%−6.9%
Divi's LaboratoriesDIVISLAB · Pharmaceuticals & Biotechnology₹9,558.50+0.56%₹2,53,748 Cr86.8020.8%0.31%+48.5%
Torrent PharmaceuticalsTORNTPHARM · Pharmaceuticals & Biotechnology₹4,557.00−1.47%₹1,73,334 Cr81.6012.0%0.83%+27.4%
Pidilite IndustriesPIDILITIND · Chemicals & Petrochemicals₹1,389.60−4.17%₹1,41,536 Cr52.7029.6%0.83%−6.9%
Zydus LifesciencesZYDUSLIFE · Pharmaceuticals & Biotechnology₹1,175.50+0.22%₹1,17,257 Cr26.0015.9%0.09%+17.4%
Apollo Hospitals EnterpriseAPOLLOHOSP · Healthcare Services₹8,137.00+4.43%₹1,16,998 Cr56.0019.9%0.25%+3.3%
HDFC Life Insurance CompanyHDFCLIFE · Insurance₹514.10+0.10%₹1,11,693 Cr54.50Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.41%−31.2%
Dr. Reddy's LaboratoriesDRREDDY · Pharmaceuticals & Biotechnology₹1,335.40+1.94%₹1,11,463 Cr39.806.0%0.60%+3.6%
The Federal BankFEDERALBNK · Banks₹346.00+1.29%₹85,555 Cr16.50Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.35%+46.7%
ICICI Lombard General Insurance CompanyICICIGI · Insurance₹1,583.80+0.48%₹79,129 Cr31.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.88%−21.6%
Bajaj Housing FinanceBAJAJHFL · Finance₹77.48−0.21%₹64,559 Cr23.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−28.9%
ICICI Life InsuranceICICILIFE · Insurance₹412.00+0.60%₹59,791 Cr34.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.40%−31.4%
SBI Cards and Payment ServicesSBICARD · Finance₹527.55−0.09%₹50,204 Cr19.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.47%−41.8%
Indian Railway Catering and Tourism CorporationIRCTC · Leisure Services₹442.70−1.45%₹35,416 Cr25.4037.3%2.03%−38.7%
Star Health and Allied Insurance CompanySTARHEALTH · Insurance₹519.25−5.03%₹30,564 Cr29.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None+5.0%
Funds that follow the Nifty500 Low Volatility 50
2 index funds and ETFs track the Nifty500 Low Volatility 50.
Nippon India Nifty 500 Low Volatility 50 Index FundIndex Fund · Nippon India Mutual FundNAV₹10.19361Y−8.16%3Y–5Y–Size₹28 CrCost0.63%
Groww Nifty 500 Low Volatility 50 ETFETF · Groww Mutual FundNAV₹9.85441Y−7.92%3Y–5Y–Size₹4 CrCost0.52%
About the Nifty500 Low Volatility 50
The Nifty500 Low Volatility 50 is an index of the 50 companies from the Nifty 500 whose prices varied least over the previous year, measured by the standard deviation of their price returns (how widely the returns spread around their average). It is maintained by NSE Indices Limited.
How companies are chosen
The universe is the stocks that are, or are about to become, members of the Nifty 500 at the time of review. A stock needs a listing history of at least 1 year. A stock not available for trading in the futures and options segment and not already in the index is excluded if, in the past 6 months to the cut-off date, it hit the upper or lower price circuit (the day's price limit) on 20% or more of the trading days. A stock that hits both circuits on one day counts as two instances.
Companies with more than 20% of promoters' shares pledged are excluded. So are the bottom 10 percentile of stocks by 6-month average daily turnover, and the bottom 10 percentile by turnover ratio, within the universe.
Volatility is computed for each eligible stock from 1 year of trailing prices adjusted for corporate actions. Low volatility is the inverse of the standard deviation of the previous 1-year log returns, and the 50 stocks ranked highest on it are selected.
How it is weighted
A stock's weight is its free-float market capitalization (the value of the shares that can actually trade) multiplied by its low volatility score. The score starts from a Z score, (x - μ)/σ, where x is the stock's low volatility, μ the mean and σ the standard deviation of low volatility across the eligible universe. The score is 1 plus the Z score where the average Z score is above 0, and 1 divided by (1 minus the Z score) where it is below 0.
Each stock is capped at the lower of 5% or 5 times its weight based on free-float market capitalization alone. The cap is applied at each reconstitution, and weights drift with prices in between.
When it is reviewed
The index is rebalanced and reconstituted twice a year, in Jun and Dec, using six months of data ending on 31 May and 30 Nov. Four weeks' notice is given to the market. A current member stays if it ranks within the top 75 on low volatility score, and is removed if it ranks beyond 75. The 25 highest-ranked non-members come in, replacing the lowest-ranked members.
A stock that leaves the Nifty 500 leaves this index at the next review. An extra review is triggered if a member is removed from the Nifty 500 through a corporate action such as a scheme of arrangement or delisting, or is suspended by the exchange. Each quarter the index is also screened against SEBI's portfolio concentration norms for ETFs and index funds, announced on 10 Jan 2019.
Base date and value
The base date is 1 Apr 2005 and the base value is 1000. The index was launched on 20 Dec 2024.
- Published by
- NSE
- Kind
- Strategy
- CompaniesCompanies in an index. How many companies the index holds on its current list, which the exchange revises from time to time. Companies in an index in the glossary
- 50
- List last changed
- 27 Oct 2026
- Above 200-day averageMembers above their 200-day average. The share of the index's members whose latest close is above their own average close of the last 200 trading days; members listed too recently to have one are left out. Members above their 200-day average in the glossary
- 12 of 50
Strategy indices
Others in this group, the most used as a fund's benchmark first.All
Nifty500 Multicap Momentum Quality 5050 companiesP/E 27.59- Nifty500 Quality 5050 companiesP/E 24.06
BSE 500 Dividend Leaders 5050 companiesP/E 11.06- BSE 500 Momentum 5050 companiesP/E 28.44
- BSE 500 Quality 5050 companiesP/E 24.98
Nifty Dividend Opportunities 5050 companiesP/E 12.35
Nifty Growth Sectors 1515 companiesP/E 25.24
Nifty Smallcap250 Quality 5050 companiesP/E 22.76- Nifty500 Equal Weight500 companiesP/E 25.12
- BSE 1000 MultiCap Equal Size Weighted (25%)1,003 companiesP/E 24.78