NSE launches Nifty500 Ahimsa Index to track companies aligned with nonviolence principles

NSE has launched the Nifty500 Ahimsa Index in collaboration with the Ahimsagain Foundation to track companies aligned with nonviolence principles. Constituents are drawn from the Nifty 500 universe and screened using the foundation's Ahimsa Investment Movement framework, with only companies classified as Green eligible for inclusion. The index has a base date of April 1, 2016, a base value of 1,000, semi-annual reconstitution, and free-float market capitalisation based weighting, and is expected to serve as a benchmark for ETFs and other passive products.