Amidst the growing reach of index-based investment products in the Indian capital market, Kusumgar Ltd is being included in the Nifty IPO Index. This change will be effective from July 21, 2026, and will be implemented after the market closes on July 20, 2026.
Highlights
- Kusumgar Ltd will be included in the Nifty IPO Index from July 21, 2026, with the revision implemented after the market closes on July 20, 2026.
- No company is being removed from the index in this change; the revision will remain limited to the inclusion of Kusumgar Ltd only.
- Investment products such as derivatives, index funds, and ETFs based on Nifty indices are traded on NSE and NSE IFSC, so the inclusion may have a market impact.
This article was translated from the original. Read the original version by our correspondent here.
Index Change Timeline
According to NSE India, NSE Indices Limited's Index Maintenance Sub-Committee (Equity) has decided to include Kusumgar Ltd in the Nifty IPO Index. This inclusion will be effective from July 21, 2026, and will be considered implemented after the market closes on July 20, 2026.No company is being removed from the index as part of this change. That is, this revision is limited only to the inclusion of Kusumgar Ltd.
Significance for Market and Investment Products
NSE Indices Limited, a subsidiary of NSE, owns and manages various indices under the Nifty brand for the capital market. The company's index portfolio includes broad benchmarks, sectoral, strategy, thematic, and customized equity indices.The company also maintains fixed income indices based on government securities, corporate bonds, money market instruments, and hybrid categories. Several investment products based on Nifty indices have been developed in India and abroad, including derivatives, index funds, and exchange-traded funds traded on NSE and NSE International Exchange IFSC Limited.
Our previous report highlighted the changes to Nifty Fixed Income indices by NSE Indices Limited effective from July 20, 2026, including the decision to add two Rajasthan-linked securities to separate Nifty bond and SDL indices, along with their ISINs and maturity dates, and the potential impact such as increased visibility and weight for passive/benchmark-based investors.
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