About Nifty India Defence The Nifty India Defence Index is designed to reflect the performance of companies involved in the defence sector in India. It includes stocks from industries such as defence, aerospace, explosives, and shipbuilding, or those deriving at least 10% of their revenue from defence-related activities. Constituents are selected based on their six-month average free-float market capitalization, with individual stock weights capped at 20%. The index serves as a benchmark for investors and can be used for creating index funds, exchange-traded funds (ETFs), and structured products.
