About Nifty India Select 5 Corporate Groups The Nifty India Select 5 Corporate Groups (MAATR) Index tracks the performance of companies from the Nifty 500 Index that belong to the Mahindra, Aditya Birla, Adani, Tata, and Reliance corporate groups. The index includes all eligible stocks from these groups, with each stock's weight based on free-float market capitalization. The weight of each corporate group is capped at 23%, and the weight of each stock is capped at 15%. The index has a base date of April 1, 2005, with a base value of 1000, and is reconstituted and rebalanced quarterly. It serves as a benchmark for asset managers and a reference index for passive funds, such as Exchange Traded Funds (ETFs), index funds, and structured products.
