RESEARCH PROTOTYPE
India Capital Markets Titans 40 Index ©
A research-led benchmark tracking India-listed capital-markets businesses across exchanges, depositories, asset managers, wealth platforms, brokers, ratings agencies and market infrastructure.
This index is provided solely for research purposes and is not an investible index or investment recommendation.
Market Cap Weighted · as of 11 Sept 2026
Why This Index?
India’s capital-markets ecosystem has become one of the fastest-growing parts of the listed market. Exchanges, depositories, registrars, asset managers, wealth platforms, brokers and ratings agencies now form a deep investable universe that deserves a transparent way to measure its performance.
The India Capital Markets Titans 40 Index tracks 40 of these businesses. Established names form the 2022 base and later listings enter at scheduled quarterly reviews, while four weighting lenses reveal the effects of scale, breadth, concentration control and investible float.
Period return
+172.37%
1,000.00 → 2,723.67
Period high / low
2,827.70
Low 741.70
Volatility (ann.)
23.0%
1163 trading days
Max drawdown
-30.34%
Peak-to-trough in window
1-year return
+19.48%
Vol 23.2%
Constituents
38
26 at base · 12 additions
Market Cap Weighted index level
03 Jan 2022 → 11 Sept 2026 · base 1,000 on 03 Jan 2022
Top 10 weights
Market Cap Weighted · current workbook weights
Calendar-year returns
Price returns by index version
Interested in FinIndexLab?
For research collaborations, to invent an index nobody knew it needed, or simply to discuss capital markets over coffee, connect with Vivek Yadav, CFA, CAIA.