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Written by Rap Research Team
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Saturday, 05 March 2011 13:58 |
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The CNX FMCG Index is a 15 stock Index from the FMCG sector that trade on the National Stock Exchange. CNX FMCG Index was computed using market capitalization weighted method from the launch date (January 01, 2001) till October 08, 2010. After that CNX FMCG Index was reconstituted using free float market capitalization weighted method with effect from October 11, 2010.
The initial base period right from the period of its inception was the month of December 1995, and the base value was set at 1000.
Selection of the company to be included in the index is as follows:
1. Company's market capitalization rank in the universe should be less than 500.
2. Company's trading frequency should be at least 90% in the last six months.
3. Company should have a minimum track record of 3 years of operations with a positive net worth.
4. A company which comes out with an IPO will be eligible for inclusion in the index, if it fulfills the normal eligibility criteria for the index for a 3 month period instead of a 6 month period. 
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