Nifty 500 Stocks List — All 500 Constituents

What is the Nifty 500?

The Nifty 500 is a broad-market index of the 500 largest Indian companies listed on the NSE by full market capitalisation, spanning large-caps, mid-caps and small-caps and covering essentially every major industry. It is free-float market-capitalisation weighted and maintained by NSE Indices Limited, and its constituents together account for the large majority of the free-float market value of all NSE-listed stocks. Because of that breadth it is the standard proxy for the total Indian equity market.

How investors use the Nifty 500

The Nifty 500 is used as a total-market benchmark — the reference for multi-cap and flexi-cap funds that invest across the size spectrum, and the yardstick for 'did I beat the whole market?'. Passive investors use Nifty 500 index funds and ETFs to own a broadly diversified slice of Indian equities in a single instrument. It is also a useful breadth tool: comparing how the Nifty 500 moves versus the Nifty 50 shows whether a rally is broad-based or concentrated in the mega-caps.

• Treat it as the total-market benchmark across all cap sizes.
• Compare it against the Nifty 50 to judge market breadth.
• Most of the index weight still sits in the large-caps.
• Good base benchmark for multi-cap and flexi-cap fund comparison.
• For one-instrument diversification, compare Nifty 500 funds on cost.

What to keep in mind

Because these indices are weighted by free-float market capitalisation, the largest few constituents carry a disproportionate share of the index — so the headline level can be driven by a handful of heavyweight names rather than the average stock. Membership is a size-and-liquidity outcome, not a quality rating or an endorsement: a company is included because it is large and heavily traded, not because it is a good investment. The index itself is a number, not something you can buy directly — you gain exposure through an index fund or ETF that tracks it, which carries its own tracking error and expense ratio.

Frequently asked

What is the Nifty 500?

It is the index of the 500 largest NSE-listed companies by market cap, covering large-, mid- and small-caps. It is the broadest Nifty headline index and a proxy for the total Indian market.

Does the Nifty 500 include small-cap stocks?

Yes. Unlike the Nifty 50 or Nifty 100, the Nifty 500 spans the full size spectrum — large-, mid- and small-caps — making it a total-market benchmark.

Is a Nifty 500 fund well diversified?

It holds 500 companies across sectors and sizes, so it is broad, but it is still cap-weighted — the largest names carry the most weight. This is informational only, not investment advice.

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