Nifty Financial Services EX-Bank: relative strength and momentum
Industry. Compared with Nifty 500 TRI.
As of 2026-10-23, Nifty Financial Services EX-Bank has an ArthaNiti relative-strength score of 42 out of 100 (neutral) against Nifty 500 TRI, in the Falling behind phase (losing ground, and faster); the score moved -19 points in four weeks. Returns use ETF NAV.
1 week−5.2%
1 month−7.1%
3 months−11.1%
6 months−8.3%
1 year−6.9%
3 years, a year−69.1%
5 years, a year–
Volatility, 1 year21.1%
Worst fall, 1 year−16.3%
Above 200-day averageNo
What is inside Nifty Financial Services EX-Bank: holdings and weights
Nifty Financial Services EX-Bank holds 30 stocks; the top 10 make up 64% of the index. 13% of its stocks trade above their 200-day average.
- 4 of 30 stocks (13%) are above their 200-day average — weak participation.
- Top 10 stocks are 64% of the index; half the weight sits in 7 stocks.
- Biggest 1-month driver: ICICI Lombard General Insurance Company Ltd. (+7.6%).
| Stock | Industry | Weight | 3 months | Momentum score |
|---|---|---|---|---|
| BAJFINANCE Bajaj Finance Ltd. | Financial Services | 15.82% | −10.7% | 51 |
| SHRIRAMFIN Shriram Finance Ltd. | Financial Services | 8.32% | −15.7% | 52 |
| BSE BSE Ltd. | Financial Services | 7.63% | −9.7% | 62 |
| BAJAJFINSV Bajaj Finserv Ltd. | Financial Services | 6.08% | −12.4% | 36 |
| MCX Multi Commodity Exchange of India Ltd. | Financial Services | 5.09% | +9.7% | 78 |
| SBILIFE SBI Life Insurance Company Ltd. | Financial Services | 4.61% | −11.5% | 40 |
| PAYTM One 97 Communications Ltd. | Financial Services | 4.36% | +28.6% | 80 |
| JIOFIN Jio Financial Services Ltd. | Financial Services | 4.30% | −12.1% | 26 |
| CHOLAFIN Cholamandalam Investment and Finance Company Ltd. | Financial Services | 4.24% | −14.8% | 44 |
| HDFCLIFE HDFC Life Insurance Company Ltd. | Financial Services | 3.39% | −4.9% | 33 |
ETFs that track Nifty Financial Services EX-Bank
| ETF | NSE symbol | Expense ratio | Tracking diff, 1 yr | AUM |
|---|---|---|---|---|
| ICICI Prudential Nifty Financial Services Ex-Bank ETF | FINIETF | 0.21% | -0.18% | ₹198 Cr |
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