About Nifty Non-Cyclical Index Fund:
- It is a type of mutual fund that aims to generate long-term capital growth by investing in securities of the Nifty Non-Cyclical Consumer Index (TRI).
- This index contains 30 companies that are not majorly impacted by economic instability and are in regular demand, making them a good investment option during economic downturns.
- Non-cyclical stocks are also known as defensive stocks; these stocks outperform their industry in the stock market despiteeconomic instability.
- They are not affected by cyclical changes and are in constant demand due to the everyday needs of consumers, such as food, water, and other utilities.
Key Facts about NIFTY:
- NIFTY is a market index introduced by the National Stock Exchange (NSE),India’s largest stock exchange.
- It is a blended word: National Stock Exchange and Fifty coined by the NSE.
- Nifty was established in 1996 with the name CNX Nifty. Further, in 2015, it was renamed Nifty 50.
- NIFTY 50 is a benchmark-based index and also the flagship of NSE.
- It represents the performance of the 50 largestand most actively traded stocks listed on the NSE.
- It includes stocks of companies from 12 sectors, such as financial services, information technology, consumer goods, metals, pharmaceuticals, energy, etc, and collectively represents the stock market and economic trends of India.
- NSE ranks companies based on free-float market capitalisation.
It is one of the two main stock market indices in India, the other being SENSEX, a product of the Bombay Stock Exchange (BSE).
Q1: What are Mutual funds?
Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. They’re managed by professional fund managers or management teams who make investment decisions based on the fund’s objectives.
Source: Groww Mutual Fund launches Nifty Non-Cyclical Consumer Index Fund
Last updated on July, 2025
→ UPSC Notification 2025 was released on 22nd January 2025.
→ UPSC Prelims Result 2025 is out now for the CSE held on 25 May 2025.
→ UPSC Prelims Question Paper 2025 and Unofficial Prelims Answer Key 2025 are available now.
→ UPSC Calendar 2026 is released on 15th May, 2025.
→ The UPSC Vacancy 2025 were released 1129, out of which 979 were for UPSC CSE and remaining 150 are for UPSC IFoS.
→ UPSC Mains 2025 will be conducted on 22nd August 2025.
→ UPSC Prelims 2026 will be conducted on 24th May, 2026 & UPSC Mains 2026 will be conducted on 21st August 2026.
→ The UPSC Selection Process is of 3 stages-Prelims, Mains and Interview.
→ UPSC Result 2024 is released with latest UPSC Marksheet 2024. Check Now!
→ UPSC Toppers List 2024 is released now. Shakti Dubey is UPSC AIR 1 2024 Topper.
→ Also check Best IAS Coaching in Delhi