India Index Services & Products (IISL), an NSE group company, has announced the rebranding of all the existing IISL indices, including CNX Nifty, CNX 100, CNX 200, CNX 500, CNX Mid-cap and CNX Small-cap.All IISL indices will include 'Nifty' in the name, as Nifty has become a strong brand name among investors tracking Indian capital markets, the exchange said . NSE's flagship CNX Nifty Index, for instance, will be rebranded as Nifty 50. The rebranding of IISL's indices will be effective November 9, 2015.
"Over the years, Nifty 50 has become synonymous with Indian equity market both domestically and internationally. Inclusion of Nifty in the name of IISL's indices will enhance the acceptability of products linked to Nifty family worldwide," said Chitra Ramkrishna, managing director and CEO, NSE.Nifty 50 options traded on NSE are the largest traded contract globally in equity index options category. In addition to the NSE, Nifty derivatives are also traded on Singapore Exchange, Chicago Mercantile Exchange and Osaka Exchange. Total ETF AUM (assets under management) tracking Nifty family of indices globally (domestic and international) is $2,240 million.