Nifty Small Finance Banks & Microfinance Institutions PE Ratio
Valuation Percentile
Not enough history yet for a percentile.
PE Ratio vs Historical Medians
Not enough history yet for a median comparison.
Historical PE Ratio
Series start. P/E is published from 27 Jul 2026. Index values go back to 31 Mar 2021.
Earnings
Index earnings are the profits behind the index level: the closing value divided by the P/E ratio, in index points. The line moves in steps because it changes only when trailing four-quarter profits are updated or the constituents change. Compare it with price to see whether a move came from earnings or from a change in what investors pay for them.
Earnings growth is annualised from the last trading day at or before the start of each window. Price growth uses the index level over the same two dates, excluding dividends. EPS is undefined on days with no published P/E, so those days are skipped. Past growth, not a forecast.
Performance and risk
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty Small Finance Banks & Microfinance Institutions. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty Small Finance Banks & Microfinance Institutions
The Nifty Small Finance Banks & Microfinance Institutions contains 13 constituents.
Recent changes
11 October 2026: Added Capital Small Finance Bank Ltd., ESAF SMALL FINANCE BANK Ltd., Satin Creditcare Network Ltd..
Constituent list as of 18 October 2026, sourced from NSE Indices. Weights as of 30 September 2026, from the NSE factsheet.
How this index works
- Universe
- • All equity stocks domiciled in India and traded (listed & traded and not listed but permitted to trade) at the National Stock Exchange (NSE) are eligible for inclusion in the index • Minimum listing history of one month • Bottom 20 percentile stocks based on 6 months average daily turnover shall
- Selection
- The Nifty Small Finance Banks & Microfinance Institutions Index aims to track the performance of most liquid small finance banks and microfinance institutions listed on NSE. The weight of each security in the index is based on free float market capitalization subject to a cap of 15%.
- Rebalanced
- Semi-annually
- Weight cap
- The weight of each security in the index is based on free float market capitalization subject to a cap of 15%.
Summarised from NSE's official methodology document (PDF) for the Nifty Small Finance Banks & Microfinance Institutions; the PDF is authoritative.
Stay Updated
Get weekly market insights and valuation updates delivered to your inbox.
Similar Indices
Frequently Asked Questions
How many stocks are in the Nifty Small Finance Banks & Microfinance Institutions?
The Nifty Small Finance Banks & Microfinance Institutions contains 13 stocks. By number of companies, its largest sectors are Financial Services (13 stocks).
What returns has the Nifty Small Finance Banks & Microfinance Institutions delivered?
As of September 2026, the Nifty Small Finance Banks & Microfinance Institutions total return (with dividends reinvested) is +14.37% over the past year and +7.56% annualized over the past five years. One-year figures are absolute; multi-year figures are annualized (CAGR). Data from the NSE factsheet.
How volatile is the Nifty Small Finance Banks & Microfinance Institutions?
Over the year to September 2026, the Nifty Small Finance Banks & Microfinance Institutions had an annualized volatility (standard deviation of daily returns) of 24.75%. Its beta versus the Nifty 50 is 1.22, meaning it has moved more than the broad market.
How often is the Nifty Small Finance Banks & Microfinance Institutions rebalanced?
The Nifty Small Finance Banks & Microfinance Institutions is rebalanced semi-annually. Details are in the official NSE methodology document.
Last updated: 16 October 2026.