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NSE Indices Limited launched the Nifty500 Ahimsa Index on 10 July 2026, in partnership with the Ahimsa Foundation.
It is India's first rules-based equity index screening companies for freedom from animal cruelty, tracking 326 companies from the Nifty 500.
Only companies rated 'Green' under the Ahimsa Investment Movement (AIM) framework qualify; sectors like meat, dairy, leather and animal-tested cosmetics are excluded.
The index also excludes commercial banks, major NBFCs and most Reliance Group entities, and is meant to underpin future ETFs and index funds.
The AIM framework screens listed companies on whether their products, services and business operations align with ahimsa (non-violence), particularly toward animals, sorting them into Green, Orange or Red bands. It extends the logic of ESG (Environmental, Social, Governance) investing by adding animal welfare as an explicit screening criterion.
Simple Analogy: Like a traffic-light rating for a company's animal-welfare footprint — only 'Green light' companies make it into the index.
General Awareness > Capital Markets, Indices
GS Paper III > Indian Economy, Financial Markets
The principle of non-violence, applied here to a company's treatment of and impact on animals
A company's market value calculated using only shares available for public trading, excluding promoter/locked-in holdings