Exclude Specific Segment from Index Fund

I want to start SIP based investment in Index fund , but want to exclude few segments like banking, alcohol, etc
Can I customize any Index fund in such manner?

No, you can’t customize an index fund.

Rather you will have to look for a fund which do not have such stocks (Shariah compliant index based funds) OR build a smallcase for your own (which will be very tedious and expensive to maintain)

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Nippon India has Shariah BeeS ETF which includes index heavy weights except banking and alcohol.
Check this out.

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how many alcohol companies are there in the Index fund?

Depends on which index you are looking at :slight_smile:

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