BSE Index Services Pvt. Ltd., a wholly owned subsidiary of BSE, today announced the launch of a new index – BSE India Defence. The BSE India Defence index aims to track the performance of those stocks representing the Defence theme. Stocks forming the part of specific basic industries and/or their association with Defence will be included in the index.
The BSE India Defence Index is derived from the constituents of BSE 1000 Index, weighing method is Capped Free Float – Adj. Market Cap with the base value as 1000. The first value date is 19th June 2017, and it is reconstituted Semi-annually in June and December.
Speaking at the launch, Mr. Ashutosh Singh, MD & CEO said, “The defence sector in India is undergoing a transformative phase, driven by policy reforms, increased budgetary allocations, and a rising emphasis on indigenous manufacturing. The BSE India Defence Index offers investors a transparent, rules-based, and investable benchmark to capture this growth story. This index will not only serve as a barometer for the sector’s performance but also pave the way for new investment products and portfolio diversification opportunities.”
This new index can be used for running passive strategies such as ETFs and Index Funds as well as gauging the performance of Defence sector in India. It can also be used for benchmarking of PMS strategies, MF schemes and fund portfolios. Investors can now access a broader spectrum of market opportunities, further enriching their investment strategies with this latest addition to BSE’s suite of indices.
About BSE INDEX SERVICES PRIVATE LIMITED:
BSE Index Services Private Ltd (formerly Asia Index Pvt. Ltd.) is a wholly owned subsidiary of BSE Ltd, Asia’s oldest stock exchange and home to the iconic SENSEX index – a leading indicator of Indian equity market performance. BSE Index Services Pvt. Ltd aims to provide a full array of indices to global / domestic investors and calculates, publishes, and maintains a diverse family of indices.
About BSE:
BSE is Asia’s oldest exchange and the world’s largest exchange in terms of the number of listed companies. BSE has been playing a prominent role in developing the Indian capital market and has successfully offered an efficient capital raising platform to many companies in India. The benchmark index of BSE, Sensex, is tracked by investors across the globe is also considered as a barometer for the growth of Indian Economy. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds, stock lending and borrowing.
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