Aug 20: BSE Index Services Pvt. Ltd., a wholly owned subsidiary of BSE, announced the launch of Growth Factor Indices comprising three indices: BSE 500 Growth 50 Index, BSE MidCap 150 Growth 30 Index & BSE LargeCap 100 Growth 30 Index. These indices are designed to provide systematic exposure to companies with strong fundamental growth characteristics across market segments.
The launch further strengthens BSE’s factor index family, which spans Momentum, Quality, Enhanced Value, Low Volatility, Multi-Factor, and Growth strategies, providing market participants with a broader range of rules-based index solutions.
These 3 Growth Indices have a base value of 1000, first value date is 23rd June 2008, and are reconstituted Quarterly in March, June, September & December.
The indices launched today include:
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Index |
Feature |
Details |
|
BSE 500 Growth 50 |
The Index measures the performance of 50 companies in the BSE 500 Index that exhibit growth style characteristics as measured by EPS growth and Sales per share growth. Stock level weight cap of 4% |
Click here to know more about the index |
|
BSE MidCap 150 Growth 30 |
The Index measures the performance of 30 companies in the BSE 150 MidCap Index that exhibit growth style characteristics as measured by EPS growth and Sales per share growth. |
Click here to know more about the index |
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Stock level weight cap of 5% |
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BSE LargeCap 100 Growth 30 |
The Index measures the performance of the 30 companies in the BSE 100 LargeCap TMC Index that exhibit growth style characteristics as measured by EPS growth and Sales per share growth. Stock level weight cap of 5% |
Click here to know more about the index |
Mr. Ashutosh Singh, MD & CEO of BSE Index Services Pvt. Ltd., highlighted the significance of these indices, stating,
“We are pleased to introduce three BSE Growth Indices, a new factor strategy designed to capture companies demonstrating strong business growth across large-cap, mid-cap and broader market segments. These indices combine growth-oriented company selection with appropriate stock-level capping, providing diversified exposure to businesses that have demonstrated strong earnings and sales growth characteristics. As a pioneering growth-focused index suite for the Indian market, these indices offer a transparent and rules-based framework that can help asset managers create differentiated investment products aligned with the country's long-term growth story.”
This new index can be used for running passive strategies such as ETFs and Index Funds. It can also be used for benchmarking of PMS strategies, MF schemes and fund portfolio. 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.
