Asia Index Pvt. Ltd. launches BSE Insurance Index
Asia Index Pvt. Ltd., a wholly owned subsidiary of BSE, today announced the launch of a new index - BSE Insurance.
The BSE Insurance Index is derived from the constituents of BSE 1000 Index that are classified under Insurance Industry. The Index is weighted on Free Float - Adj. Market Cap & individual stock weight is capped at 25%.
The index has a base value of 1000, and the first value date is 18th June 2018. It is reconstituted Semiannually in June and December.
This new index can be used for running passive strategies such as ETFs and Index Funds as well as gauging the performance of various sectors 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.
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