Business Economy


BSE Index Services launches BSE India Defence Index

Hyderabad, Aug 13 (UNI) 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, a release said.
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 June 19, 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 the Defence sector in India. It can also be used for benchmarking 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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