BSE Index Services Pvt. Ltd., a wholly owned subsidiary of BSE, has announced the launch of India's first Saatvik Index, the BSE Saatvik 100. This new index is derived from the constituents of the BSE 500 Index that align with Saatvik principles, offering a unique blend of ethical, cultural, and philosophy-driven investment criteria.
Key Features of the BSE Saatvik 100 Index
The BSE Saatvik 100 Index has a base value of 1000, with the first value date set as June 20, 2005. The index will be reconstituted semi-annually in June and December, ensuring it remains aligned with Saatvik principles over time.
Statement from BSE Index Services Leadership
Speaking at the launch, Mr. Ashutosh Singh, MD & CEO of BSE Index Services Pvt. Ltd., stated, 'The launch of the BSE Saatvik 100 Index marks an important step in broadening the range of thematic indices available to investors seeking alignment between their investment decisions and value-based principles. As capital markets continue to evolve, investor preferences are increasingly extending beyond traditional financial metrics to include ethical, cultural and philosophy-driven considerations. The Index represents a distinctive addition to India's indexing landscape and provides market participants with a credible foundation for the development of passive, structured and other investment products aligned with this philosophy.'
Applications and Benefits
This new index can be utilized for running passive strategies such as ETFs and Index Funds. It is also suitable for benchmarking Portfolio Management Services (PMS) strategies, mutual fund schemes, and fund portfolios. Investors can now access a broader spectrum of market opportunities, enriching their investment strategies with this latest addition to BSE's suite of indices.
About BSE Index Services Pvt. Ltd.
BSE Index Services Pvt. 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. The company aims to provide a full array of indices to global and domestic investors, calculating, publishing, and maintaining 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. It has played 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 and is considered a barometer for the growth of the Indian Economy. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds, and stock lending and borrowing.
