BSE arm launches 3 new indices. Check details

BSE's wholly-owned subsidiary, Asia Index Private Ltd, on Friday launched three indices namely BSE Sensex Sixty 65: 35, BSE Sensex Sixty and BSE Power and Energy Index.

The indices can be used for benchmarking of PMS strategies, MF Schemes and fund portfolios, a BSE release said, adding that it can also be used for running passive strategies such as ETFs and Index Funds as well as gauging the performance of companies.

Here's what you need to know:

BSE Sensex Sixty 65:35 is a strategy index comprising 60 stocks i.e. constituents of BSE Sensex and BSE Sensex Next 30 in the ratio of 65: 35, respectively. The 60 constituents represent over 55% of the total free float market capitalisation of all listed entities in India. The ratio is designed to give a slightly higher exposure to the Next 30 constituents vis-a-vis the pure free float market capitalisation method.

Source: BSE

BSE Sensex Sixty index comprises the constituents of the BSE Sensex and the BSE Sensex Next 30 in order of their free float market capitalisation. The indices have a base value of 10,000 and the first value date is June 23, 2014. It will be reconstituted semi-annually and rebalanced quarterly. It has a USD variant in BSE Sensex Sixty USD and BSE Sensex Sixty 65:35 USD.

Source: BSE

BSE Power and Energy is a thematic index that will measure the performance of companies that are present in the BSE 500 from energy and utility sectors. The index will reflect the weighted performance of the constituents belonging to the above sectors.

The index has a base value of 1,000, and the first value date is December 31, 2013. The index is reconstituted semi-annually and rebalanced quarterly. The weight of the stocks in the index is based on their free-float market capitalization with the weight of each stock in the index capped at 15%. It has a USD variant namely BSE Power and Energy USD.

Source: BSE

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