Asia Index, a wholly owned subsidiary of BSE, on Thursday 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 the insurance industry.
“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,” Asia Index said in a statement.
Also, it can also be used for benchmarking PMS strategies, mutual fund schemes and fund portfolios.
The index would be reconstituted semi annually in June and December and individual stock weight is capped at 25 per cent.
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