BSE Premium Consumption Index Launched by Asia Index
By Rediff Money Desk, New Delhi Oct 17, 2024 17:03
Asia Index launches BSE Premium Consumption Index, providing investors with an opportunity to capitalize on the growing premium consumption market in India. The index tracks companies with high free-float market capitalization from the BSE 500 Index.
New Delhi, Oct 17 (PTI) Asia Index, a subsidiary of BSE, on Thursday said it has launched a new thematic index -- BSE Premium Consumption -- which will provide investors an opportunity to tap into the future of consumption in the country.
The new index measures the performance of companies selected from the relevant industries that broadly have an association with premium spends, selected based on free-float market capitalisation from the BSE 500 Index.
"We believe the launch of the BSE Premium Consumption Index is perfectly timed as India's evolving consumer landscape reflects a shift towards premiumisation, driven by growing disposable incomes, an increasing demand for high-quality lifestyle and wellness products, and the resilience of our thriving economy. This index provides investors a unique opportunity to tap into the future of consumption in India," Ashutosh Singh, MD and CEO of Asia Index, said in a statement.
The index, reconstituted semi-annually and rebalanced quarterly, can be used by mutual funds for running passive strategies, such as ETFs and Index Funds as well as gauging the performance of companies in the index.
Additionally, the index can be used for benchmarking PMS strategies, active MF schemes and other investment 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.
The new index measures the performance of companies selected from the relevant industries that broadly have an association with premium spends, selected based on free-float market capitalisation from the BSE 500 Index.
"We believe the launch of the BSE Premium Consumption Index is perfectly timed as India's evolving consumer landscape reflects a shift towards premiumisation, driven by growing disposable incomes, an increasing demand for high-quality lifestyle and wellness products, and the resilience of our thriving economy. This index provides investors a unique opportunity to tap into the future of consumption in India," Ashutosh Singh, MD and CEO of Asia Index, said in a statement.
The index, reconstituted semi-annually and rebalanced quarterly, can be used by mutual funds for running passive strategies, such as ETFs and Index Funds as well as gauging the performance of companies in the index.
Additionally, the index can be used for benchmarking PMS strategies, active MF schemes and other investment 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.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Kretto Syscon
- 1.03 ( -4.63)
- 138048412
- Thinkink Picturez
- 2.02 (+ 4.12)
- 41417727
- Srestha Finvest
- 0.94 (+ 9.30)
- 36387881
- Rajnish Wellness
- 1.86 (+ 4.49)
- 28710589
- Vodafone Idea L
- 8.09 ( -0.12)
- 23405841
MORE NEWS
Religare Enterprises Stock Surges 9%, Hits...
Religare Enterprises stock soared over 9% on Tuesday after RBI approved the Burman...
India Leads Global Hiring Outlook:...
India's corporate sector boasts the strongest global hiring outlook for January-March...
AI to Drive India's Growth: Amazon India...
Amazon India Country Manager highlights AI's potential to transform India's healthcare,...