BSE's capital market offerings: Key business verticals across value chain

A look at the exchange's key business verticals across the value chain

ICCL: The Indian Clearing Corporation Limited (ICCL) serves as a central counterparty for trades on BSE and other exchanges, guaranteeing settlement and managing counterparty risk across equity, derivatives and debt markets. ICCL enhances risk management and business continuity through interoperability for trades across Indian exchanges. Over the past 2.5 years, ICCL has significantly invested in capacity and resilience to support the evolving capital market, steadily increasing its market share.

 

AIPL: Indices are vital benchmarks for investors, fund managers, and institutions to assess performance and guide decisions, especially for passive investing. BSE acquired full ownership of Asia Index Private Limited (AIPL) from S&P Dow Jones Indices about a year ago to bolster its index business. Since then, AIPL has launched over 25 new indices, targeting niche segments to meet the growing benchmarking needs of India's capital market.

 

SME: There are more than 70 million micro, small, and medium enterprises (MSMEs) that contribute 44 per cent of India’s exports, 30 per cent of gross domestic product, and employ over 250 million people, according to SIDBI. The sector is pivotal to India’s ambition of becoming a developed country by 2047. However, MSMEs face a funding gap of Rs 30 trillion, or 24 per cent of their credit demand. Launched in 2012, BSE SME was India’s first platform to boost capital market participation for SMEs. To date, some 580 SMEs have raised nearly ₹9,500 crore.

 

Star MF: As Indian households increasingly embrace capital market investments, particularly through mutual funds, folios have grown from 90 million to nearly 220 million in five years. BSE Star MF, the leading exchange-based mutual fund platform with a 90 per cent segment share, facilitates safe and efficient market access for India’s young population. Processing over 60 million monthly transactions, it is set to launch version 2.0.

 

India INX: With India’s economic growth and rising per capita income, it has become a prime investment destination. Investors are also diversifying globally via the Liberalised Remittance Scheme. India International Exchange (India INX), the country’s first international stock exchange, streamlines cross-border investments.