 "BSE Index Services launches defence index with semi-annual reconstitution")
BSE Index Services, an arm of stock exchange BSE, on Wednesday announced the launch of defence index to track the performance of those stocks representing the theme.
The BSE India Defence Index is derived from the constituents of BSE 1000 Index, and reconstituted semi-annually in June and December.
This new index can be used for running passive strategies such as ETFs and Index Funds as well as gauging the performance of the defence sector in India, BSE Index Services said in a statement.
It can also be used for benchmarking PMS strategies, mutual fund schemes and fund portfolios.
"The defence sector in India is undergoing a transformative phase, driven by policy reforms, increased budgetary allocations, and a rising emphasis on indigenous manufacturing. The BSE India Defence Index offers investors a transparent, rules-based, and investable benchmark to capture this growth story," BSE Index Services MD & CEO Ashutosh Singh said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app