BSE Index Services Pvt. Ltd. launches India's first Saatvik Index named BSE Saatvik 100

Key facts

• BSE Index Services Pvt. Ltd., a wholly owned subsidiary of Bombay Stock Exchange (BSE), has launched the BSE Saatvik 100, which is India's first index focused on ethical and value-based investing.
• The index is derived from the constituents of the BSE 500 Index that align with Saatvik principles of purity, responsibility, and ethical conduct.
• The financial services sector holds the highest weight in the index at 37.55 per cent, followed by consumer discretionary, energy, commodities, industrials, utilities, telecommunication, services, fast-moving consumer goods, and healthcare.
• HDFC Bank holds the largest individual stock weight in the index, followed by ICICI Bank, Reliance Industries, Infosys, State Bank of India (SBI), Axis Bank, Kotak Mahindra Bank, and Mahindra & Mahindra.
• The index is designed for use in passive investment strategies such as Exchange-Traded Funds (ETFs) and index funds, and as a benchmark for Portfolio Management Services (PMS).