BSE Index Services on Monday announced the launch of the BSE Housing Finance Index, a new sectoral benchmark aimed at capturing the performance of companies operating in the housing finance space. The index has a base value of 1,000, with June 22, 2015 set as the base date. It will be reconstituted semi-annually in June and December.
The BSE Housing Finance Index is designed to support a wide range of investment applications. It can serve as an underlying benchmark for passive investment products such as ETFs and index funds, while also being used by portfolio managers for benchmarking PMS strategies and mutual fund schemes.
The index includes 11 constituents, with LIC Housing Finance carrying the highest weight of 17.16%. Other constituents include PNB Housing Finance, Sammaan Capital, Home First Finance Company, Bajaj Housing Finance, Aptus Value Housing Finance, Can Fin Homes, Aadhar Housing Finance, AAVAS Financiers, and India Shelter Finance Corporation.
BSE aims to provide investors with a focused lens to track housing finance companies, enabling better participation in sector-specific growth opportunities.
