Asia Investment Private Limited (AIPL), a subsidiary of BSE, launched the BSE Sensex Next 30 Index on August 27 in Mumbai. This marks the first index launch since BSE acquired S&P’s stake in AIPL. The new index focuses on the largest companies from the BSE 100 that are not part of the BSE Sensex.
The BSE Sensex Next 30 Index includes 30 companies across nine sectors: Financial Services, Consumer Discretionary, Energy, Commodities, Healthcare, Industries, FMCG, IT, and Utilities. The weight of each stock in the index is determined by its free-float market capitalization.
Ashutosh Singh, MD & CEO of AIPL, highlighted the significance of 30-stock indices, recalling that BSE’s original 30-stock index, Sensex, has become a key indicator of India’s economic health. He expressed confidence that this new index will also become a significant market parameter.
The companies in this index have been operating for an average of 55 years and have strong management and credit discipline. The index’s debt-equity ratio is 1.15, similar to the Sensex, and these companies have shown higher profitability and revenue growth in recent years.
The BSE Sensex Next 30 Index has the potential to rank among the top three in the country in terms of assets under management (AUM) and products linked to it.
