BSE Index Services Pvt Ltd, a wholly owned subsidiary of BSE, has announced the launch of a series of three Growth Factor Indices on Wednesday. The newly introduced indices are designed to provide systematic exposure to companies that demonstrate strong earnings and sales growth characteristics across various market segments.
The three newly launched indices are the BSE 500 Growth 50, the BSE MidCap 150 Growth 30, and the BSE LargeCap 100 Growth 30. These indices select their constituents based on specific metrics, namely EPS growth and sales per share growth.
According to the details provided, the BSE 500 Growth 50 tracks 50 companies from the broader BSE 500 universe and carries a 4 per cent stock-level weight cap. Meanwhile, the other two indices track 30 companies each from their respective universes and carry a 5 per cent weight cap. All three indices share a base value of 1,000, with a first value date of June 23, 2008. They are scheduled for quarterly reconstitution in March, June, September, and December.
For the BSE LargeCap 100 Growth 30, a July 2026 factsheet shows the total returns index level at 10,919.70. This index has delivered annualised total returns of 20.97 per cent over a three-year period and 14.37 per cent over five years. It carries a price-to-earnings (PE) ratio of 23.33 and a price-to-book ratio of 6.51. Its top constituents feature companies such as Bajaj Finance, Mahindra & Mahindra, Titan Company, and Bajaj Auto. In terms of sector allocation, Consumer Discretionary and Financial Services form the two largest exposures at 31.49 per cent and 20.21 per cent, respectively.
The weighting methodology for these indices combines float-adjusted market capitalisation with growth scores. They are intended to act as underlying benchmarks for exchange-traded funds (ETFs), index funds, portfolio management services (PMS) strategies, and mutual fund schemes.
Ashutosh Singh, MD & CEO of BSE Index Services, noted that the indices offer asset managers a transparent, rules-based framework to build investment products that align with India's long-term growth trajectory. This launch expands BSE's existing factor index suite, which already features Momentum, Quality, Enhanced Value, Low Volatility, and Multi-Factor strategies.
"The expansion of BSE's factor index suite with systematic growth-focused benchmarks offers asset managers a transparent foundation for creating targeted investment products. As passive investing and rules-based strategies continue to mature in the Indian market, providing institutional and retail investors with structured exposure to earnings and sales growth creates a dependable framework for long-term portfolio allocation." — Dr. Shishir Gupta, Founder & CEO, StartupLanes
