BSE Index Services Launches BSE 150 Midcap Universe Factor Indices

BSE Index Services Launches BSE 150 Midcap Universe Factor Indices

Mumbai, Jan 13: BSE Index Services Pvt. Ltd., a wholly owned subsidiary of BSE, today announced the launch of four new factor indices derived from the BSE 150 Midcap Index as the universe, with a 5% stock-level capping.

These indices are reconstituted quarterly, have a base value of 1,000, and a first value date of June 20, 2005. The methodology also includes an additional screening criterion of 100% stock trading frequency, ensuring robust liquidity and investability.

Newly Launched Indices

• BSE Midcap 150 Enhanced Value 30
  Measures the performance of the 30 companies within the BSE 150 Midcap Index with the most attractive valuations, based on proprietary value scores.

• BSE Midcap 150 Momentum 30
  Tracks the performance of the 30 companies in the BSE 150 Midcap Index that demonstrate the strongest persistence in relative performance, based on momentum scores.

• BSE Midcap 150 Low Volatility 30
  Measures the performance of the 30 least volatile companies within the BSE 150 Midcap universe.

• BSE Midcap 150 Quality 30
  Tracks the performance of the 30 highest-quality companies in the BSE 150 Midcap Index, selected based on quality scores.

Commenting on the launch, Ashutosh Singh, Managing Director & CEO, BSE Index Services Pvt. Ltd., said:

“Mid-cap stocks are a critical building block in long-term investment portfolios. With this launch, BSE’s factor indices now span large caps, large-mid caps, the broad BSE 500 universe, and mid-caps. Our objective is to create a seamless, institution-grade, investable factor continuum while enabling ETF and passive fund managers to build coherent, market-wide strategies aligned with varying risk–return objectives.”

The newly launched indices are designed to support passive investment strategies, including exchange-traded funds (ETFs) and index funds. They can also serve as effective benchmarks for portfolio management services (PMS), mutual fund schemes, and institutional portfolios.

With this expansion, investors and asset managers gain access to a broader and more structured set of factor-based investment opportunities, further strengthening BSE’s comprehensive suite of benchmark and thematic indices.