Asia Index, a subsidiary of BSE, on Thursday said it has launched a new thematic index, BSE Premium Consumption, which will give investors an opportunity to tap into the future of consumption in the country.
The new index measures the performance of selected companies from relevant industries that generally have an association with premium spending, selected based on the free float market capitalization of the BSE 500 index.
“We believe the launch of the BSE Premium Consumer Index is perfect timing as the evolving Indian consumer landscape reflects a shift towards premiumisation, driven by rising disposable incomes, growing demand for wellness products and high-quality lifestyle, and the resilience of our thriving economy. “This index offers investors a unique opportunity to tap into the future of consumption in India,” said Ashutosh Singh, Managing Director and CEO of Asia Index, in a statement.
The index, reconstituted semi-annually and rebalanced quarterly, can be used by mutual funds to execute passive strategies, such as ETFs and index funds, as well as to measure the performance of companies in the index.
Additionally, the index can be used to compare PMS strategies, active MF schemes and other investment portfolios. Investors can now access a broader spectrum of market opportunities, further enriching their investment strategies with this latest addition to the BSE suite of indices.
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