S&P BSE Mid Cap and BSE Small Cap Index
BSE introduced the new index series called 'S&P BSE MID Cap' index and 'S&P BSE Small Cap' index to track the performance of companies with relatively smaller market capitalization.
S&P BSE-500 Index - represents more than 93% of the listed universe. Companies with large market capitalization bias the movement of S&P BSE 500 index. This necessitated construction of a separate indicator to capture the trend in companies with lower market capitalization. Over the years, S&P BSE Mid Cap and S&P BSE Small Cap indices have proven to be a great utility to the investing community.
For S&P BSE Mid Cap Factsheet: Click here
For S&P BSE Small Cap Factsheet: Click here
Index Specification :
S&P BSE Mid-Cap and S&P BSE Small-Cap Index - Scrip Selection Criteria:
The general guidelines for selection of constituents in S&P BSE Mid Cap & S&P BSE Small Cap Index are as follows:
Trading Frequency: The scrip should have been traded on 60% of the trading days in the last three months
Eligible universe shall comprise of companies aggregating 98.5% of average market capitalization
This list shall be categorixed under large-cap, mid-cap and small-cap segment based on 80%-15%-5% market capitalization coverage respectively
BSE Mid-Cap Index shall comprise of scrips that gives market capitalization coverage between 80% & 95% from the list derived as per point no.3 above
BSE Small-Cap Index shall comprise of scrips that gives market capitalization coverage between 95% & 100% from the list derived as per pont no.3 above
Quarterly review of these indices shall be carried out as per the above criteria subject to a buffer of 3%
BSE and S&P Dow Jones Indices (S&P DJI) have entered into an alliance to calculate, disseminate, and license the widely followed suite of BSE indices from February 19, 2013, pursuant to which the corporate action policy for all S&P BSE Indices will be implemented in line with that of prevailing S&P DJI policy.
For S&P DJI Policy: Click Here