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Media Release



Asia Index Private Limited launches the

S&P BSE Bharat 22 Index

An Index designed to help support the Government of India’s disinvestment program

MUMBAI, AUGUST 22nd, 2017:  Asia Index Private Limited today announced the launch of the S&P BSE Bharat 22 Index. The Index is designed to track the performance of select blue chip government companies listed on the BSE. This index has been licensed to ICICI Prudential AMC for the development of an ETF.

The S&P BSE Bharat CPSE Index comprises of 22 select companies from the Central Public Sector Enterprises (CPSE), Specified Undertaking of the Unit Trust of India (SUUTI), and Public Sector Undertaking (PSU) Banks that are listed on the BSE Ltd. and disinvested by the Government of India.  It covers all 6 BSE sectors which the CPSE, SUUTI and PSBs represent collectively. The Index is designed to be an investable index.

Alka Banerjee, CEO, Asia Index Private Limited, said “Divesting from publicly listed companies has been a key agenda item for the government. We are delighted to announce the launch of the S&P BSE Bharat 22 Index which will be used as a vehicle to help support the disinvestment process as well as increasing the passive investing footprint in India.”

 “We are excited to see the launch of the S&P BSE Bharat 22 Index. The companies in this index have historically played an important role in developing the India story. We are happy to provide the platform to grow the passive investing experience for the retail investor.” said Ashishkumar Chauhan, MD & CEO, BSE.

The index is rebalanced annually in March. Individual stock and sector weight caps are applied during the annual rebalancing. The Index is calculated in Indian rupees, and U.S. dollars and will be calculated on a real-time basis.

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Asia Index Pvt. Ltd is a 50-50 partnership between S&P Dow Jones Indices LLC, the world’s largest provider of financial market indices, and BSE Ltd, Asia’s oldest stock exchange and home to the iconic SENSEX index - a leading indicator of Indian equity market performance. Asia Index Pvt. Ltd, which combines the benchmarks, market intelligence, and insights of both parent companies, each established more than 115 years ago, aims to provide a full array of indices enabling global and domestic investors to participate in South Asia’s vibrant economies. The Company is best known for calculating, publishing, and maintaining a diverse family of Asian indices under the umbrella brand, S&P BSE Indices.


 About BSE


BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India. 


About S&P Dow Jones Indices


S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets. S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit 

For more information:


Asia Index Pvt. Ltd.

Marketing & Communications

Bhavna Sadarangani - +91 22 2272 5292


BSE Ltd.

Corporate Communications

Yatin Padia – +91 22 2271 8516