BSE launches Housing Finance Index to track sectoral opportunities, enable passive investing

BSE Index Services on Monday announced the launch of BSE Housing Finance Index, a new sectoral benchmark aimed at capturing the performance of companies operating in the housing finance space.The newly introduced index draws its constituents from the broader BSE 1000 index, specifically those classified under the housing finance segment as per basic industry categorisation.The index has a base value of 1,000, with June 22, 2015 set as the base date. It will be reconstituted semi-annually in June...