BSE Expands Asia Index with 4 New Factor-Based Indices Addition

Asia Index, a subsidiary of the Bombay Stock Exchange (BSE), has taken a significant step in its revival journey by launching 4 new factor-based indices. This development follows a change in ownership last year when BSE acquired full control of the company from S&P Dow Jones Indices. The initiative aims to re-establish Asia Index as a competitive force in India’s index services landscape, particularly in comparison to NSE Indices.

Launch of Four Factor-Based Indices 

The newly introduced indices are BSE 500 Enhanced Value 50, BSE 500 Low Volatility 50, BSE 500 Momentum 50, and BSE 500 Quality 50. A key feature that differentiates these from similar offerings by NSE is their quarterly reconstitution schedule. According to Ashutosh Singh, Managing Director and CEO of Asia Index, “The introduction of a quarterly reconstitution schedule in our factor indices will enable factor signals to capture the most recent financial and stock price data,”.

This structured approach to rebalancing is expected to attract market participants who are increasingly looking for responsive and updated benchmarks. The move underscores Asia Index’s commitment to innovation in its product offerings.

Revival Strategy After Full Ownership by BSE

Since becoming a wholly-owned subsidiary in June 2024, Asia Index has accelerated its product development pipeline. In the current financial year alone, it has rolled out 20 new indices, including broad-based options like the BSE 1000. The intensified focus on index creation is a marked departure from the slower pace seen during its joint ownership phase.

Singh admitted that the company trails NSE Indices in the market by saying, “In terms of market share, we are way below. The priority is to look at our product profile and launch indices based on discussions with mutual funds. This year, our focus is going to be on launching a lot more indices.”

Read More: BSE Share Price Hits All-Time High: Surges 78% in Just 27 Sessions

BSE Share Performance 

As of May 21, 2025, at 10:45 AM, BSE share price is trading at ₹7,415.50 per share, reflecting a surge of 0.41% from the previous day's closing price. Over the past month, the stock has surged by 17.99%

Conclusion

Asia Index’s launch of 4 new indices marks a pivotal moment in its transformation under BSE ownership. By embracing quarterly rebalancing and increasing product variety, the company is making clear strides toward regaining relevance and market competitiveness.
 

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