BSE Index Services Pvt Ltd, a wholly owned subsidiary of BSE, launched a series of three Growth Factor Indices on Wednesday aimed at providing systematic exposure to companies with strong earnings and sales growth characteristics across market segments. According to reports from The Hindu BusinessLine, the three indices select constituents based on EPS growth and sales per share growth, offering investors systematic access to high-growth companies across different market capitalizations.
The three indices have distinct tracking methodologies and constituent counts. The BSE 500 Growth 50 tracks 50 companies from the BSE 500 universe with a 4 per cent stock-level weight cap, while the BSE MidCap 150 Growth 30 and BSE LargeCap 100 Growth 30 track 30 companies each from their respective universes with a 5 per cent weight cap. All three indices carry a base value of 1,000 and will be reconstituted quarterly in March, June, September, and December.
The BSE LargeCap 100 Growth 30 currently sits at a total returns index level of 10,919.70 and has delivered impressive performance metrics. According to the July 2026 factsheet released by BSE, the index has delivered annualised total returns of 20.97 per cent over three years and 14.37 per cent over five years. The index carries a PE ratio of 23.33 and a price-to-book ratio of 6.51.
The index's top constituents include Bajaj Finance, Mahindra & Mahindra, Titan Company, and Bajaj Auto. As reported by The Hindu BusinessLine, Consumer Discretionary and Financial Services are the two largest sector exposures, accounting for 31.49 per cent and 20.21 per cent respectively. The weighting methodology combines float-adjusted market capitalisation with growth scores to create the final index composition.
According to Ashutosh Singh, MD & CEO of BSE Index Services, the indices offer asset managers a transparent, rules-based framework to build investment products aligned with India's long-term growth story. As reported by The Hindu BusinessLine, the launch adds a Growth strategy to BSE's existing factor index suite, which already covers Momentum, Quality, Enhanced Value, Low Volatility, and Multi-Factor strategies. The indices can serve as benchmarks for ETFs, index funds, PMS strategies, and mutual fund schemes.
