Asia Index on Monday announced the launch of five "size-based" indices to measure the performance of large-cap, mid-cap and small-cap companies.
According to Asia Index, which is a 50-50 partnership between S&P Dow Jones Indices LLC and BSE, the move to launch new "size-based" indices comes in response to Indian market regulator Sebi's latest guidelines for the categorisation and rationalisation of mutual fund schemes.
"It is our endeavor to continue to ensure we are meeting market demands and providing suitable, transparent and rules based benchmarks for the Indian market," said Alka Banerjee, CEO, Asia Index.
Asia Index added that the new indices comprise stocks from the constituents of the S&P BSE 500 index and are weighted based on their float-adjusted market capitalisation.
--IANS
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