Question
With reference to the recent initiatives of BSE Asia
Index, consider the following statements: 1. Asia Index, now a wholly-owned subsidiary of BSE, recently launched four factor-based indices: Enhanced Value 50, Low Volatility 50, Momentum 50, and Quality 50. 2. These indices will be rebalanced quarterly, unlike similar products from NSE Indices. 3. Since becoming fully owned by BSE in 2024, Asia Index has launched more than 20 new indices in FY25, including the BSE 1000. 4. The headquarters of BSE is in New Delhi, and its current MD & CEO is Sundararaman Ramamurthy. Which of the statements given above is/are correct?Solution
• Statement 1 – Correct: The four factor-based indices launched are indeed BSE 500 Enhanced Value 50, Low Volatility 50, Momentum 50, and Quality 50. • Statement 2 – Correct: Unlike NSE Indices, which have different rebalancing structures, these BSE indices will be rebalanced quarterly, allowing faster incorporation of new financial data. • Statement 3 – Correct: After becoming a wholly-owned subsidiary of BSE in June 2024, Asia Index has intensified index development and launched 20 indices in FY25, including the BSE 1000. • Statement 4 – Incorrect: The headquarters of BSE is in Mumbai (not New Delhi). Its MD & CEO is Sundararaman Ramamurthy, which is correct — but the HQ detail makes the statement wrong. Thus, the correct answer is 1, 2 and 3 only.
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