Mumbai, July 11 -- The BSE, through its wholly owned subsidiary Asia Index, has unveiled a new sectoral benchmark, the BSE Insurance Index, offering investors and fund managers a focused tool to track the performance of India's listed insurance companies.

This index draws its constituents from the BSE 1000 Index, including only those stocks classified under the insurance industry. It uses a free-float adjusted market capitalization weighting method, with a cap of 25% per stock to ensure diversified exposure and prevent concentration risks.

Launched with a base value of 1000, the index is backdated to start from 18 June 2018. It currently comprises 12 insurance companies and is set to be reconstituted semi-annually in June and December, ...