Mumbai, Jan. 16 -- BSE Index Services launched four new factor indices based on the BSE 150 Midcap Index, adding to its range of benchmarks aimed at passive fund managers and institutional investors.

The new indices are the BSE Midcap 150 Enhanced Value 30, Momentum 30, Low Volatility 30 and Quality 30. Each index tracks 30 stocks selected from the BSE 150 Midcap universe using distinct factor-based criteria. Individual stock weights are capped at 5%, and the indices will be reviewed and reconstituted on a quarterly basis.

All four indices have been backdated to 20 June 2005, with a base value of 1,000. Stocks included in the indices must also meet a screening requirement of 100% trading frequency.

Ashutosh Singh, MD & CEO of BSE Index...