BSE launches housing finance index tracking India's housing finance companies
Business
BSE just rolled out a new Housing Finance Index to track how India's housing finance companies are doing.
It's part of the bigger BSE 1000 family and starts with a base value set in June 2015.
The index will get checked and updated twice a year so it stays current with the market.
Index covers 11 major players
This index covers 11 major players, with LIC Housing Finance making up the biggest chunk at over 17%.
You'll also spot names like PNB Housing Finance and Can Fin Homes here.
While it's had a tough year (down about 13%), the real goal is to give investors more ways to invest passively or benchmark their portfolios, making it easier for anyone interested in India's housing finance scene to keep track of or get involved.