India, March 11 -- BSE Index Services, a wholly owned subsidiary of BSE, has launched the BSE SmallCap 500 Index along with four new factor-based indices derived from the BSE SmallCap 500 universe. The newly introduced indices include BSE SmallCap 500 Quality 50, BSE SmallCap 500 Momentum 50, BSE SmallCap 500 Low Volatility 50, and BSE SmallCap 500 Enhanced Value 50. These indices are designed to capture different investment factors within India's small-cap segment and are reconstituted on a quarterly basis. They have a base value of 1,000 with the first value date set as 19 September 2005, along with an additional screening criterion of 90% stock trading frequency.

The BSE SmallCap 500 Index combines the constituents of the BSE 250 Smal...