Thursday, 15 October 2015

IISL launches NSE Quality 30 Index

The NSE Quality 30 index aims to reflect the performance of stocks of top 30 Quality companies chosen from the pool of 100 large and liquid companies listed on NSE.


India Index Services & Products Limited (IISL), a NSE group company, launched quality parameter based NSE Quality 30 index adding to the existing suite of its strategy based indices.

The NSE Quality 30 index aims to reflect the performance of stocks of top 30 Quality companies chosen from the pool of 100 large and liquid companies listed on NSE. Quality companies are identified on the basis of quality score which is based on high return on equity (ROE), low debt-to-equity ratio and year-on-year growth in profit after tax (PAT) over the last three years.

There has been an increase in demand for the strategy indices in the Indian market which is in line with the practices in global investment community. Apart from complimenting other strategy based IISL indices, NSE Quality 30 Index will serve as an ideal benchmark for investors looking to invest in companies with durable business model resulting in sustained profits and high return on equity.

The NSE Quality 30 Index will be available for licensing for the launch of financial products such as exchange traded fund and structured products.

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