Equity

S&P BSE 100

Description
The index is designed to measure the performance of the 100 largest and most liquid Indian companies within the S&P
BSE LargeMidCap. The index calculated in Indian Rupees.

Index Attributes
The index consists of the 100 largest and most-liquid Indian companies within the S&P BSE LargeMidCap. The index is
float adjusted, with securities that are highly liquid. Designed to serve as both an investable index intended to reflect the
Indian economy, the S&P BSE 100 covers approximately two-thirds of the market cap of the listed universe at BSE Ltd.

Methodology Construction
• Universe. Constituents must be members of the S&P BSE LargeMidCap.
• Market Cap. Index constituents are selected based on free-float market cap.
• Liquidity. Eligible companies must have an annualized trading value of at least INR 10 billion (at least INR 8 billion for
current constituents) and no more than five non-trading days in the past six months.
• Constituent Selection. Eligible stocks are considered for index inclusion based on their final ranking. Rankings are
calculated assuming a combination of market cap and liquidity. The top 100-ranked stocks form the index subject to a
20% buffer on either side.
• Constituent Weighting. Index constituents are weighted based on their float-adjusted market capitalization.

Quick Facts
WEIGHTING METHOD Float-adjusted market cap weighted
REBALANCING FREQUENCY Semiannually in June and December
CALCULATION FREQUENCY Real time
CALCULATION CURRENCIES INR, USD
LAUNCH DATE January 3, 1989
FIRST VALUE DATE April 3, 1984

For more information, including the complete methodology document, please visit:
https://asiaindex.com/indices/equity/sp-bse-100

All information for an index prior to its Launch Date is back-tested, based on the methodology that was in effect on the Launch Date. Back-tested
performance, which is hypothetical and not actual performance, is subject to inherent limitations because it reflects application of an Index
methodology and selection of index constituents in hindsight. No theoretical approach can take into account all of the factors in the markets in general
and the impact of decisions that might have been made during the actual operation of an index. Actual returns may differ from, and be lower than,
back-tested returns.

www.asiaindex.co.in index_services@spbse.com AS OF MAY 29, 2020

 Equity
S&P BSE 100

Historical Performance
* Data has been re-based at 100

S&P BSE 100 (TR) S&P BSE 500 (TR)

Performance
INDEX LEVEL RETURNS ANNUALIZED RETURNS
1 MO 3 MOS YTD 1 YR 3 YRS 5 YRS 10 YRS

TOTAL RETURNS

11,684.52 -2.46% -13.72% -20.29% -18.37% 0.56% 3.97% 7.87%

PRICE RETURNS

9,697.9 -2.55% -14.12% -20.74% -19.48% -0.78% 2.55% 6.34%

BENCHMARK* TOTAL RETURNS

14,923.33 -2.32% -14.74% -20.29% -18.88% -0.75% 3.76% 7.72%

BENCHMARK* PRICE RETURNS

12,414.85 -2.41% -15.13% -20.76% -20% -2.02% 2.41% 6.23%

* The index benchmark is the S&P BSE 500

www.asiaindex.co.in index_services@spbse.com AS OF MAY 29, 2020

 Equity
S&P BSE 100

Calendar Year Performance

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010

TOTAL RETURNS

10.92% 2.62% 33.27% 5.02% -1.95% 34.21% 7.56% 32.21% -24.75% 17.21%

PRICE RETURNS

9.63% 1.19% 31.52% 3.57% -3.25% 32.28% 5.87% 29.96% -25.73% 15.66%

BENCHMARK* TOTAL RETURNS

8.98% -1.81% 37.6% 5.15% 0.45% 38.93% 4.93% 33.41% -26.42% 17.89%

BENCHMARK* PRICE RETURNS

7.75% -3.08% 35.94% 3.78% -0.82% 36.96% 3.25% 31.2% -27.41% 16.35%

* The index benchmark is the S&P BSE 500

Risk
ANNUALIZED RISK ANNUALIZED RISK-ADJUSTED RETURNS

3 YRS 5 YRS 10 YRS 3 YRS 5 YRS 10 YRS

STD DEV

20.52% 18.18% 17.75% 0.03 0.22 0.44

BENCHMARK* STD DEV

21.09% 18.75% 18.05% -0.04 0.2 0.43

Risk is defined as standard deviation calculated based on total returns using monthly values.
* The index benchmark is the S&P BSE 500

Fundamentals
P/E [TRAILING] P/E [PROJECTED] P/B INDICATED DIV YIELD P/SALES P/CASH FLOW

19.12 19.66 2.3 1.36% 1.81 -19.88

As of May 29, 2020. Fundamentals are updated on approximately the fifth business day of each month.

Index Characteristics
NUMBER OF CONSTITUENTS 101
CONSTITUENT MARKET CAP [INR CRORE]
MEAN TOTAL MARKET CAP 89,566.72
LARGEST TOTAL MARKET CAP 927,920.68
SMALLEST TOTAL MARKET CAP 1,838.23
MEDIAN TOTAL MARKET CAP 42,564
WEIGHT LARGEST CONSTITUENT [%] 10.1
WEIGHT TOP 10 CONSTITUENTS [%] 53.3

www.asiaindex.co.in index_services@spbse.com AS OF MAY 29, 2020

 Equity
S&P BSE 100

ESG Carbon Characteristics

CARBON TO VALUE INVESTED (METRIC TONS CO2e/$1M INVESTED)* 336.68
CARBON TO REVENUE (METRIC TONS CO2e/$1M REVENUES)* 1,004.25
WEIGHTED AVERAGE CARBON INTENSITY (METRIC TONS CO2e/$1M REVENUES)* 498.32
FOSSIL FUEL RESERVE EMISSIONS (METRIC TONS CO2/$1M INVESTED) 618.21

*Operational and first-tier supply chain greenhouse gas emissions.

For more information, please visit: www.spdji.com/esg-carbon-metrics.

Top 10 Constituents By Index Weight

CONSTITUENT SYMBOL SECTOR*
Reliance Industries Ltd 500325 NA
HDFC Bank Ltd 500180 NA
Housing Development Finance Corp 500010 NA
Infosys Ltd 500209 NA
ICICI Bank Ltd 532174 NA
Tata Consultancy Services Ltd 532540 NA
Hindustan Unilever Ltd 500696 NA
ITC Ltd 500875 NA
Kotak Mahindra Bank Ltd 500247 NA
Larsen & Toubro Ltd 500510 NA

*Based on GICS® sectors

Tickers
TICKER REUTERS
PRICE RETURNS BSE100 .BSE100
TOTAL RETURNS BSE100TR N/A

www.asiaindex.co.in index_services@spbse.com AS OF MAY 29, 2020

 Equity
S&P BSE 100

Disclaimer
Source: Asia Index Private Limited.

The launch date of the S&P BSE 100 was January 3, 1989.The launch date of the S&P BSE 500 was August 9, 1999.

All information presented prior to the index launch date is back-tested. Back-tested performance is not actual performance, but is hypothetical. The
back-test calculations are based on the same methodology that was in effect when the index was officially launched. Past performance is not a
guarantee of future results. Please see the Performance Disclosure at http://www.asiaindex.co.in/regulatory-affairs-disclaimers/ for more information
regarding the inherent limitations associated with back-tested performance.

© Asia Index Private Limited 2020. All rights reserved. Redistribution, reproduction and/or photocopying in whole or in part are prohibited without
written permission. The S&P BSE Indices (the “Indices”) are published by Asia Index Private Limited (“AIPL”), which is a joint venture among affiliates of
S&P Dow Jones Indices LLC (“SPDJI”) and BSE Limited (“BSE”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s
Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). BSE® and SENSEX®
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(collectively “AIPL Companies”) make no representation or warranty, express or implied, as to the ability of any index to accurately represent the asset
class or market sector that it purports to represent and AIPL Companies shall have no liability for any errors, omissions, or interruptions of any index or
the data included therein. Past performance of an index is not an indication of future results. This document does not constitute an offer of any
services. All information provided by AIPL Companies is general in nature and not tailored to the needs of any person, entity or group of persons. It is not
possible to invest directly in an index. AIPL Companies may receive compensation in connection with licensing its indices to third parties. Exposure to
an asset class represented by an index is available through investable instruments offered by third parties that are based on that index. AIPL
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