Description

BSE announces reconstitution of multiple indices effective February 3, 2026, adding ICICI Prudential Asset Management Company Limited and Meesho Ltd to various indices, along with two trusts to the REITs and InvITs Index.

Summary

BSE Index Services Private Ltd announces the reconstitution of multiple BSE indices effective at the open of Tuesday, February 3, 2026. The changes include the addition of ICICI Prudential Asset Management Company Limited (ticker: 544658) to four indices and Meesho Ltd (ticker: 544632) to four indices. Additionally, two trusts - Knowledge Realty Trust (ticker: 544481) and Anantam Highways Trust (ticker: 544579) - will be added to the BSE REITs and InvITs Index. No securities are being dropped from any of these indices. These changes are based on methodology notices 20251029-21 and 20260113-33.

Key Points

  • ICICI Prudential Asset Management Company Limited (544658) added to BSE Allcap, BSE LargeCap, BSE LargeMidCap, and BSE Financial Services indices
  • Meesho Ltd (544632) added to BSE Allcap, BSE LargeCap, BSE LargeMidCap, and BSE Consumer Discretionary indices
  • Knowledge Realty Trust (544481) and Anantam Highways Trust (544579) added to BSE REITs and InvITs Index
  • No securities are being removed from any indices in this reconstitution
  • Changes based on methodology notices 20251029-21 and 20260113-33
  • Actions included in end-of-day corporate action file (*.SDE)

Regulatory Changes

No regulatory changes are introduced by this circular. This is a standard index reconstitution based on existing methodology.

Compliance Requirements

No specific compliance requirements for market participants. Index fund managers and passive investment vehicles tracking these indices will need to rebalance their portfolios to reflect the new index composition.

Important Dates

  • January 19, 2026: Notice date and announcement of reconstitution
  • January 27, 2026: SDE file for BSE REITs and InvITs Index will begin including newly added constituents
  • February 3, 2026: Effective date for all reconstitution changes at market open

Impact Assessment

Market Impact: The addition of ICICI Prudential AMC and Meesho to multiple large-cap and broad market indices will drive passive investment flows into these securities as index funds rebalance. Both companies are recent listings and their inclusion in major indices represents recognition of their market capitalization and liquidity.

Index Funds Impact: Index funds and ETFs tracking BSE Allcap, LargeCap, LargeMidCap, Financial Services, and Consumer Discretionary indices will need to purchase shares of the newly added constituents on or before the effective date.

REITs/InvITs Segment: The addition of Knowledge Realty Trust and Anantam Highways Trust enhances the representation of the REITs and InvITs segment in BSE indices, potentially increasing investor attention to these alternative investment vehicles.

No Deletion Impact: The absence of any deletions means no stocks face potential selling pressure from index-related outflows, making this a purely additive reconstitution event.

Impact Justification

Index reconstitution affects index fund rebalancing and passive investment flows, with additions to major BSE indices including large-cap and sectoral indices. Notable additions of recently listed companies ICICI Prudential AMC and Meesho to multiple indices.