How BSE’s Saatvik 100 and NSE’s Ahimsa ended up with missile makers and coal miners
The post How BSE’s Saatvik 100 and NSE’s Ahimsa ended up with missile makers and coal miners appeared first on The Ken .
On 19 June, the BSE unveiled the Saatvik 100 index, a collection of companies that avoid industries like alcohol, tobacco, gambling, meat, poultry, leather, and pesticides. Three weeks prior, the NSE introduced the Nifty500 Ahimsa Index, overseen by the Ahimsagain Foundation, tracking firms that do not cause harm to animals. These launches occur as the thematic fund boom begins to wane, with thematic and sectoral mutual fund NFOs raising under Rs 30,000 crore in FY26, down from a record Rs 73,600 crore in FY25.
Despite the decline, these Indian-focused benchmarks maintain distinct narratives. The Saatvik 100, with its major holdings in financial giants HDFC Bank, ICICI Bank, and Reliance Industries, comprises 37.5% financial companies. In contrast, the Ahimsa index includes 326 of the Nifty 500’s companies, encompassing Mahindra & Mahindra, Tata Steel, Coal India, and NTPC, reflecting a focus on sectors involved in animal welfare and coal mining.
These indices are repackaging existing investable assets, with exchanges launching new benchmarks and fund houses creating new products to capitalize on the surge in passive investing.
Written by urgent.news from The Ken's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
