SX40 is designed to measure the economic performance with better representation of various industries and sectors based on ICB®, leading global Industry Classification system from FTSE. The Index is devised to offer cost-effective support for investment and structured products such as index futures and option, index portfolio, exchange traded funds, Index funds, etc.
• Index Universe: Large Cap companies
• No. of Companies: 40
• Base Date: March 31, 2010
• Base Value:10,000
• Currency: Indian Rupee
• Index Basket Recasting: Semi-annually
• Minor Share Issuance adjustment: Monthly
• Methodology: Free float weighted market capitalisation
We are presenting in the side screenshot the selection criterion of the companies for this index. However it will have to go a long way before it can give any kind of competition to Nifty and Sensex. MCX has started with a media blitzkreig and their advertisement for their index is as appended below. We hope to see more users benefitting with our Jackpot Tip and make money like professionals.