Archive · 23 Jul 2026
BSE Launches Total Market Index
The BSE has launched a new index called the BSE Total Market Index (TMI).
This index covers 98% of the BSE AllCap market capitalisation, which means it includes almost all the companies listed on the BSE.
The index is designed to show how the whole Indian stock market is performing.
It will have at least 1,000 companies and will be updated twice a year.
The goal is to help investors, especially those who use passive investment products like ETFs and index funds, to get a broad view of the market.
The BSE hopes this index will be useful for various investment products and support the growing Indian capital markets.
BSE launched the Total Market Index covering 98% of the BSE AllCap market capitalisation.
The index includes at least 1,000 constituent stocks and will be reviewed twice a year.
Designed to reflect the overall performance of the Indian equity market.
Useful for passive investing products like ETFs, index funds, and mutual funds.
Part of BSE's efforts to expand its range of market indices.
- Who
- BSE Index Services Pvt. Ltd., a subsidiary of BSE
- What
- Launched the BSE Total Market Index (TMI)
- When
- Not specified
- Where
- Mumbai, India
- Why
- To provide broad exposure to the Indian stock market and support passive investing
Proponents of the Index
Critics of the Index
Market Representation
Proponents of the Index
The BSE Total Market Index provides broad exposure to the Indian stock market, covering 98% of the BSE AllCap market capitalisation, making it a comprehensive benchmark.
Critics of the Index
Critics argue that the index's broad coverage may dilute its focus, making it less useful for specific investment strategies.
Investor Utility
Proponents of the Index
The index is designed to support passive investing by offering a broader view of the Indian equity market, useful for ETFs, index funds, and other investment products.
Critics of the Index
Some investors prefer more focused indices that target specific sectors or market segments, finding broader indices less tailored to their needs.
- Base Value
- 1,000
- First Value Date
- September 16, 2005
- Market Coverage
- 98% of BSE AllCap market capitalisation
- Minimum Constituent Stocks
- 1,000
- Review and Reconstitution Frequency
- Twice a year (June and December)
- Managing Director and CEO of BSE Index Services
- Ashutosh Singh