BSE Saatvik 100 Index is Launched
Do you know that Bombay Stock Exchange Limited (BSE) have launched a new Index the BSE Saatvik 100 Index with 100 companies pulled from the BSE 500.
Only those companies aligned with ethical, cultural, and religious principles of purity and non-violence not involved in
Alcohol
Tobacco
Gambling
Meat or Leather
Narcotics
Vulgar Entertainment
Animal cruelty
Pesticides or Insecticides...
But why ? Was there any need to do so...
Being a Jain I know people who were mainly confined to investing in Real estate or Gold but they have a platform where they can switch in to the Real Economic development of India & be a part of the Fastest Growing Economy of the world.. With Satvik 100, they can easily put in their hard-earned money in the companies that actually share their values. The index will be reconstituted semi-annually in June and December.
Now you'll start seeing a lot of these Jain friendly ETFs and index funds coming up.
Regard to returns, they are as good as any Large cap fund
by
Narendra Kr Surana
Volatility Coach & a Wealth Architect
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