BSE SmallCap Select Index Share Price

The BSE Smallcap Select tracks the performance of 60 relatively large and liquid companies within the BSE SmallCap universe - listed on the Bombay Stock Exchange.

It is broadly designed as a rules-based index to represent a selective class of small-sized companies in the stock market.

Unlike selective indices, following BSE Smallcap Select today's movement gives a wider view of upcoming and early-stage companies, already a part of the Indian stock market universe, but on a small-cap level.

The BSE Smallcap Select follows a market-cap-based classification approach, rather than a strict stock-picking filter.

1. Step 1: Basic Eligibility Filters (at Rebalancing)

   
   Selection begins from the broader BSE Smallcap Select universe on the Bombay Stock Exchange. Companies must meet all of the following:
   
   1. Market Cap Threshold
   • ≥ ₹600 crore (float-adjusted)
   • Existing stocks allowed ≥ ₹480 crore

   2. Liquidity Requirement

   • ≥ ₹300 crore annualised traded value
   • Existing stocks allowed ≥ ₹240 crore
   3. Turnover Ratio (≥ 20%, for existing stocks ≥ 16% is allowed)
   4. Trading Consistency (Max 5 non-trading days in the last 6 months)

2. Step 2: Sector-Level Screening

   
   
   • Companies are ranked within their industry classification
   • Only the top 15 companies per sector are retained
   • Lower-ranked companies are excluded

3. Step 3: Final Ranking & Selection

   
   Remaining companies are ranked by float-adjusted market capitalisation.
   • Final Inclusion (60 Stocks)
   • Top 40 companies selected directly
   • Existing constituents ranked 41-80 added next

   If needed, new companies ranked 41-80 are included to complete the list.

The BSE Smallcap Select share price follows a step-by-step calculation process based on float-adjusted market capitalisation.

1. Step 1: Identify Smallcap Stocks

   
   The first step includes selection from a large and evolving set of stocks (universe of 1200+ companies) from the broader BSE Smallcap Select index.

2. Step 2: Calculate Free-Float Market Cap

   
   For each company, only the publicly available shares (free float) are considered to compute market value.

3. Step 3: Aggregate Market Value

   
   The total float-adjusted market capitalisation of all selected companies is combined to form the index value.

4. Step 4: Apply Base Value

   
   The index is benchmarked to a base value of 1000 (with September 16, 2005, as the base date).

5. Step 5: Real-Time Updates

   
   The index is calculated continuously during market hours so that you can track the BSE Smallcap Select live movements.

6. Step 6: Periodic Rebalancing

   
   → No companies are added to an index between semi-annual rebalancings
   → The indices are rebalanced semi-annually, effective as of market open on Monday, following the third Friday of March and September, respectively.

Here are some benefits of investing in BSE Smallcap Select stocks:

1. Focus on Selective Stocks

   : Covers a selective set of 60 smaller businesses, many of which are still in their hustling phase.

2. Broader Market Pulse (Beyond Large Caps)

   : Provides visibility into segments beyond large-cap indices, where many small-cap companies are represented.

3. Wide Coverage Across Sectors

   : Includes companies from multiple industries, not concentrated in just a few sectors.

4. Reflects Market Sentiment Shifts

   : Movements in the index often mirror changing risk appetite in the market.

5. Easy to Track

   : With BSE Smallcap Select live and regular price updates, it's fairly simple to follow how the segment is behaving.

With Anand Rathi's TradeMobi platform, invest in the BSE Smallcap Select index in 5-easy steps:

1. Step 1: Open or Access Your Account

   
   Start by logging into your account or opening a demat account and trading account.

2. Step 2: Explore Investment Options

   
   Look for mutual funds or ETFs tracking the BSE Smallcap Select index.

3. Step 3: Choose Your Investment

   
   Select a fund aligned with your risk appetite and financial goals.

4. Step 4: Invest and Monitor

   
   Once invested, track the BSE Smallcap Select live performance regularly.

5. Step 5: Stay Updated

   
   Likewise, you can also use platform tools to stay informed about market trends.

The BSE Smallcap Select Index was initiated on 15th June, 2015, by the BSE to represent the smallcap segment of the Indian equity market. It became a sub-part of the BSE SmallCap universe of 1200+ constituents.

It was created as part of the broader classification of companies into large-cap, mid-cap, and small-cap categories, making market analysis more structured. However, each category needed a separate benchmark.

Hence, tracking BSE Smallcap Select today's price alerts can give live visibility into smaller companies in the market, beyond large and mid-sized companies.