SXBANK is designed to measure the performance of stocks of banking sector – the sector that funds various economic activities of the nation. The Index will have 10 stocks from the banking sector. Weights of individual stocks in the index have been capped at 15% to reduce concentration and thereby provide a cost-effective support for investment/portfolio management and structured products such as index futures and options, index portfolio, exchange traded funds, Index funds, etc.





SXBANK Factsheet
SXBANK Methodology

SXBANK is designed

To provide a benchmark to capture the performance of banking sector of Indian economy and to provide for efficient investment and risk management instrument. It would also help in structuring passive investment vehicles.

  • Scientific, Transparent and Rule based – easily replicable
  • Better reflection of the Banking sector in the economy
  • Cap on weight of individual stocks at 15%
  • Lower portfolio maintenance cost
  • Superior risk adjusted return
  • Global best practices and standards

All the information on/in webpage/Advert/brochure, including, but not limited to, characters, data, charts and tables (hereinafter referred to as “information”) are properties of Metropolitan Stock Exchange of India Ltd. (hereinafter referred to as “MSE”) except brands names and logos if any belonging to other persons. The contents on/in webpage/Advert/brochure are solely for informational purposes. It is not intended to be used as trading advice by anybody and should not in any way be treated as a recommendation to trade. While the information in the document has been compiled from sources believed to be reliable and in good faith, recipients and audience of this document may note that the contents thereof including text, graphics, links or other items are provided without warranties of any kind. Metropolitan Stock Exchange of India Ltd. (MSE) expressly disclaims any warranty as to the accuracy, correctness, reliability, timeliness, merchantability or fitness for any particular purpose and shall not be liable for any damage or loss of any kind, howsoever caused as a result (direct or indirect) of the use of the information or data contained in this document. The charts and graphs may reflect hypothetical historical performance. All information presented prior to the index inception date is back-tested. Back-tested performance is not actual performance, but is hypothetical. SXBANK and the SXBANK logo are proprietary trademarks of MSE.