subject: BSE Of India, NSE Of India, And Mutual Funds [print this page] BSE Of India, NSE Of India, And Mutual Funds
For every country, it is its stock exchange that is responsible for the growth of its capital market; India is no exception. No wonder almost every leading corporate house in India is listed in the BSE of India, the country's, in fact, Asia's oldest bourse. And each listed company has raised funds from the public. Initially it was the BSE of India that devised a set of rules and legislations for the Indian capital market before actual legislations were enacted. The best practices that it followed were consequently adopted by the other stock exchanges, 23 in number, in the country. BSE sensex is the stock exchange's benchmark equity index, exhibiting the performance of the market in general and of the listed companies in particular. Also called sensex India, the BSE sensex, ever since it started functioning, achieved several milestones over the years. The biggest record was made in the year 2010 with sensex India achieving the highest figure above the 21000 mark, recuperating faster than other markets post recession. It has been for over three months that the Indian capital market turned volatile with sensex India dipping below the 19000 mark. It is between the 18000 and 19000 mark that the BSE sensex has been swinging for some time.
In a strongly competitive market, BSE of India boasts of having to its credit a number of firsts. Worth mentioning are it being a pioneer in introducing free float index, equity derivatives, US$ version of sensex India, running an exclusive facility for financial training, launching its website in Hindi and Gujarati, and more. Again it is the BSE of India that is the first to obtain ISO certification for a stock exchange besides launching an Exchange Enabled Internet Trading Platform. The list just goes on.
Another stock exchange without which the capital market of India is incomplete is the NSE of India. The initiatives taken by this bourse in strengthening the base of the Indian capital market is praiseworthy. Though the NSE of India has been operating for more than two decades now, in the short span of time, the bourse has strongly stamped its brand identity not only in India but also in the world markets. NSE of India made its global presence felt with myriad initiatives; worth mentioning are going for license agreements covering benchmark indexes for U.S. and Indian equities with CME Group, cross-listing arrangements, signing a Memorandum of Understanding (MOU) with Singapore Exchange (SGX) facilitating SGX listing of Indian linked products and services, and more.
Besides directly investing in stocks, investors are increasingly investing in mutual funds India. Investors with similar investment objectives provide money to a professionally managed company, which in turn invests the pool of money accumulated in countless stocks from myriad industries. In short, you are buying a unit of the chosen mutual fund. Few of the top mutual funds of India worth mentioning are those offered by Tata, Reliance, SBI, HDFC, Birla Sunlife, ICICI, and more.
