How BSE’s Saatvik 100 and NSE’s Ahimsa ended up with missile makers and coal miners
Saatvik, or pure. Ahimsa, or non-violence. You can now invest in both
On 19 June, the BSE launched the Saatvik 100, an index that excludes companies involved in businesses such as alcohol, tobacco, gambling, meat and poultry, leather and pesticides. Three weeks later, the National Stock Exchange (NSE) responded with the Nifty500 Ahimsa Index, built with the Ahimsagain Foundation to track companies that, according to its methodology, do not harm animals.
The launches come just as the thematic fund boom is losing steam. After raising a........
