Mumbai: Asia Index Pvt. Ltd on Thursday launched the S&P BSE India Infrastructure Index that comprises the top 30 companies based on market capitalization from five sectors—energy, transportation, non-banking financial institutions, telecommunications and utilities.

The 30 companies will be picked from the BSE 500 index.

“Investors in India increasingly want an infrastructure index that is not only transparent and diversified but also includes non-banking financial institutions that earn revenue from infrastructure financing," said Alka Banerjee, CEO, Asia Index. “This, combined with India’s imminent announcement on its blueprint for infrastructure development, potentially means that interest in infrastructure could remain strong among Indian investors for the next several years."

The sectors for the infrastructure index are created by selecting sub-industries from the Global Industry Classification Standard. The weight of each infrastructure sector is capped at 30% and individual stocks weight is capped at 10%.