definition for: #ZyFinBMI

ZyFin Broad Market Index (BMI) : ZyFin annually defines investable universe of approx. 400 to 500 companies for India by applying rule-based proprietary filters to entire Indian stock universe of 4000+ companies. ZyFin BMI index is designed to capture the performance of the entire investable market. The index covers approx. 95% market capitalization of the universe. BMI has base date of Oct-2002 and base value of 1000.