- Annual Dividend per share for each reference period
- Average Dividend yield for the last 3 years
- Z Score on the latest dividend yield and Average 3 years dividend yield
- Total market capitalization on the last day of the reference period
- At least 85% of the securities in the portfolio should have given dividends in 2 out of 3 previous years
- At least 85% of the securities in the portfolio should have a dividend rate of at least 10%
Constituent Selection - At each annual rebalancing, eligible companies must meet the following criteria:
- Companies must have completed a listing history of at least 5 years as on the reference date
- The company should have declared dividend at least 80% of times in past 10 years or from the date of listing, whichever is lower
- 3 Year Average Dividend Yield should not be in the bottom quartile within the eligible universe.
Constituent Weight - Index constituents are weighted by the product of float-adjusted market capitalization and Normalized Z score, subject to an individual stock weight cap of 4%. Individual stock weight caps are applied annually effective at the open of Monday following the third Friday of December.
Source : BSE
Note: BSE 500 Dividend Leaders 50 Index Pension Fund will be available along with its Bajaj Life ULIP Product.
Bajaj Life Smart Pension with underlying BSE 500 Dividend Leaders 50 Index Pension Fund, enables policyholders to achieve their life goals, powered by the security of a life cover and the opportunity for wealth creation.
SFIN No: ULIF011111/11/25B500DL50IP116