BSE Low Volatility Index stocks list
BSEStrategy30 companies
- P/EPrice to earnings of an index. The index's P/E as the exchange publishes it with the close: its members' market value divided by their profit over the last twelve months, each member counted as the index weighs it. Price to earnings of an index: how it is worked out
- 24.99
- P/BPrice to book of an index. The index's P/B as the exchange publishes it: its members' market value divided by their net worth, the assets they own less everything they owe.
- 4.46
- Dividend yieldDividend yield of an index. The index's dividend yield as the exchange publishes it: dividends its members paid over the last twelve months as a percentage of their market value.
- 1.41%
- 1MOne-month return of an index. The latest close against the close a month earlier, on the same date or the last trading day before it, as a percentage. One-month return of an index in the glossary
- −3.26%
- 3MThree-month return of an index. The latest close against the close three months earlier, on the same date or the last trading day before it, as a percentage. Three-month return of an index in the glossary
- −10.45%
- 1YOne-year return of an index. The latest close against the close a year earlier, on the same date or the last trading day before it, as a percentage. One-year return of an index in the glossary
- −14.44%
P/E against its own past
Where today's P/E sits among every trading day of each window: the dot is today, the tick the middle day.
At or below today's level on 28% of 2,478 trading days over the last 10 years.
At or below today's level on 11% of 1,239 trading days over the last 5 years.
At or below today's level on 2% of 744 trading days over the last 3 years.
At or below today's level on 6% of 247 trading days over the last 1 year.
P/E at each month's last trading day, and on 28 Oct 2026
What the BSE Low Volatility Index companies earned
Revenue against the same quarter a year earlier, over today's members that filed both; profit after tax added up over the members that filed the quarter. A quarter fewer than 60% of them filed is left out, and the newest is added once nearly as many have filed it as the one before.
- Revenue growthRevenue growth, against a year earlier. Revenue of the quarter to Jun 2026 against the same quarter a year earlier, added up over the 26 companies that filed both.
- +15.2%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 29 companies that filed it; a loss counts as negative.
- ₹1,19,473 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 29 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 29of 29
- Median ROCEMedian return on capital employed. The middle figure of the 23 companies' ROCE for the year to Mar 2026, half above and half below. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them.
- 18.5%year to Mar 2026
Revenue against the same quarter a year earlier, per cent
Profit after tax, ₹ crore, added up over the companies that filed
The largest companies
The 12 largest companies in the BSE Low Volatility Index, each sized by its market cap.
Market cap, ₹ crore
- Reliance Industries₹15,67,068 Cr
- Bharti Airtel₹12,15,839 Cr
- HDFC Bank₹10,56,636 Cr
- ICICI Bank₹9,88,944 Cr
- Kotak Mahindra Bank₹4,37,707 Cr
- Hindustan Unilever₹4,26,639 Cr
- Sun Pharmaceutical Industries₹4,21,683 Cr
- ITC₹3,25,167 Cr
- NTPC₹2,94,536 Cr
- Coal India₹2,41,579 Cr
- Power Grid Corporation of India₹2,33,817 Cr
- Nestle India₹2,25,227 Cr
Companies in the BSE Low Volatility Index
Largest first, by market cap. 29 of its 30 members are listed here; the rest had no price on the latest trading day.
HDFC BankHDFCBANK · Banks₹685.30+0.75%₹10,56,636 Cr13.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.90%−31.7%
ICICI BankICICIBANK · Banks₹1,377.60−0.67%₹9,88,944 Cr16.70Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.87%+1.1%
Kotak Mahindra BankKOTAKBANK · Banks₹440.00−0.57%₹4,37,707 Cr20.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.15%+1.8%
Hindustan UnileverHINDUNILVR · Diversified FMCGDemerger₹1,815.80−0.12%₹4,26,639 Cr28.3029.0%2.24%−26.1%
Sun Pharmaceutical IndustriesSUNPHARMA · Pharmaceuticals & Biotechnology₹1,757.50+0.36%₹4,21,683 Cr34.9016.9%0.91%+4.2%
SBI Life Insurance CompanySBILIFE · Insurance₹1,666.70+2.06%₹1,67,238 Cr63.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.16%−13.9%
Pidilite IndustriesPIDILITIND · Chemicals & Petrochemicals₹1,389.60−4.17%₹1,41,536 Cr52.7029.6%0.83%−6.9%
Apollo Hospitals EnterpriseAPOLLOHOSP · Healthcare Services₹8,137.00+4.43%₹1,16,998 Cr56.0019.9%0.25%+3.3%
HDFC Life Insurance CompanyHDFCLIFE · Insurance₹514.10+0.10%₹1,11,693 Cr54.50Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.41%−31.2%
Alkem LaboratoriesALKEM · Pharmaceuticals & Biotechnology₹5,070.00−0.16%₹60,619 Cr28.1016.5%1.05%−6.7%
Abbott IndiaABBOTINDIA · Pharmaceuticals & Biotechnology₹26,275.00+2.98%₹55,833 Cr34.6039.6%2.50%−11.7%
Procter & Gamble Hygiene and Health CarePGHH · Personal Products₹6,879.00+1.69%₹22,330 Cr28.20137.6%3.71%−48.7%
Funds that follow the BSE Low Volatility Index
3 index funds and ETFs track the BSE Low Volatility Index.
UTI BSE Low Volatility Index FundIndex Fund · UTI Mutual FundNAV₹14.88061Y−13.85%3Y+5.84%5Y–Size₹459 CrCost0.66%
Motilal Oswal BSE Low Volatility ETFETF · Motilal Oswal Mutual FundNAV₹33.43791Y−13.78%3Y+6.10%5Y–Size₹79 CrCost0.78%- Motilal Oswal BSE Low Volatility Index FundIndex Fund · Motilal Oswal Mutual FundNAV₹14.78021Y−13.85%3Y+5.77%5Y–Size₹69 CrCost0.64%
About the BSE Low Volatility Index
The BSE Low Volatility Index tracks the 30 companies in the BSE LargeMidCap with the lowest volatilities, as measured by standard deviation. It is maintained by BSE Index Services Pvt. Ltd.
How companies are chosen
Companies come from the BSE LargeMidCap, a size sub-index of the BSE AllCap. Each must have an average daily float-adjusted market capitalization of at least ₹2,000 crore, an annualized traded value of at least ₹1,000 crore, a turnover ratio (annualized traded value divided by average daily float-adjusted market capitalization) of at least 20% and no more than five non-trading days in the past six months. Current members stay eligible at ₹1,600 crore, ₹800 crore and a 16% turnover ratio.
Eligible companies with a listing history of at least one year are ranked on the inverse of their volatility. Volatility is the standard deviation of a stock's daily price returns over the prior one year of trading days.
The top 24 companies are selected, then existing constituents ranked 25 to 36 in order of rank until the count reaches 30.
How it is weighted
Each company's weight is set inversely proportional to its volatility, with a maximum of 5% for any one security. The caps are applied at each semi-annual rebalancing.
When it is reviewed
The index is rebalanced semi-annually in Mar and Sep, effective from market open on the Monday following the third Friday of Mar and Sep. No companies are added between rebalancings.
Base date and value
The index launched on 3 Dec 2015, and its first value date is 16 Sep 2005.
- Published by
- BSE
- Kind
- Strategy
- CompaniesCompanies in an index. How many companies the index holds on its current list, which the exchange revises from time to time. Companies in an index in the glossary
- 30
- List last changed
- 30 Sep 2026
- Above 200-day averageMembers above their 200-day average. The share of the index's members whose latest close is above their own average close of the last 200 trading days; members listed too recently to have one are left out. Members above their 200-day average in the glossary
- 5 of 29
Strategy indices
Others in this group, the most used as a fund's benchmark first.All
- BSE Midcap 150 Momentum 3030 companiesP/E 23.55
BSE Select IPO70 companiesP/E 53.74
Nifty Midcap150 Quality 5050 companiesP/E 28.56
Nifty MidSmallcap400 Momentum Quality 100100 companiesP/E 28.01
Nifty Top 10 Equal Weight10 companiesP/E 16.04
Nifty100 Quality 3030 companiesP/E 25.13
Nifty200 Alpha 3030 companiesP/E 16.72- Nifty200 Value 3030 companiesP/E 8.54
BSE 200 Equal Weight Index200 companiesP/E 22.70- BSE Enhanced Value Index30 companiesP/E 8.65