Sattvic Index India: India now has three very different ways to pick stocks for people who want their money to match their beliefs. BSE Index Services has launched the BSE Saatvik 100, a new index built from the BSE 500. The official methodology says it tracks companies that fit Saatvik principles, and the index was launched on 17 June 2026.
This index does not just look at profit and size. It also looks at what kind of business a company runs. The BSE methodology says companies that clash with Saatvik ideas are left out. These ideas include non-violence, compassion for living beings, and avoiding toxic or addictive products and habits. The screening also removes businesses tied to alcohol, tobacco, gambling, vulgar entertainment, narcotics, leather, meat and poultry, pesticides, insecticides, and animal cruelty.
Important Points About Loan Against Shares Interest Rate to Know
How are Saatvik, Sharia and ESG Different?
The three themes may sound similar, but they work in very different ways. The BSE Saatvik 100 is a value-based index. The Nifty Shariah 25 follows Islamic rules. The BSE 100 ESG Index is based on environmental, social and governance scores. That means each one uses a different filter.
| Index | What it looks for | What it leaves out |
|---|---|---|
| BSE Saatvik 100 | Companies from the BSE 500 that match Saatvik principles. It uses float-adjusted market cap and keeps 100 stocks. | Alcohol, tobacco, gambling, vulgar entertainment, narcotics, leather, meat and poultry, pesticides, insecticides, animal cruelty, and other businesses that go against Saatvik ideas. |
| Nifty Shariah 25 | Stocks that follow Islamic investing rules. The index is reviewed monthly and fully rebalanced twice a year. | Interest-based lending or borrowing, so banks and NBFCs have little to no place in it. It also avoids alcohol, gambling and pork-related businesses. |
| BSE 100 ESG | Companies from the BSE 100 with ESG scores above the set mark. A company must have a score of at least 60 to stay in. | It does not ban one whole business type by default. Instead, it removes firms with weak ESG scores or no coverage. |
What Investors Notice first
One big surprise in the Saatvik index is that banks are still inside it. A recent index snapshot shows HDFC Bank with the highest weight at 9.71%, followed by ICICI Bank at 7.69% and Reliance Industries at 7.65%. Financial services also make up the biggest sector share in the index at 37.55%, which shows that banking is not automatically banned here, reported Mint.
HDFC Bank Raises MCLR by Up to 10 Bps Across Tenors From June 8: Check New Loan Rates
That is very different from Sharia investing. Under Sharia rules, companies that earn money from interest-based lending or borrowing are screened out, so banks and NBFCs usually have little or no place in the index. The ESG model is different again. It does not ask whether a business is religiously allowed. It asks how the company scores on the environment, society, and governance.
