How to create my own Index

I’ve been thinking of creating my own index and I also want to track it’s performance.
How do I do it ?
Is it possible ?

Will I be able to launch it to public for showing it’s performance and will I be able to gather funds from public to invest in the companies in my index ?

You can use Smallcase for this purpose. It allows tracking performance -

It is possible to do this via Smallcase itself (via their publisher feature) but it requires that the person/manager be a SEBI-Registered Research Analyst (RA) or Registered Investment Advisor (RIA).

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Thank you