MSCI India Index Rebalancing: All About MSCI Index

MSCI India Index Rebalancing: All About MSCI Index
MSCI India Index Rebalancing: All About MSCI Index

by Nikita Bhoota Last Updated: Sep 12, 2023 - 06:31 pm 72.2k Views
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What is MSCI Index India?

The MSCI India Index is designed to measure the performance of the large and midcap segments of the Indian market. With 96 constituents, the index covers approximately 85% of the Indian equity universe. The MSCI India Index was launched on Apr 30, 1993.
 

Index Performance — Gross Returns (%) (Apr 30, 2021)

Index 1M 3M 1Y YTD 3Y 5Y 10Y Since

30 Dec'94

MSCI India 0.39 8.32 48.94 5.65 11.33 13.43 10.03 11.42

Source: MSCI

 

Fundamentals

Index Dividend Yield (%) P/E P/E Fwd P/BV
MSCI India 1.01 36.02 21.09 3.41

Source: MSCI

 

Top 10 Constituents

Companies Index Wt (%) Sector
Reliance Industries 9.95 Energy
Infosys 8.07 Info Tech
HDFC 7.23 Financials
ICICI Bank 5.36 Financials
TCS 4.98 Info Tech
HUL 3.38 Cons Staples
Axis Bank 2.83 Financials
Bajaj Finance 2.59 Financials
Bharti Airtel 2.3 Comm Srvcs
HCL Technologies 1.71 Info Tech
Total 48.4 -

Source: MSCI

 

Sector Weights:

Sector Weights pie chart

Source: MSCI


The financial sector forms the major part of the MSCI India Index. Similarly, the Indian benchmark indices Nifty 50 and Sensex have also given higher weightage to the financial sector 37.82% and 33.16% respectively.


Rebalancing/Changes in constituents for the MSCI India Domestic Index

The following are changes in constituents for the MSCI India Domestic Index, which will take place as of the close of May 27, 2021. 

In the semi-annual review, May 2021, five stocks were added, and three were removed from MSCI India Index.

The 5 stocks added in the MSCI India Index are -

- Adani Enterprises

- Adani Total Gas

- Adani Transmission

- Apollo Hospital and

- SBI Cards and Payments

Stocks deleted from MSCI India Index are - 

- Zee Entertainment Enterprises

- TVS Motors and

- Abbott India

MSCI India Domestic Small Cap Index

The following are changes in constituents for the MSCI India Domestic Small Cap Index, which will take place as of the close of May 27, 2021.

In the semi-annual review released on Wednesday, 12 May,2021, thirty- four stocks were added, and Five were removed MSCI India Domestic Small Cap Index
The 34 stocks added in the MSCI India Domestic Small Cap Index are Abbott India, Alok Industries, Balaji Amines, Burger King India, Canara Bank, Cg Power & Industrial, Computer Age Management, Epl, Happiest Minds Tech, Indian Rail Cater & Tour, Indigo Paints, Intellect Design Arena, Kpit Technologies (New), Max Healthcare Institute, Nagarjuna Construction, Oracle Finl Svcs Softw, Poly Medicure, Prism Johnson, Route Mobile, Sequent Scientific (Is), Shriram City Union Fin, Skf India, Solara Active Pharma, Sumitomo Chemical India, Sun Tv Network, Supreme Industries, Supreme Petrochem, Trent, Tvs Motor Co, Uti Asset Management, Vardhman Textiles, Vst Industries, Zee Entertainment Ent, Zensar Technologies.

Adani Total Gas, Apollo Hospitals, Hemisphere Properties, KRBL and Mishra Dhatu Nigam have been deleted from the MSCI India Domestic Small Cap Index.

 

Disclaimer: The above report is compiled from information available on the public platforms. These are not buy or sell recommendations.

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