FTSE Rejig Due On March 19 To See Inclusion Of Reliance PP Shares In Large Cap

FTSE, the index provider as part of its quarterly index review has announced some changes. And on March 19, 2021, the new set of changes shall be implemented. And further changes based on consultation with stakeholders if any shall be communicated by March 5, 2021 and final implementation will be made on March 19, 2021 (Effective March 22, 2021).

FTSE Rejig Due On March 19 To See Inclusion Of Reliance PP Shares In Large Cap

There is an analysts take that while index managers have proposed inclusion of RILPP, they will in the long run oversee how it will work as the instrument is still a partly paid-up one.

"FTSE announced its Mar-21 Semi-Annual Rebal results last Friday for India wherein 29 stocks are getting added in the All Cap Index while 5 names are migrating to the All-World Index. The adjustments that are proposed to be made on 19-Mar-21 will also see FTSE implementing its 3rd round of India Float adjustments which is likely to lead to potential inflows of ~$800mn-1bn into India. Few high impact inclusions are Honeywell Auto, HAL and VBL" - Sriram Velayudhan, VP, Alternative Research, IIFL Securities

Large Cap Index

Inclusions
• Reliance PP (Partly Paid Up Shares)
• Adani Enterprises
• Adani Total Gas

Exclusions
• United Breweries
• PNB

Mid Cap Index
Key Inclusions

• Honeywell Automation
• Hindustan Aeronautics
• Apollo Hospitals
• Mindtree
• Varun Beverages
• United Breweries
• PNB

Key Exclusions
• Adani Ent
• Future Retail