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MSCI Semi-Annual Index Review: Adds 6 Stocks To India Index, 33 To Small Cap Index-Complete List

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As part of its May 2021 semi-annual index review, MSCI (Morgan Stanley Capital International), a global indices provider, will add 6 stocks and delete one from its India index. All of the changes would come into effect from the closing of May 27, 2021.

 

MSCI Adds 6 Stocks Including 3 Adani Shares, Removes 1 From Its India Index

During the Semi-Annual Index Reviews (SAIRs) in May and November, the MSCI Equity Universe is comprehensively updated, and changes in the market structure are reflected in the indexes while maintaining the balance between the objectives of size integrity and market coverage.

Indian Stocks that would be included in MSCI India Index

1. Adani Enterprises
2. Adani Total Gas
3. Adani Transmission
4. SBI Cards
5. Bharat Electronics
6. Cholamandalam Investment and Finance

Exclusions from MSCI Global Standard Index

1. Zee Entertainment Enterprises

Investors all over the world track the indices of MSCI and global funds often build their portfolios on the basis of MSCI's global indices. MSCI earlier during the year changed its methodology for choosing stocks that could be included in its indices.

MSCI's inclusions to its MSCI India Small Cap Index: Following 33 stocks shall be added

• Alok Industries
• Balaji Amines
• BEML
• Brigade Enterprises
• Burger King (India)
• Canara Bank
• Century Plyboards
• CG Power and Industrial
• CAMS
• EPL
• Gujarat Narmada Fert
• Happiest Minds Technologies
• IRCTC
• Indigo Paints
• Intellect Design Arena
• J K Lakshmi Cement
• KNR Constructions
• KPIT Technologies
• Max Healthcare Institute
• Nagarjuna Construction
• Oracle financial Services
• Poly Medicure
• Prism Johnson
• Rain Industries
• Route Mobile
• Shriram City Union Finance
• SKF India
• Solara Active Pharma
• Sumitomo Chemical
• SUN TV
• Supreme Petro
• UTI AMC
• ZEE Entertainment Enterprises

5 stocks to be removed from MSCI India Small Cap Index

These five stocks will be removed from MSCI India Small Cap Index, including those that are being moved to the MSCI India Index:
• Adani Total Gas
• Cholamandalam Investment and Finance
• Hemisphere Properties
• KRBL
• Mishra Dhatu Nigam

 

Huge fund flows expected:

Expected fund inflows and outflows as per the Edelweiss estimates from the stocks
1. Adani Ent +$310Mn
2. Adani Total Gas +$318Mn
3. Adani Transmission + $285Mn
4. SBI Cards +$237Mn
5. Bharat Electronics +$149Mn
6. Chola Inv +196Mn
7. Zee -$140Mn

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