MSCI India Domestic Small Cap Index announces inclusion of 43 stocks which includes GRSE, Mirza International and many more!
The MSCI India Domestic Small Cap Index since May 30, 2008 has delivered an annualized return of 10.57 per cent as against 5.05 per cent and 9.74 per cent of MSCI Emerging Markets and MSCI India Index, respectively.
The MSCI on November 10, in its Semi-Annual Index Review announced changes in constituents for the MSCI India Domestic Small Cap Index.
The MSCI India Domestic Small Cap Index is designed to measure the performance of the small cap segments of the domestic Indian market. The index is based on the MSCI Global Investable Market Indexes and uses the Domestic Inclusion Factor (DIF) as the free-float adjustment factor for the market capitalization of each security.
In its recent review, 43 securities have been added, while 16 securities have been deleted from The MSCI India Domestic Small Cap Index.
43 securities which have been added to The MSCI India Domestic Small Cap Index are as follows: Apar Industries, Arvind Fashions, Astec Lifesciences, Barbeque Nation, BLS International, Borosil, CMS Info Systems, Craftsman Automation, Data Patterns India, Elecon Engineering, Elgi Equipments, Fineotex Chemical, Garden Reach Shipbuilders (GRSE), Himadri Speciality Chemicals, Hinduja Global Solutions, Hindustan Foods, Ingersoll-Rand India, JK Tyre & Industries, Kennametal India, Kirloskar Ferrous Ind, Kirloskar Oil Engines, KRBL, La Opala, Latent View Analytics, LT Foods, Meghmani Finechem, Mirza International, Neogen Chemicals, Paradeep Phosphates, PC Jeweller, Power Finance Corp, Rainbow Children's Medicare, Rajratan Global Wire, Reliance Infrastructure, RITES, Rolex Rings, Safari Industries, Sansera Engineering, Tarsons Products, Tata Coffee, Tatva Chintan Pharma, VRL Logistics, West Coast Paper Mills.
Securities which have been deleted are as follows: Ashok Leyland, Astral, AU Small Finance Bank, Canara Bank, CG Power, Gujarat Fluoro, Indian Hotels, Lloyds Metals, Polycab India, Schaeffler, Spicejet, Tata Elxsi, Trent, Tube Investment, TVS Motor Co, Varun Beverages.
The following are changes in constituents for the MSCI India Domestic Small Cap Index, which will take place as of the close of November 30, 2022.
As on October 31, 2022, there were 366 constituents in the MSCI Indian Domestic Small Cap Index with highest weightage, contributed from consumer discretionary of around 18.5 per cent followed by financials at 17.33 per cent.
The MSCI India Domestic Small Cap Index since May 30, 2008 has delivered an annualized return of 10.57 per cent as against 5.05 per cent and 9.74 per cent of MSCI Emerging Markets and MSCI India Index, respectively.