Index Provider FTSE has announced key changes as part of its quarterly index review. FTSE will be implementing the 3rd tranche of India FOL changes on March 19, 2021. These are indicative changes by FTSE and if there are any changes post consultation with stakeholders will be reviewed and communicated by March 05, 2021, and final implementation will be done on March 19, 2021 (Effective March 22, 2021).
The announcement made on February 19, 2021. The adjustment date will be on Friday- March 19, 2021
Analysts note that while the index manager has proposed to add RILPP in the indices, they will have to assess in the run-up to the rebalancing date 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
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