The MVIS® India Index (MVIND) tracks the performance of the largest and most liquid companies in India. The index is a modified market cap-weighted index, and it also includes non-local companies incorporated outside India that generate at least 50% of their revenue in India. MVIND covers at least 90% of the investable universe.
Learn how to license this index| Component | Country | Non-local | Allocation | Weight |
|---|---|---|---|---|
| RELIANCE INDS-SPONS GDR 144A | IN | - | - | 6.95% |
| HDFC BANK LTD-ADR | IN | - | - | 6.28% |
| ICICI BANK LTD-SPON ADR | IN | - | - | 4.46% |
| INFOSYS LTD | IN | - | - | 4.23% |
| TATA CONSULTANCY SVCS LTD | IN | - | - | 3.40% |
| BHARTI AIRTEL LTD | IN | - | - | 2.30% |
| AXIS BANK LTD- GDR REG S | IN | - | - | 2.00% |
| LARSEN & TOUBRO LTD ORD | IN | - | - | 1.90% |
| HINDUSTAN UNILEVER LTD | IN | - | - | 1.74% |
| KOTAK MAHINDRA BANK LIMITED | IN | - | - | 1.50% |
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The white area of the table shows the number of companies incorporated in a certain country and the country's weight in the index.
Countries marked with (*) are the home of non-local companies. Non-local companies are companies, incorporated in these countries, that generate at least 50% of their revenues in the index target.
The number of non-local companies is declared in column «non-local». The count of components and weights in the grey area is achieved by reassigning the non-local companies to the country or region covered by the index.
| Country | Components | Weight | Non-Local | Components | Weight |
|---|---|---|---|---|---|
| India | 249 | 99.11% | 7 | 256 | 100.00% |
| Bermuda (*) | 1 | 0.23% | - | - | - |
| United States (*) | 1 | 0.22% | - | - | - |
| Mauritius (*) | 1 | 0.19% | - | - | - |
| Jersey (*) | 1 | 0.12% | - | - | - |
| Canada (*) | 1 | 0.06% | - | - | - |
| United Kingdom (*) | 1 | 0.04% | - | - | - |
| Sweden (*) | 1 | 0.02% | - | - | - |
| Total | 256 | 100.00% | 7 | 256 | 100.00% |
The weighting of a certain sector in an index is based on the weightings of the index components allocated to this sector. The table below displays the number of index components by sectors.
The columns coloured in grey represent hypothetical values assuming that the index would not include non-local companies.
| Sector | Components | Weight | Components | Weight | Difference | Difference % |
|---|---|---|---|---|---|---|
| Energy | 8 | 9.52% | 8 | 9.60% | 0 | -0.09% |
| Industrials | 34 | 9.32% | 31 | 8.82% | 3 | 0.50% |
| Materials | 40 | 9.13% | 40 | 9.21% | 0 | -0.08% |
| Consumer Staples | 17 | 6.45% | 17 | 6.51% | 0 | -0.06% |
| Health Care | 24 | 5.94% | 24 | 6.00% | 0 | -0.05% |
| Utilities | 15 | 4.74% | 14 | 4.75% | 1 | 0.00% |
| Communication Services | 9 | 3.26% | 9 | 3.29% | 0 | -0.03% |
| Financials | 51 | 26.92% | 50 | 27.10% | 1 | -0.18% |
| Information Technology | 16 | 12.18% | 15 | 12.27% | 1 | -0.08% |
| Consumer Discretionary | 34 | 11.07% | 33 | 10.98% | 1 | 0.09% |
| Real Estate | 8 | 1.47% | 8 | 1.48% | 0 | -0.01% |
| Total | 256 | 100.00% | 249 | 100.00% |
| Size | Market Cap | Components | Weight |
|---|---|---|---|
| Large-Cap | 3,208,567,229,000 USD | 145 | 88.69% |
| Mid-Cap | 394,368,871,600 USD | 108 | 11.19% |
| Small-Cap | 3,202,286,900 USD | 3 | 0.12% |
| Micro-Cap | - | - | - |
| Total | 3,606,138,387,500 USD | 256 | 100.00% |
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