The investment objective of the iShares MSCI India ETF is to replicate as closely as possible, before expense, the performance of the MSCI India Index. As at 28 April 2006, the 10 largest constituent stocks of the Index (the top 20 of such constituents which are listed below in order of market capitalisation), represented in excess of 55 per cent of the total market capitalisation, based on total shares in issue, of the Index.
BGI is ranked as the world's largest asset managers1, with more than $1.6 trillion in assets under management as at the end of June 2006. BGI is the largest manager of index funds2 and the global leader in the ETF business with a worldwide market share of 48%3. iShares are part of a family of over 166 exchange-traded funds ("ETFs") from BGI and are currently trading on over 10 different stock exchanges around the world.
The MSCI India Index is a free-float weighted equity index representing about 69 companies with combined market capitalization of 18.7 trillion rupees. It was developed with a base value of 100 as of 31 December 1992.
As at 23 February 2007
Constituent Name |
Weight (%) |
|
Constituent Name |
Weight (%) |
Infosys Technologies Ltd |
14.40 |
|
Siemens India Ltd |
0.67 |
Reliance Industries Ltd |
12.80 |
|
Sun Pharmaceuticals Industries Ltd |
0.67 |
ICICI Bank Ltd |
8.31 |
|
Indian Hotels Co Ltd |
0.63 |
Housing Development Finance Corp |
4.27 |
|
Indiabulls Financial Services - Set up f |
0.61 |
Reliance Communications Ltd |
4.14 |
|
Tata Power Co Ltd |
0.59 |
Satyam Computer Services Ltd |
3.17 |
|
ABB Ltd India |
0.55 |
Oil & Natural Gas Corp Ltd |
3.10 |
|
Bharat Forge Ltd |
0.48 |
HDFC Bank Ltd |
2.99 |
|
Jindal Steel & Power Ltd |
0.44 |
ITC Ltd |
2.72 |
|
Ultra Tech Cement Ltd |
0.42 |
Larsen & Toubro Ltd |
2.51 |
|
Glenmark Pharmaceuticals Ltd |
0.40 |
Tata Consultancy Services Ltd |
2.39 |
|
Mahanagar Telephone Nigam |
0.39 |
Tata Motors Ltd |
2.31 |
|
Jaiprakash Associates Ltd |
0.39 |
Hindustan Lever Ltd |
2.14 |
|
IDFC Ltd |
0.37 |
Bharat Heavy Electricals Ltd |
1.96 |
|
Bharat Petroleum Corp Ltd |
0.37 |
Wipro Ltd |
1.82 |
|
Bharat Electronics Ltd |
0.36 |
Mahindra & Mahindra Ltd |
1.75 |
|
GlaxoSmithKline Pharmaceuticals Ltd |
0.35 |
Bajaj Auto Ltd |
1.27 |
|
Hindustan Petroleum Corp Ltd |
0.33 |
Grasim Industries Ltd |
1.21 |
|
Videsh Sanchar Nigam Ltd |
0.33 |
Dr Reddy's Laboratories Ltd |
1.16 |
|
Nestle India Ltd |
0.32 |
Cipla Ltd/India |
1.10 |
|
Indian Petrochemicals Co |
0.31 |
Reliance Capital Ltd |
1.07 |
|
Asian Paints Ltd |
0.31 |
GAIL India Ltd |
1.05 |
|
Zee Entertainment Enterprises Ltd - Set |
0.28 |
Hindalco Industries Ltd |
1.04 |
|
Tata Tea Ltd |
0.27 |
Gujarat Ambuja Cements Ltd |
1.00 |
|
Moser Baer India Ltd |
0.27 |
Tata Steel Ltd |
0.92 |
|
Ashok Leyland Ltd |
0.24 |
Maruti Udyog Ltd |
0.88 |
|
Bank of Baroda |
0.23 |
Hero Honda Motors Ltd |
0.82 |
|
Bajaj Hindusthan Ltd |
0.18 |
State Bank of India Ltd |
0.82 |
|
Nicholas Piramal India Ltd |
0.18 |
UTI Bank Ltd |
0.82 |
|
Biocon Ltd |
0.16 |
Reliance Energy Ltd |
0.79 |
|
Jet Airways India Ltd |
0.16 |
Ranbaxy Laboratories Ltd |
0.75 |
|
Colgate-Palmolive India Ltd |
0.15 |
Indiabulls Financial Services Ltd |
0.75 |
|
Britannia Industries Ltd |
0.10 |
Kotak Mahindra Bank Ltd |
0.73 |
|
Arvind Mills Ltd |
0.09 |
ACC Ltd |
0.71 |
|
Matrix Laboratories Ltd |
0.09 |
Zee Entertainment Enterprises Ltd |
0.68 |
|
|
|
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