MSCI Emerging Markets Index
India weight in MSCI EM index will be reduced by 28-33 BPS tomorrow, the probable impact on the equity market.
1 - Weight reduction may lead to fund outflows of $700 million.
2 - Possible selling from FII will impact the market considering 11% FPI investments in India is through ETF. FIIs AUM through ETF is $ 40 billion.
3 - FIIs MTD Cash EQ. allocation remained negative @ 3700 Cr after last 4 months positive inflow to 56000 Crs.
4 - Considering the above change & F&O Expiry on Thursday we can expect an impact on the Equity market.
By: via @AlliesFin Serve T.ME/ALLiESFiN
