MSCI’s index rejig will add 14 Indian smallcap stocks to its smallcap index, with potential inflows of about $135 million. Some firms face pressure: Jubilant Foodworks and Kalyan Jewellers are set for net outflows after exclusion from the MSCI Standard index. Meanwhile, names such as Escorts Kubota and IREDA could attract sizable inflows from index funds tracking MSCI.
Eleven new mutual fund NFOs launched in April mobilised ₹828 crore, with index funds accounting for the bulk of the money. The top inflows came from the SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund, underscoring investor appetite for short-dated debt index exposure even as fund launches continue to expand.
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