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(THE GIST OF PIB) MSCI Index

(August-2023)

Rural Electrification Corporation Limited under the Ministry of Power, has secured a coveted place in the esteemed Morgan Stanley Capital International (MSCI) Global Standard Index, effective from 1st September 2023.

It is owned by the multinational investment management and financial services company Morgan Stanley.
It is an investment research firm that provides stock indexes, portfolio risk and performance analytics, and governance tools to institutional investors and hedge funds.
It is a leading provider of critical decision support tools, including stock indexes, and services for the global investment community.
MSCI indices facilitate the construction and monitoring of portfolios in a cohesive and complete manner, avoiding benchmark misfit. It has over 160,000 indices in its portfolio.
MSCI has indexes for countries, regions, emerging markets, developed markets, small cap, all cap and even Islamic indexes.
It selects stocks for its equity indexes that are easily traded and have high liquidity, with companies having high free float getting more weightage.
It prefers stocks that have active investor participation, and are without owner restrictions.

The MSCI India Index is designed to measure the performance of the large and mid-cap segments of the Indian market.
With 113 constituents, the index covers approximately 85% of the Indian equity universe.
The index is reviewed quarterly.