FTSE Group (“FTSE”), the award-winning global index provider, and IDFC today announced that there are no changes to the FTSE IDFC India Infrastructure 30 Index, following the semi-annual review of the FTSE IDFC India Infrastructure Index Series.
The growth of the Indian economy has stimulated both domestic and global investor interest in the Indian infrastructure sector. Created in 2007, the FTSE IDFC India Infrastructure Index Series provides unique access to the infrastructure-related subsectors of the Indian market and is designed to represent the performance of those Indian companies that generate the majority of their revenue from infrastructure.
The five largest constituents of the index are:
|
Rank |
Constituent Name |
ICB Supersector |
Net Market Cap (USDm) |
Weighting |
|
1 |
Bharti Airtel |
Telecommunications |
3,837.83 |
9.37% |
|
2 |
Larsen & Toubro |
Construction & Materials |
3,733.39 |
9.11% |
|
3 |
NTPC |
Utilities |
3,715.93 |
9.07% |
|
4 |
Power Grid Corp of India |
Utilities |
2,748.34 |
6.71% |
|
5 |
Adani Ports and Special Economic Zone |
Industrial Goods & Services |
2,408.53 |
5.88% |
|
|
Total |
|
16,444.02 |
40.14% |
Source: FTSE Group, data as at 25 August 2014
The FTSE IDFC India Infrastructure Index Series utilises FTSE’s definitive global classification standard – Industry Classification Benchmark (ICB) – to classify Indian infrastructure securities accurately. The transparent and comprehensive classification system enables categorisation of individual securities across four levels of granularity: Industry, Supersectors, Sectors and Subsectors and covers a universe of 75,000 stocks worldwide, including India, in one single data source.
The series is reviewed semi-annually in accordance with the index ground rules which ensure that both the tradable FTSE IDFC India Infrastructure 30 Index and the benchmark version (FTSE IDFC India Infrastructure Index) continue to represent accurately the investable universe which is the basis of index-linked products, such as funds, structured products and Exchange Traded Funds (ETFs). Constituents adding the FTSE IDFC India Infrastructure Index are:
|
|
Inclusions |
|
1. |
KSB Pumps |
|
2. |
Simplex Infrastructures |
|
3. |
Honda Siel Power Products |
|
4. |
Reliance Industrial Infrastructure |
|
5. |
Voltamp Transformers |
|
6. |
Noida Toll Bridge Company Ltd |
|
7. |
Gujarat Pipavav Port |
|
8. |
Techno Electric & Engineering |
|
9. |
Gati |
|
10. |
Patel Engineering |
|
11. |
Supreme Infrastructure India |
|
12. |
Diamond Power Infrastructure |
All constituent changes take effect at the start of business on 22 September 2014 and the next review will take place on 6 March 2015.
For more information about the FTSE IDFC India Infrastructure Index Series please visit:
