MVIS India Small-Cap Index

The modified market cap-weighted index tracks the performance of the most liquid small-cap companies in India. Its unique pure-play approach expands local exposure to include non-local companies that generate at least 50% of their revenues in India. The MVIS India Small-Cap Index (MVSCIF) covers 100% of the investable universe and has been licensed to underlie financial products with currently USD 121.97 million in assets under management.

Country Weightings

The white area of the table shows the number of companies incorporated in a certain country and the country's weight in the index.
Countries marked with (*) are the home of non-local companies. Non-local companies are companies, incorporated in these countries, that generate at least 50% of their revenues in the index target.

The number of non-local companies is declared in column «non-local». The count of components and weights in the grey area is achieved by reassigning the non-local companies to the country or region covered by the index.

CountryComponentsWeightNon-localComponentsWeight
United States (*)1 3.33%---
Japan (*)1 1.45%---
India165 94.36%4 169 100.00%
Cayman Islands (*)1 0.18%---
Isle of Man (*)1 0.68%---
Total169 100.00%4 169 100.00%

Sector Weightings

The weighting of a certain sector in an index is based on the weightings of the index components allocated to this sector. The table below displays the number of index components by sectors.
The columns coloured in grey represent hypothetical values assuming that the index would not include non-local companies.

SectorComponentsWeightComponentsWeightDifferenceDifference %
Energy2 0.38%2 0.41%0 -0.02%
Materials41 16.43%41 17.42%0 -0.98%
Industrials32 21.47%31 21.22%1 0.25%
Consumer Discretionary 23 10.20%22 10.62%1 -0.42%
Consumer Staples9 7.08%9 7.50%0 -0.42%
Health Care14 12.12%14 12.84%0 -0.72%
Financials21 11.36%21 12.04%0 -0.68%
Information Technology15 13.96%14 11.26%1 2.70%
Telecommunication Services8 5.89%7 5.52%1 0.37%
Utilities4 1.10%4 1.17%0 -0.07%
Total169 100.00%165 100.00%

Size Weightings

  • Large-Cap: companies with a market capitalisation above 6,000 mln USD
  • Mid-Cap: companies with a market capitalisation from 1,500 mln to 6,000 mln USD
  • Small-Cap: companies with a market capitalisation from 200 mln to 1,500 mln USD
  • Micro-Cap: companies with a market capitalisation up to 200 mln USD
SizeMarket CapComponentsWeight
Large-Cap---
Mid-Cap3,714,274,500 USD2 4.57%
Small-Cap69,245,664,340 USD129 88.27%
Micro-Cap5,395,042,188 USD38 7.17%
Total78,354,981,028 USD169 100.00%
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