CESC replaces Schneider Electric Infrastructure

FTSE Group, the award-winning global index provider, and IDFC announced that CESC replaces Schneider Electric Infrastructure from 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 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).

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