MSCI February Rejig: Financial Giants Move In, IRCTC Derails

In its latest quarterly index review, global index provider MSCI has reshaped India’s presence in the international investment landscape. Effective from the close of February 27, 2026, financial heavyweights Aditya Birla Capital and L&T Finance have been added to the prestigious MSCI Global Standard Index, while state-run IRCTC has been excluded. The Winners: Inflows and Global Visibility The inclusion of Aditya Birla Capital and L&T Finance marks a significant milestone for the Indian financial services sector. Being part of the Global Standard Index is more than a badge of honor; it triggers mechanical buying from passive funds (ETFs) that track the index.

irla Capital: Estimated to attract passive inflows of approximately $257 million. nance: Projected to see fresh investment of around $238 million. inance Bank: While already a constituent, its weightage in the index has been increased due to a float adjustment, likely drawing an additional $172 million in inflows.