The CNX MNC Index comprises 15 listed companies in which the foreign shareholding is over 50% and / or the management control is vested in the foreign company

Methodology

CNX MNC index is computed using free float market capitalization weighted method with base date of Dec 1994 and base value of 1000 wherein the level of the index reflects the total free float market value of all the stocks in the index relative to a particular base period. The method also takes into account constituent changes in the index and importantly corporate actions such as stock splits, rights, etc without affecting the index value.

Market Representation

1. The CNX MNC Index represents about 4.64% of the free float market capitalization of the stocks listed on NSE and 80.47% of the free float market capitalization of the stocks forming part of the MNC universe as on December 30, 2011.
   
   

2. The total traded value for the last six months of all Index constituents is approximately 6.74% of the traded value of all stocks on NSE and 89.52% of the traded value of the stocks forming part of the MNC universe.
   

Selection Criteria

Selection of the index set is based on the following criteria :

1. Company's market capitalisation rank in the universe should be less than 500



2. Company's trading frequency should be at least 90% in the last six months



3. Company should have a minimum track record of 3 years of operations with a positive networth.



4. A company which comes out with a IPO will be eligible for inclusion in the index, if it fulfills the normal eligibility criteria for the index for a 3 month period instead of a 6 month period.

*CNX MNC Index was computed using market capitalization weighted method from the launch date till October 08, 2010.

List of CNX MNC Index Stocks