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

The CNX MNC Index is calculated using the market capitalisation weighted method, wherein individual stocks are weighted by market value. The base period is the month of December, 1994 indexed to a value 1000.


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.

List of CNX MNC Index Stocks