MSCI INDIA Futures (INR)

  • The index is based on the MSCI Global Investable Indexes (GIMI) Methodology—a comprehensive and consistent approach to index construction that allows for meaningful global views and cross regional comparisons across all market capitalization size, sector and style segments and combinations. This methodology aims to provide exhaustive coverage of the relevant investment opportunity set with a strong emphasis on index liquidity, investability and replicability.

    The index is reviewed quarterly—in February, May, August and November—with the objective of reflecting change in the underlying equity markets in a timely manner, while limiting undue index turnover. During the May and November semi-annual index reviews, the index is rebalanced and the large and mid capitalization cutoff points are recalculated.

    Contract Features
    • Broad India market exposure with a single trade
    • US $ denominated; cash settled
    • Tax Free- No STT, Zero Capital Gains tax
    • Trade India outside India market hours
    • Efficient margining for optimal leverage
    • Competitive Transaction costs
    • Block Trade facility available
    Contract Uses
    • Hedge your Indian equity portfolio
    • Replicate your macro India view offshore
    • Trade Volatility of Indian stocks
    • Trade Calendar spreads
    • Profit from price anomalies of highly correlated contracts
  • ContractParameters
    Contract Type Future
    Contract Name MSCI India Futures (INR, PRICE)
    Contract Symbol DMSI
    Underlying MSCI India (INR, PRICE) Index
    Contract Size 25 Index Points
    Notional Contract Value 25 x price
    Trading Currency USD
    Settlement Currency USD
    Price Quote US $
    Tick Size 0.5
    Tick Value US$ 12.50
    Settlement Basis Cash Settled
    Final Cash Settlement Price (FCSP) FCSP is based on the closing price of the MSCI (INR, PRICE) published by MSCI on Last Trading Day, rounded to the nearest tick
    Last Trading Day (LTD) Last Thursday of the calendar month
    Trading Days Exchange Business Days*
    Trading Hours 07:00 – 23:55 Hours Dubai time
    Trading Months Monthly contracts for three months forward plus one quarterly contract (e.g. Jan, Feb, Mar and Jun)
    New Contract Listing Business Day immediately following the Last Trading Day
    Max Order Size 200 Lots
    Wholesale Trades Block Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution
    No Cancellation Range See link: www.dgcx.ae/price-limits


    *See Exchange By-Laws Part P