India Could Get Nearly $4B Inflows on US Pension Board’s Index Switch

India Could Get Nearly $4B Inflows on US Pension Board’s Index Switch

Mumbai: Reliance Industries, ICICI Bank, Infosys, HDFC Bank, and TCS could be the primary beneficiaries of a recent decision by the Federal Retirement Thrift Investment Board, a US Pension Fund, to change its benchmark index for its International Stock Index Investment Fund. The move is estimated to result in flows worth $3.7-$3.8 billion into Indian equities in 2024.

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