NSE has announced to replace VEDL by HDFCLIFE in Nifty effective from July 31, 2020. The rebalancing will be done on July 30, 2020. As estimated earlier, we expect following flows based on fund size of ~USD10 billion

VEDL: Selling of ~USD 49 million | 33.5 million shares | 5.2x average delivery volumes.

HDFCLIFE: Buying of ~USD 95 million |13.4 million shares | 7.9x average delivery volumes.