MOSCOW, May 11 (Reuters) - Russian e-commerce firm Ozon , which obtained a Nasdaq listing in November, is on track to be included in the MSCI Russia Index, analysts said.

The inclusion in the MSCI index usually expands an investor base for such a company, while it is also perceived as a gauge of success given a global risk aversion towards Russia.

Alfa Bank, BCS brokerage, ITI Capital and Sberbank CIB all said online retailer Ozon was likely to be included in the Russian standard index. The decision is expected on Tuesday and will come into effect on May 28.

"We believe Ozon has a high chance for inclusion during May semi-annual review," BCS said.

Sberbank CIB, an investment arm of Russia's largest bank, said Ozon was comfortably above an expected minimum level for entry into the index.

"Our base-case 25% float scenario would imply the stock taking a 1.3% position in the MSCI Russia Standard Index," Sberbank CIB said.

Shares in Ozon fell around 7% to $53.63 on Monday, their lowest since late March, before climbing 1.6% to $55.21 on Tuesday, ahead of the MSCI announcement.

Ozon did not immediately reply to a Reuters request for comment ahead of the MSCI rebalancing decision.

The latest Russian names that got into the MSCI index were lender TCS Group along with internet firms Mail.ru and Yandex.

The MSCI Russia Index includes 24 stocks, covering around 85% of the free float-adjusted market capitalisation in Russia, and is designed to measure the performance of the large and mid-cap segments of the Russian market, according to the MSCI. (Reporting by Andrey Ostroukh; additional reporting by Alexander Marrow; Editing by Steve Orlofsky)