Nippon India launches new passive fund to track BSE Sensex Next 30 Index
BSE Sensex Next 30 TRI has consistently delivered superior returns compared to BSE Sensex. (AI image)
Nippon India Mutual Fund
has introduced a new
passive fund
offering. The Nippon India
BSE Sensex Next 30 Index
Fund will track the
BSE Sensex
Next 30 Index. Subscriptions begin on May 21 and end on June 4, 2025. Investors now have an opportunity to place their money in underrated blue-chip organisations poised for potential inclusion in the BSE Sensex.
The BSE Sensex Next 30 Index consists of enterprises that belong to BSE 100 whilst not being included in BSE Sensex. These 30 organisations are established blue-chip companies with prospects of joining the primary BSE Sensex. Over the past decade, 20 companies have progressed from BSE Sensex Next 30 to BSE Sensex. This index uniquely represents substantial organisations that other indices do not include.
The performance data shows that BSE Sensex Next 30 TRI has consistently delivered superior returns compared to BSE Sensex, making it an appealing choice in the ETF sector.
The index achieved a CAGR of 26% over five years, whilst BSE Sensex returned 20.3%. During the three-year period, the Next 30 Index delivered 15.7% returns, surpassing the Sensex's 13.4%. Additionally, the BSE Sensex Next 30 Index has demonstrated notably stronger performance compared to both Nifty 50 and Nifty Next 50 TRI over the previous five-year duration.
The BSE Sensex Next 30 comprises a diverse portfolio spanning 12 sectors.
The index includes prominent corporations such as JSW Steel, Interglobe Aviation, Grasim, ONGC, Bajaj Auto, Adani Enterprises, BPCL, Dr Reddy's Laboratories and Wipro, amongst others.
'The 'Nippon India BSE Sensex Next 30 ETF' and 'Nippon India BSE Sensex Next 30 Index Fund' are strategic additions to our passive product suite. These schemes provide access to a lesser-explored segment of large caps with strong potential through a low-cost, passive approach,' said Arun Sundaresan, Head ETF, Nippon Life India Asset Management.
'As Indian equity markets evolve and broaden, these funds offer investors a unique avenue for diversification and
long-term wealth creation
. Large Cap oriented strategies appear better placed on a risk-reward basis, making them a core part of long-term portfolios. As the Indian equity landscape broadens, such differentiated strategies can play a core role in long-term portfolios,' he added.
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