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Business Standard
3 days ago
- Business
- Business Standard
India's first BSE 1000 Index Fund is here: Invest in 1,000 cos with Rs 500
Motilal Oswal Mutual Fund (MOMF) on Thursday launched India's first-ever index fund tracking the BSE 1000 Total Return Index, providing investors with a unique opportunity to access a diversified portfolio of the top 1,000 listed companies across large, mid, small, and micro-cap segments. The fund opened for subscription on 5 June under a New Fund Offer (NFO) that will run until June 19, 2025. What is the Motilal Oswal BSE 1000 Index Fund? This new fund passively replicates the BSE 1000 Total Return Index, which covers about 94% of India's listed market capitalization, making it one of the most inclusive equity benchmarks in the country. It spans 22 sectors, offering investors exposure to both industry leaders and high-growth emerging businesses. It offers exposure to a mix of established market leaders and emerging companies across 22 sectors, with the top-10 stock weight capped at 33%, thereby helping to reduce concentration risk. The index also includes micro-cap companies, whose market capitalization and liquidity have grown approximately 5× and 14× respectively over the past five years. All within a passive, free-float weighted structure with semi-annual rebalancing. NFO Period: June 5, 2025 to June 19, 2025 Investment Objective: The investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by BSE 1000, subject to tracking error. However, there can be no assurance or guarantee that the investment objectives of the scheme will be achieved. Benchmark: BSE 1000 Total Return Index Investor Profile: This product is suitable for investors who are seeking long-term capital growth and return that corresponds to the BSE 1000 Total Return Index, subject to tracking error. Minimum application: During the NFO and ongoing Bases: For Lump sum: ₹ 500 and multiples of ₹ 1 thereafter. For the Systematic Investment Plan (SIP), the minimum instalment amount, frequency, number of instalments, and choice of SIP date/day are different and as specified in the Scheme Information Document. 1 % - If redeemed on or before 15 days from the allotment. Nil - thereafter. Why this fund matters: Broad Diversification: Covers companies across all market caps and sectors Reduced Concentration Risk: Top 10 stocks capped at ~33% Passive & Cost-Effective: Semi-annual rebalancing, no active stock picking Aligned with India's Growth: Reflects economic trends in infrastructure, manufacturing, tech, and more According to MOAMCs internal research, India is expected to continue on a strong growth trajectory, supported by strong fundamentals, supportive policies, and robust domestic demand. The International Monetary Fund ('IMF') projects India's GDP growth at 6.2% in 2025 and 6.3% in 2026 economies. "This growth is aligned with India's 'Viksit Bharat 2047' vision, which aims to transform the country into a fully developed, high-income nation by 2047, with a targeted GDP of $23–$35 trillion and per capita income of $15,000–$20,000. As India progresses in areas like technology, manufacturing, energy, and infrastructure, opportunities are likely to arise across multiple sectors. A diversified portfolio like the BSE 1000, encompassing a wide range of listed companies, offers investors a structured way to participate in this evolving growth landscape," Motilal Oswal said in a statement. Who Should invest? This fund is ideal for: Long-term investors seeking capital growth Those looking for passive, diversified exposure to India's equity markets Investors wanting to ride India's transformation journey towards Viksit Bharat 2047 'We are proud to launch India's first index fund tracking the BSE 1000 Total Return Index, giving investors access to India's largest and most inclusive equity index. This fund aims to captures the performance of 1,000 companies spanning large, mid, small, and micro-cap companies across 22 sectors. It provides a diversified exposure to India's corporate sector and is a natural evolution for investors seeking a passive investment option," said Pratik Oswal, Chief of– Passive Business, Motilal Oswal Asset Management Company ('MOAMC'): The Motilal Oswal BSE 1000 Index Fund offers a low-cost, diversified gateway into India's equity markets for those seeking to invest in the country's long-term growth story—from giants to up-and-comers, all in one basket. Mutual Fund investments are subject to market risks, read all scheme-related documents carefully before investing. Past performance is not indicative of future returns. Please consult your financial advisor before making any investment decisions.
Time of India
29-05-2025
- Business
- Time of India
NFO Alert: Groww Mutual Fund launches Nifty 500 Low Volatility 50 ETF
Groww Mutual Fund has announced the launch of the Groww Nifty 500 Low Volatility 50 ETF , an open‐ended scheme that aims to track the Nifty 500 Low Volatility 50 Index - TRI. The New Fund Offer (NFO) is currently open for subscription and will close on June 11. The scheme will reopen for continuous sale and repurchase on or before June 25. The investment objective of the scheme is to generate long-term capital growth by investing in securities of the Nifty 500 Low Volatility 50 Index in the same proportion/weightage, with the aim of providing returns (before expenses) that closely track the total return of the index, subject to tracking errors. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ampliar segurança e conveniência nas compras online é prioridade para 2025 Estúdio Folha Leia mais Undo The scheme will be benchmarked against the Nifty 500 Low Volatility 50 Index - TRI and will be managed by Nikhil Satam, Aakash Chauhan, and Shashi Kumar. During the NFO period, the minimum investment amount is Rs 500, with subsequent investments in multiples of Re 1. Units will be allotted in whole figures, and any balance amount, if below the minimum, will be refunded. Live Events The passive fund will allocate 95–100% of its assets to the constituents of the Nifty 500 Low Volatility 50 Index, and 0–5% to money market instruments, debt securities, and/or units of debt/liquid schemes of domestic mutual funds . Also Read | Fund Consistency: 29 equity mutual funds offer more than 25% CAGR over 3 and 5 years The Groww Nifty 500 Low Volatility 50 ETF will be managed passively, with investments made in the same proportion as the index constituents. The investment strategy is to replicate the index closely and minimize tracking error through regular rebalancing based on changes in stock weights and investor flows. The fund is suitable for investors seeking long-term capital appreciation through exposure to equity and equity-related instruments that form part of the Nifty 500 Low Volatility 50 Index.
Time of India
21-05-2025
- Business
- Time of India
Unifi Mutual Fund launches second NFO
Chennai: Unifi Mutual Fund, part of the Unifi Group, has launched the second New Fund Offer (NFO). It comes after the first fund – Unifi Dynamic Asset Allocation Fund – with a debt-oriented proposition generated an AUM of more than Rs 620 crore within two months of its launch in March this year. The NFO, which was launched on May 19 is available till May 30, 2025. This open-ended equity scheme has the flexibility to invest across large-cap, mid-cap, and small-cap stocks, the company said in a statement on Tuesday. The flexicap fund is the second of three funds that it intends to launch in the initial phase, it added. 'The flexicap fund is our singular offering in the equity segment and enables us to stay focused on achieving long-term capital appreciation. Our portfolio construction approach would be to typically have 40 to 60 positions across five or more sectors offering growth tailwinds and reasonable valuations,' said Saravanan V N, CIO, Unifi Mutual Fund. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
30-04-2025
- Business
- Time of India
NFO Alert: Mirae Asset Mutual Fund launches Nifty50 Equal Weight ETF
Mirae Asset Mutual Fund has launched the New Fund Offer (NFO) for the Mirae Asset Nifty50 Equal Weight ETF , an open-ended scheme replicating/tracking the Nifty50 Equal Weight Total Return Index. According to a release by the fund house, the ETF aims to offer investors equal-weighted exposure across all Nifty 50 stocks. #Pahalgam Terrorist Attack Pakistan's General Asim Munir is itching for a fight. Are his soldiers willing? PM Modi chairs 'Super Cabinet' meeting after giving army 'full freedom' India planning to launch military strike against Pakistan within 24 to 36 hours, claims Pak minister The NFO is currently open for subscription and will close on May 6. The scheme will reopen for continuous sale and repurchase from May 12. During the NFO period, the minimum initial investment is Rs 5,000, with subsequent investments in multiples of Re 1. The fund will be jointly managed by Ekta Gala and Akshay Udeshi. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Also Read | MF Tracker: HDFC Small Cap Fund turns Rs 10,000 SIP to Rs 1.14 crore in 17 years The Nifty50 Equal Weight Index assigns equal weight (~2%) to all Nifty 50 large-cap stocks, reducing concentration risk in individual stocks and offering better diversification. This structure gives relatively more weight to tail-end stocks, making the index more representative of broader market trends, the release noted. Live Events The index tends to exhibit cyclical performance—potentially outperforming during broad-based market rallies but underperforming during corrections or when markets are led by a few large-cap names. 'This ETF seeks to capitalise on opportunities in the large-cap segment during phases of broad-based economic growth, by providing equal opportunity to each company in the Nifty 50,' said Siddharth Srivastava, Head – ETF Products and Fund Manager, Mirae Asset Investment Managers (India). Also Read | Akshaya Tritiya: How gold ETFs performed in last 10 calendar years Investors looking for more diversified exposure to Nifty 50 stocks—with lower concentration in top constituents and increased participation from tail stocks—may find this strategy appealing. It is particularly suited for periods of broad market participation, when gains are more evenly distributed across sectors and companies.
Time of India
29-04-2025
- Business
- Time of India
NFO Alert: UTI Mutual Fund launches multi-cap fund
UTI Mutual Fund has launched the UTI Multi Cap Fund , an open-ended equity scheme investing across large-cap, mid-cap, and small-cap segments. Positioned as 'multi-vitamins for your portfolio,' the fund offers investors a single-portfolio solution blending all market caps, according to a release by the fund house. #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" The New Fund Offer (NFO) is open for subscription and will close on May 13. The fund follows a 3S approach—Size, Sectors, and Style—to multi-cap investing, designed to weather different market cycles. The minimum investment amount is Rs 1,000, and in multiples of Re 1 thereafter. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » With a disciplined minimum allocation of 25% in each market cap segment, the UTI Multi Cap Fund aims to provide optimal portfolio diversification . The fund follows a blend strategy, investing in sustainable businesses, companies with strong fundamentals available at attractive valuations, and potential turnaround stories. The focus will be on identifying bottom-up stock opportunities from UTI's investment coverage universe, powered by UTI's proprietary Score Alpha research framework, which evaluates companies based on consistent operating cash flows and robust return ratios. Live Events Given the fund's mandate and diversification needs, portfolio turnover could be relatively higher compared to other UTI Mutual Fund strategies, driven by active adjustments to align with market dynamics. Also Read | Global MFs recover post Tariff lows. How long will momentum sustain? The scheme will be managed by Karthikraj Lakshmanan and benchmarked against the Nifty 500 Multicap 50:25:25 TRI. The fund offers Regular and Direct plans with Growth option only. An exit load of 1% will be applicable if redeemed or switched out within 90 days, and nil thereafter. Vetri Subramaniam, Chief Investment Officer, UTI AMC, said: 'UTI Multi Cap Fund reflects our broader commitment to offering thoughtfully designed investment solutions that align with long-term wealth creation. It is designed as an all-rounder investment solution that adapts to market cycles. It draws from our allocation philosophy and showcases the depth of our equity research capability across sectors and business cycles. We believe this is an effective addition for investors looking to build a core equity portfolio with strategic diversification.' This product is suitable for investors seeking long-term capital appreciation with investments predominantly across large-cap, mid-cap, and small-cap stocks. Karthikraj Lakshmanan, Fund Manager, UTI AMC, added: 'UTI Multi Cap Fund is built to help investors access the full spectrum of India's equity market through one well-structured portfolio. With disciplined exposure to large, mid, and small-cap stocks, the fund seeks to offer a balance of risk and return. It's designed to dynamically adjust to different market phases and support long-term goals by combining quality businesses, recovery-led ideas, and sector opportunities.' With the launch of the UTI Multi Cap Fund , UTI Mutual Fund further expands its equity offerings. As one of India's largest equity fund managers, UTI AMC manages Rs 1.29 lakh crore across 28 actively managed equity, hybrid, and solution schemes, reinforcing its position as a trusted partner for long-term investors.
