The fund is an open-ended scheme designed to replicate the performance of the BSE 1000 Total Return Index, which includes the top 1,000 listed companies across large, mid, small, and micro-cap segments, representing around 94% of India’s listed market capitalisation.
Key features:
- Benchmark: BSE 1000 Total Return Index
- Investment objective: To deliver returns that closely track the index, subject to tracking error
- Minimum investment: ₹500 during NFO and thereafter
- Exit load: 1% if exited within 15 days of allotment, nil thereafter
The fund aims to offer broad diversification across 22 sectors, with the top 10 stocks capped at roughly 33% weight to reduce concentration risk. It also includes exposure to growing micro-cap companies.Fund management:
The fund will be jointly managed by:
- Swapnil Mayekar (Equity component)
- Dishant Mehta (Associate – Equity)
- Rakesh Shetty (Debt component)
Industry context
The BSE 1000 Total Return Index offers a free-float weighted, semi-annually rebalanced exposure to India’s broad equity market. According to Motilal Oswal AMC, India’s economic growth, as projected by the IMF (6.2% in 2025 and 6.3% in 2026), supports the case for a diversified equity investment strategy.
Asia Index, which developed the BSE 1000 Index, highlighted that the index reflects the deepening of India’s capital markets and provides a mix of both established and emerging companies.
This product is intended for investors seeking long-term capital growth via a passive investment strategy tied to India’s overall market performance.
