DSP Asset Managers has launched the New Fund Offer (NFO) for DSP MSCI India ETF, an open-ended scheme designed to replicate and track the MSCI India Index.
The NFO period runs from November 10, 2025, to November 17, 2025, offering investors an opportunity to participate in a diversified portfolio covering large and midcap stocks listed in India.
The MSCI India Index tracks large and midcap stocks listed in India and covers 85% of MSCI's India Investable Equity Universe. As per NSE's listed universe, it covers 75% of the Indian stock market based on free float market capitalisation.
Currently, the index comprises 160 constituents, including 92 large caps and 68 midcaps. The index was launched in 1993 and is one of the oldest India-oriented indices tracked by foreign investors.
The scheme's investment objective is to generate returns commensurate with the performance of the MSCI India Index, subject to tracking error. The minimum application amount during NFO is ₹5,000 and any amount thereafter.
The fund carries an expense ratio of up to 0.3%, with no exit load applicable. Fund managers Mr Anil Ghelani and Mr Diipesh Shah will oversee the portfolio.
MSCI has been representing global markets for 55 years with $18.3 trillion assets under management benchmarked to MSCI indices globally.
Passive investment in India by foreign investors through MSCI indices amounts to $81 billion, which is as sizeable and significant as domestic mutual fund passive assets under management.
The data includes $104 billion in passive equity in India, with $12 billion mapped to the MSCI India Index.
Read More: DSP Nifty Smallcap 250 Index Fund: New Upcoming NFO Offers Passive Smallcap Exposure!
The MSCI India Index demonstrates a lower concentration in top holdings compared to the Nifty 50, making it more diversified. The top 10 holdings account for 37.7% weight in the MSCI India Index versus 53% in the Nifty 50.
HDFC Bank holds the highest weight at 8.2%, followed by Reliance Industries at 6.3% and ICICI Bank at 5.4%. The index has 84% allocation to large caps and 16% to midcaps.
DSP MSCI India ETF offers potential tax advantages for NRI and offshore investors compared to MSCI India ETFs listed elsewhere.
Dividends received by the ETF are not subject to dividend tax, and any rebalancing or realignment by the ETF is not subject to tax. Capital gains tax applies only when investors redeem their units.
DSP MSCI India ETF's NFO from November 10-17, 2025, provides investors access to a diversified portfolio tracking 160 large and midcap stocks through the MSCI India Index. With historical returns of 14% over 27 years, lower concentration than the Nifty 50, and potential tax benefits for offshore investors, the scheme offers a passive investment option covering 75% of the Indian equity market.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund Investments are subject to market risks. Read all the related documents carefully before investing.
Published on: Nov 10, 2025, 5:34 PM IST
Team Angel One
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