DSP Mutual Fund Filed Draft MSCI India ETF With SEBI

DSP Mutual Fund has filed a draft scheme information document with SEBI for the DSP MSCI India ETF, an open-ended exchange-traded fund designed to track the MSCI India Index. The fund’s units will have a face value of ₹10 each, issued at a price approximately equal to one-hundredth of the MSCI India Index value on the allotment date.

Listing and Permissions

The ETF is proposed to be listed on both BSE and NSE. Permissions were granted by the exchanges on May 29, 2025. These permissions do not indicate approval or guarantee listing of the scheme.

Investment Objective

The ETF aims to generate returns that correspond to the MSCI India Index (Total Return Index), subject to tracking error. The index includes 156 large- and mid-cap stocks, covering nearly 85% of India’s equity market capitalisation.

Asset Allocation

The fund will invest 95-100% of its assets in equities and equity-related securities forming part of the MSCI India Index, and up to 5% in cash or cash equivalents such as Treasury Bills and Government securities.

Liquidity and Redemption

Units will be traded on NSE and BSE during market hours, like any listed share. Market makers will provide liquidity through two-way quotes. Large investors can transact directly with the fund in creation unit sizes (minimum transaction above ₹25 crore). 

Direct redemption without an exit load will also be allowed under certain conditions, such as prolonged price discounts or unavailability of quotes.

Exit Load

There will be no exit load for redemptions made by market makers or large investors directly with the fund in creation unit size. For other investors, units can be sold on the stock exchange without any exit load.

NFO Details

The New Fund Offer (NFO) will remain open for at least three working days and not more than fifteen days. The minimum investment amount during the NFO is ₹5,000 and in multiples of ₹1 thereafter. The first Net Asset Value (NAV) will be declared within five business days from allotment.

Fund Management

The ETF will be managed by Anil Ghelani and Diipesh Shah of DSP Asset Managers Private Limited. The trustee for the scheme is DSP Trustee Private Limited.

Read More: Here is The Daily ₹100 Habit That Can Help You Build a ₹2.3 Lakh Fund in 5 Years!

Conclusion

Once approved by SEBI, the DSP MSCI India ETF will be listed on NSE and BSE, providing investors with exposure to large and mid-cap Indian equities.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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.