- Indian IT sector will benefit!
- Mirae Asset's New Index Fund Launch
- Invest from Rs.5,000 onwards
Mirae Asset IT Index Fund : Mire Asset Investment Managers (India) Private Limited has announced the launch of Mire Asset BSE Information Technology Index Fund (an open-ended scheme simulating/tracking the BSE Information Technology Total Return Index). (Mirae Asset IT Index Fund)
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Provides passive and rules-based access
The fund gives investors passive and rules-based access to India's technology sector across IT services, software products, IT-enabled services and hardware companies through a single index-tracking product. The New Fund Offer (NFO) for this fund will open on September 8, 2026 and close on September 22, 2026; Also the scheme will resume on 28 September 2026 for continuous sale and repurchase.
The IT sector has experienced several technology cycles
“From the dot-com crash to Covid-19, India's IT sector has tested several technology cycles and each time the industry has adapted and emerged stronger. We believe that artificial intelligence (AI) represents a transformation rather than a disruption to the core values that Indian IT companies provide,” said Siddharth Srivastava, Head of ETF Products and Fund Manager, Mirre Asset Investment Managers (India) Pvt Ltd.
Participating in the next phase of potential growth in the industry
“As the sector reaches a critical juncture, the objective of the Mirae Asset BSE Information Technology Index Fund is to provide investors with an opportunity to participate in the next phase of potential growth in the industry, led by advances in AI-related services.”
Covering opportunities in 78 companies
The BSE Information Technology Index is constructed from the BSE AllCap universe and includes exposures across 78 companies, resulting in a more diversified portfolio than the Nifty IT Index in the areas of software and consulting, IT-enabled services, software products, computer hardware and equipment.
Large-caps account for roughly 72 percent
The index also provides a more balanced market-cap mix, with large-caps accounting for roughly 72 percent and mid- and small-caps together accounting for the remaining 28 percent. In comparison, the Nifty IT index's ratio of 80:20 is heavily skewed towards large-caps. It offers investors an opportunity to participate in emerging and fast-growing technology companies alongside established IT majors.
The minimum investment amount in this index fund is Rs 5,000 and thereafter in multiples of Rs 1. This fund is managed by Shri. Ritesh Patel and Shri. It will be done by Akshay Udeshi.
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