DSP
Mutual Fund expands passive range with MSCI India ETF for diversified India
exposure
Provides
investors access to India’s large and mid-cap opportunity through a globally
recognized index
Mumbai, November 10, 2025: DSP Mutual
Fund today announced the launch of the DSP MSCI India ETF*, an open-ended
exchange-traded fund that seeks to replicate the performance of the MSCI India
Index (TRI). The ETF offers investors an opportunity to participate in India’s
large and mid-cap companies through a globally tracked and time-tested
benchmark.
The MSCI India Index, part of MSCI’s Global Investable Market Indexes
(GIMI) framework, represents a diversified portfolio of Indian equities across
key sectors that capture the changing structure of India’s economy—from
industrial-led growth in the 1990s to today’s services-driven landscape. The
index currently covers a broad universe of large and mid-cap stocks, reflecting
the depth and evolution of the Indian market.
Over the long term, the MSCI India Index has delivered a ~14% CAGR over
the past 27 years**, highlighting its ability to capture India’s growth
potential while maintaining resilience across market cycles.
The New Fund Offer (NFO) of DSP MSCI India ETF will be open from November
10 to November 17, 2025.
The DSP MSCI India ETF provides a tax-efficient route to access India’s
growth story. Unlike overseas-listed ETFs, dividends received and portfolio
rebalancing within the fund are not subject to immediate taxation in India.
This structure enhances potential post-tax returns, especially for NRI and
offshore investors seeking exposure to Indian equities through a locally
domiciled vehicle.
The MSCI India Index’s diversified composition also ensures lower
concentration risk compared to narrower benchmarks like the Nifty 50, while
maintaining strong representation of India’s key sectors and high-quality
businesses.
The launch comes at a time when foreign institutional ownership in
Indian equities has moderated significantly since late 2021, with outflows of
approximately ₹1.4 trillion. As global sentiment towards India improves, a
potential reversal in FII flows could particularly benefit MSCI India Index
constituents—making this an opportune time for investors to participate through
the DSP MSCI India ETF.
“The MSCI India Index has long been a preferred benchmark for global
investors to participate in India’s growth story. With the DSP MSCI India ETF,
we aim to make this opportunity easily accessible to investors in India and
abroad. This ETF allows them to gain diversified exposure to India’s large and
mid-cap companies through a globally recognized, transparent, and disciplined
index methodology. We believe this product will serve investors seeking
efficient participation in India’s long-term economic expansion,” said Anil
Ghelani, CFA – Head – Passive Investments & Products at DSP Mutual Fund.
The MSCI India Index offers a robust representation of India’s evolving
economy, with a balance across financials, technology, energy, and consumer
sectors. Over time, it has demonstrated consistent performance with relatively
stable drawdowns compared to broader benchmarks. Through the DSP MSCI India
ETF, investors can now capture this growth potential efficiently and with the
added benefit of local tax advantages,” said Gurjeet Kalra, Business Head –
Passive Investments, DSP Mutual Fund.
To learn
more and access the factsheet, visit: www.dspim.com
** An open-ended scheme replicating / tracking MSCI India Index
* Source: Bloomberg, MSCI, NSE. Data as on 30 Sep 2025.
About DSP Mutual Fund
DSP Mutual Fund has an over 25-year track record of investment
excellence. Today, we have the honour of managing money for over 60 lakh
investors from all walks of life: hard-working salaried individuals,
high-net-worth individuals, NRIs, small and mid-sized business owners, large
private & public corporations, trusts and foreign institutions. We take great
pride in knowing that we play a key role in the creation of wealth for all our
investors and will always continue to be an organization with a purpose - it is
our responsibility to make a real difference to the lives of our investors.
DSP Mutual Fund is backed by the 160+ year old DSP Group. Over the past
one and a half centuries, the family behind the Group has been very influential
in the growth and professionalization of capital markets and money management
business in India.
Our investors’ interests will always remain at the core of our business,
and we will continue to maintain a relentless focus on doing what's best for
them, as they #InvestForGood.
Visit us on dspim.com for more
About DSP Passive Funds
DSP Mutual Fund has passive investment products across all asset classes
– Equity, Debt, Commodities, and the entire market range of large, mid and
small. We offer a wide range of products of index funds, ETFs and rules based
smart beta products. In line with global best practices, we have set up a
dedicated Investment Team for passive investments, rather than a common
Investment Team responsible for both active and passive funds. This ensures
closer attention on the portfolios and demonstrates the business focus that DSP
has for ETFs.
Visit us dspim.com/invest/mutual-fund-schemes/low-cost-fund
for more about Passive Funds
