The New Fund Offer (NFO) opened on September 8 and will close on September 22. The scheme will reopen for continuous sale and repurchase from September 28.
The fund will invest in companies forming part of the BSE Information Technology Index, which draws its constituents from the BSE AllCap universe. The index covers companies across software and consulting, IT-enabled services, software products, and computer hardware and equipment.
According to the fund house, the index comprises 78 companies. Large-cap stocks account for about 72% of the index, while mid- and small-cap companies make up the remaining 28%.
The fund house said this differs from the Nifty IT Index, where large-cap companies account for about 80% of the weight. The broader market-cap mix could give the BSE index greater exposure to mid- and small-cap technology companies.
The scheme has a minimum investment requirement of ₹5,000, followed by investments in multiples of ₹1.
Ritesh Patel and Akshay Udeshi will manage the fund.Siddharth Srivastava, head of ETF products and fund manager at Mirae Asset Investment Managers (India), said the Indian IT industry has adapted through several technology cycles and that artificial intelligence could represent another transition for the sector.
The fund will follow a passive investment strategy, meaning its portfolio will seek to replicate the composition and performance of the underlying index, subject to tracking differences and expenses.
First Published: Sept 8, 2026 11:40 AM IST
