By Admin 
Nippon India Mutual Fund has launched a new index fund, which will track the BSE Sensex Next 30 index. The name of this new fund offer (NFO) is ‘Nippon India BSE Sensex Next 30 Index Fund’. The fund has been open for investment from May 21, 2025 and will be closed on June 4, 2025. This is especially for investors who want to invest in large cap companies at low cost.
What is BSE Sensex Next 30 Index?
The BSE Sensex Next 30 index consists of 30 companies which are part of BSE 100, but are not included in BSE Sensex. These companies have full potential to join the Sensex in future. In the last 10 years, there have been 20 such companies, who have left this index and joined the BSE Sensex.
This index covers large cap stocks that find less representation in other major indexes, making it a unique and strategic opportunity for investment.
Talking about the previous performance, the BSE Sensex Next 30 TRI has given a return of 26 per cent annually in the last five years, while in the same period, BSE Sensex gave 20.3 per cent returns. Talking about three years of return, the Next 30 index gave 15.7 percent returns, while the Sensex 13.4 percent.
Major companies involved in this index
JSW Steel, Adani Enterprises, Wipro, ONGC, Grassim, BPCL, Bajaj Auto, Dr. Reddy’s Labs and Interglobe Aviation etc. This index is spread over 12 different sectors, which gives better variety in portfolio.
What are the benefits of funds?
Like ETF, this index fund also gives an opportunity to invest in low cost. It can be invested even if there is no demat account, which provides additional facilities to retail investors. In addition, this fund is currently trading at a discount of about 7 per cent from its 10-year historic average, which makes it even more attractive.
Disclaimer: (Information provided here is being given only for information. It is necessary to tell here that the investment market is subject to risks. Always consult expert before investing as an investor. Never is advised to invest money from Abplive.com.
Also read: Indians gave Turki another big shock, canceled tickets and fell to Turkish Airlines shares