The Nifty Total Market Index Funds provide investors with a comprehensive way to invest in the Indian stock market by tracking the Nifty Total Market Index. This index covers 750 stocks from various segments, such as large-cap, mid-cap, small-cap, and microcap, through a single index. It incorporates all stocks from the Nifty 500 Index and the Nifty Microcap 250 Index, with each stock’s weight based on its free-float market capitalisation. In this article, understand the asset allocation of Nifty Total Market Index Funds in India.
The Bandhan Nifty Total Market Index Fund has an AUM of ₹35.66 crore and an expense ratio of 0.4% (as of February 18, 2025). It tracks the performance of the Nifty Total Market Index, which includes a wide range of stocks from various market capitalisation segments. This fund allocates a minimum of 95% of its corpus to stocks and index derivatives from the Nifty Total Market Index, while up to 5% may be invested in debt and money market instruments.
As of January 31, 2025, the sector allocation of the Bandhan Nifty Total Market Index Fund includes a diverse range of industries, with the highest weightage in Banks at 19.12%, followed by IT – Software at 9.81% and Finance at 5.82%. Other notable sectors include Petroleum Products (5.46%), Pharmaceuticals & Biotechnology (4.95%), and Automobiles (4.71%). The fund also holds allocations in Diversified FMCG (3.45%), Power (3.13%), Construction (3.12%), and Consumer Durables (3.10%).
Mirae Asset Nifty Total Market Index Fund has an AUM of ₹32.43 crore with a lower expense ratio of 0.18% (as of February 18, 2025). The fund mainly invests 95-100% of its total assets in equity securities included in the Nifty Total Market Total Return Index. Additionally, up to 5% of the assets may be invested in the money market instruments, debt securities, or units of debt/liquid schemes of domestic mutual funds.
As of February 2025, the sector allocation of this fund from Mirae Mutual Fund is as follows, where the largest allocation is in Banks at 26.51%. It also has significant weightage in Automobiles (7.62%) and Software (7.46%). Other prominent sectors include Consumer Non-Durables (7.21%), Pharmaceuticals (5.98%), and Petroleum Products (5.42%). The fund also invests in Construction Projects (5.26%), Finance (4.33%), Transportation (2.93%), Auto Ancillaries (2.75%), and Other Sectors (19.36%).
Apart from the Nifty Total Market Index Funds mentioned above, Angel One AMC has launched two new funds that consider Nifty Total Market TRI as the benchmark.
The new fund offer (NFO) runs from February 10 to February 21, 2025, providing investors with an opportunity to invest in a diversified index.
The indicative asset allocation of Angel One Nifty Total Market Index Fund shows that it invests 95% to 100% in equities and equity-related securities, including stocks and index derivatives. The remaining 0% to 5% of the assets are allocated to cash, cash equivalents, money market instruments, reverse repo, tri-party repo on government securities, treasury bills, or units of money market/liquid schemes.
Checking asset allocation in mutual funds is crucial for ensuring that the investment strategy aligns with an investor’s financial goals, risk tolerance, and investment horizon. Proper asset allocation helps to diversify risk across various asset classes, such as equities, bonds, and cash equivalents, minimising the impact of market volatility.
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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 scheme-related documents carefully.
Published on: Feb 18, 2025, 1:21 PM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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