Latest news with #BSE1000
Economic Times
18-06-2025
- Business
- Economic Times
Le Bernardin New York
Agencies Representational Le Bernardin is not just a seafood restaurant - it's a masterclass in culinary precision. This Manhattan 3-Michelin-star temple to fine dining, helmed by Eric Ripert, delivers an experience as elegant as it's menu - organised into 'Almost Raw', 'Barely Touched' and 'Lightly Cooked' - guides diners through a seafood odyssey. The tuna carpaccio, pounded impossibly thin and laid over foie gras-slathered toast, is a textural marvel. Langoustine in truffled broth and fluke bathed in sea urchin bouillabaisse showcase Ripert's finesse with marine delicacies. But vegetarians are not forgotten. The menu impresses with plates like morel and spring pea casserole and an artichoke risotto finished with black truffle vinaigrette. Even dessert, like the purple sweet potato baba with pecan whipped cream, feels quietly transcendent. Lunch offers a more relaxed take on the Le Bernardin experience, though refinement still reigns. The lounge prix fixe includes a built-in donation to City Harvest - a nod to giving back. Service is faultless, and atmosphere strikes a rare balance: serene, but never Le Bernardin, balance reigns - between simplicity and luxury, French tradition and global flair. After 40 years, it's a reminder that true luxury lies in restraint, not excess. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Small finance banks struggle with perception. Will numbers turn the tide? China rare earths blockade: Will electric vehicles assembly lines fall silent? Benchmarked with BSE 1000, this index fund will diversify your bets. But at a cost. Yet another battle over neem; this time it's a startup vs. Procter & Gamble Stock Radar: Oberoi Realty breaks out from 4-month consolidation; what should investors do? For investors with ability to take a contrarian stand: 6 mid-cap stocks from different sectors with upside potential of over 26% return Buy, Sell or Hold: Motilal Oswal remains neutral on Tata Motors; Antique recommends Hold on Hindustan Zinc These 7 banking stocks can give more than 21% returns in 1 year, according to analysts
Time of India
13-06-2025
- Business
- Time of India
Can BSE 1000 Index Fund offer all-weather portfolio to beat Nifty? Pratik Oswal explains
When most investors think passive investing, they think Nifty 50. The bold ones might venture into Nifty 500. But what if the real opportunity lies in the 500 companies they're missing? Pratik Oswal , Chief of Passive Business at Motilal Oswal Asset Management Company , believes India's investment story is incomplete without accessing its broadest equity universe. The firm's latest offering, the BSE 1000 Index Fund, covers 94% of India's listed market capitalization—a stark contrast to the Nifty 50's focus on just the top 50 companies. "The BSE 1000 has outperformed Nifty 50 in 10 of the last 17 years," Oswal reveals, attributing this edge to something most investors overlook: the untapped potential of microcaps and mid-caps that make up the broader market ecosystem. Edited excerpts from a chat: The BSE 1000 Index Fund is Motilal Oswal AMC's latest passive offering. What was the core idea behind launching this product now? India's equity markets have evolved significantly — from being dominated by a few companies to a vibrant ecosystem of over a thousand listed businesses across sectors and sizes. The BSE 1000 Index Fund was launched to help investors participate in India's full growth story — not just the top 50 or 100 companies. With broader indices correcting slightly and valuations moving closer to long-term averages, we believe this is a strategic moment to introduce a product that combines stability, diversification, and long-term potential in a single, passive format. Investors are very familiar with indices like Nifty 50 and Nifty 500. Why did you choose the BSE 1000 — and what unique advantage does it offer over these traditional benchmarks? The BSE 1000 is India's broadest equity index, covering ~94% of the listed market cap. While indices like Nifty 50 or Nifty 500 focus on depth, the BSE 1000 brings both breadth and depth. Key advantages over traditional indices: Wider market representation — includes the top 1000 companies vs. 500 or fewer. Inclusion of Microcaps – Early-stage, high-growth companies not part of Nifty 500. Sectoral diversity — covers all 22 sectors, while Nifty 50 covers around 15. Lower concentration risk — more balanced exposure to both old and new economy themes. Performance edge — the index has outperformed Nifty 50 in 10 of the last 17 years and delivered better SIP outcomes over the long term. The BSE 1000 covers nearly 94% of India's listed market cap. Does this wide representation help reduce concentration risk, which is often a concern with passive strategies? At the same time, isn't it over-diversification? Absolutely, the broad coverage is a strength, not a drawback. In fact, the BSE 1000 is designed to reduce single-stock and sector-level risks, which are more pronounced in narrower indices. And rather than 'over-diversification,' this is actually smart diversification. The index provides meaningful exposure to segments like midcaps and microcaps — which are driving growth — without overexposing investors to their volatility. In fact, the BSE 1000 shows lower volatility over the last 15 years than a highly concentrated index like Nifty 50. The result is a more balanced, all-weather portfolio . The index spans large, mid, small, and micro caps. In an environment where mid and smallcaps are trading at elevated valuations, how does this fund manage risk without active selection? Being a passive fund, we don't actively select stocks — but the index structure itself helps manage risk through diversification. Large caps provide the base stability. Mid and smallcaps contribute alpha during market upcycles. Microcaps, while having higher beta, unlock hidden growth opportunities Importantly, valuations in the broader market have cooled slightly in recent months, and the current P/E levels of the BSE 1000 are near long-term medians — indicating fair valuations across the spectrum. Microcaps are a significant part of the index — and typically under-researched. What would you say to investors worried about liquidity or volatility in that segment? It's true that microcaps carry higher volatility — but they make up only around 5% of the total index. Interestingly, over the past 5 years: Microcaps' share in total market cap has doubled. Average market cap of microcap companies has grown sixfold. Their average daily trading volumes have surged 13x — reflecting rising investor participation, mobile trading, and index inclusion (e.g., BSE Next 500). Yet, 87% of these companies have 5 or fewer analysts tracking them, meaning there's real potential for discovery. For investors, this means measured exposure to high-growth companies — without needing to pick individual names. You've highlighted the long-term performance edge of the BSE 1000 over the Nifty 50. What's driving this outperformance — is it purely the breadth or something more structural? It's both. Breadth plays a role, but the structural edge comes from: Participating in early-stage growth from mid and microcap companies. Better sector rotation and thematic representation — like manufacturing, digital, and financial inclusion. Lower concentration — avoiding overexposure to a few dominant names. Over time, this combination of more sectors, more companies, and more growth engines leads to better compounding — as reflected in its historical performance vs. Nifty 50. Passive investing has gained huge traction in India over the last few years. How do you see this trend evolving, especially in a market like ours that's still heavily actively managed? India is still early in its passive journey. But we're seeing a shift: More investors are embracing cost-efficiency and transparency. Many active funds are struggling to consistently outperform broad indices — especially in large caps. New themes like factor investing and broad-based indices (like BSE 1000) are making passive products more relevant. We believe passive AUM in India could double in the next 3–4 years, driven by both retail and institutional adoption. Given the current market phase — soft corrections, pockets of froth — do you think it's the right time for investors to consider broad-based passive products? Yes — in fact, this is precisely the time to look at broad-based passive investing. Markets have corrected ~5–10% from peaks. Valuations are near long-term averages. Volatility has increased — and passive strategies reduce decision-making stress. Broad based funds reflect the economy better during uncertain times. For long-term investors, timing the market is less important than time in the market — and broad-based index funds like BSE 1000 are built to ride through cycles while capturing India's growth. Lastly, what's the tracking error you're targeting for this fund, and how will you ensure efficient execution given the wide base of 1000 stocks? We have a strong track record of managing passive funds efficiently, even those with complex or deep indices: Our Nifty 500 Fund maintains a tracking error of just 8 bps. Our Nifty Microcap 250 Fund — despite lower liquidity — is managed with just 60 bps tracking error. For the BSE 1000 Index Fund, we expect tracking error to remain broadly in line with our Nifty 500 Fund — with a marginal increase owing to the inclusion of microcaps. This is possible due to experienced trading and quant teams, strong counterparty relationships for execution and rigorous internal tracking systems. We believe scale, systems, and specialization are key to maintaining low tracking error — even in a 1000-stock fund.
Economic Times
11-06-2025
- Business
- Economic Times
Conditioning a cool behavioural move
Agencies In a warming India, ACs are a necessity. Yet, only about 7% of households own one. That's changing fast. 14 mn units were sold last year alone, and residential ownership is projected to grow 9x by mid-century. This surge could require tripling electricity production. But before that, the grid needs protection. In a welcome step, GoI announced on Tuesday that it plans to soon mandate temperature settings between 20° C and 28° C for all ACs - residential, commercial, and even those in vehicles. The move aims to improve energy efficiency, smooth out demand spikes and cut consumer power bills. Many ACs allow settings as low as 16° C and as high as 30° C, encouraging energy 2050, air conditioning could account for a quarter of India's GHG emissions and nearly half of nationwide peak electricity demand, according to UNEP's Cool Coalition. Yet, India has so far declined to sign the coalition's Global Cooling Pledge, which seeks to reduce the sector's climate impact. There is, however, some good news. Consumers are increasingly opting for energy-efficient, star-rated ACs. But high prices remain a significant barrier, especially for lower- and middle-income buyers. A CEEW report, 'Do Residential AC Buyers Prioritise Energy Efficiency?', recommends measures like tax breaks, bulk procurement and cross-brand incentive programmes to improve affordability and encourage wider adoption. The report also highlights another crucial, but often overlooked, factor: good servicing practices (GSPs). Buying an energy-efficient AC is not enough. Without regular servicing, performance declines over the unit's 7-10-year lifespan, undermining expected energy and cost savings. To promote GSPs, awareness campaigns must stress their impact on efficiency. Without this behavioural nudge, tech and policy efforts may not deliver their full potential. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Benchmarked with BSE 1000, this index fund will diversify your bets. But at a cost. Yet another battle over neem; this time it's a startup vs. Procter & Gamble Warren Buffett-fan Pabrai is betting big on Edelweiss' Rashesh Shah. Will it pay off? Move over tariffs, China wields rare earths in an economic war of a different kind Stock Radar: MGL trades above upwards sloping trendline, reclaims 100-EMA; check target & stop loss F&O Radar | Deploy Bull Call Spread in GAIL to play a bullish bet These 7 banking stocks can give more than 20% returns in 1 year, according to analysts Being an Amul shareholder is not possible; the next best dairy sector bets: 4 stocks, different market caps, upside potential is incidental
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Business Standard
05-06-2025
- Business
- Business Standard
India's first BSE 1000 Index Fund is here: Invest in 1,000 cos with Rs 500
Motilal Oswal Mutual Fund (MOMF) on Thursday launched India's first-ever index fund tracking the BSE 1000 Total Return Index, providing investors with a unique opportunity to access a diversified portfolio of the top 1,000 listed companies across large, mid, small, and micro-cap segments. The fund opened for subscription on 5 June under a New Fund Offer (NFO) that will run until June 19, 2025. What is the Motilal Oswal BSE 1000 Index Fund? This new fund passively replicates the BSE 1000 Total Return Index, which covers about 94% of India's listed market capitalization, making it one of the most inclusive equity benchmarks in the country. It spans 22 sectors, offering investors exposure to both industry leaders and high-growth emerging businesses. It offers exposure to a mix of established market leaders and emerging companies across 22 sectors, with the top-10 stock weight capped at 33%, thereby helping to reduce concentration risk. The index also includes micro-cap companies, whose market capitalization and liquidity have grown approximately 5× and 14× respectively over the past five years. All within a passive, free-float weighted structure with semi-annual rebalancing. NFO Period: June 5, 2025 to June 19, 2025 Investment Objective: The investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by BSE 1000, subject to tracking error. However, there can be no assurance or guarantee that the investment objectives of the scheme will be achieved. Benchmark: BSE 1000 Total Return Index Investor Profile: This product is suitable for investors who are seeking long-term capital growth and return that corresponds to the BSE 1000 Total Return Index, subject to tracking error. Minimum application: During the NFO and ongoing Bases: For Lump sum: ₹ 500 and multiples of ₹ 1 thereafter. For the Systematic Investment Plan (SIP), the minimum instalment amount, frequency, number of instalments, and choice of SIP date/day are different and as specified in the Scheme Information Document. 1 % - If redeemed on or before 15 days from the allotment. Nil - thereafter. Why this fund matters: Broad Diversification: Covers companies across all market caps and sectors Reduced Concentration Risk: Top 10 stocks capped at ~33% Passive & Cost-Effective: Semi-annual rebalancing, no active stock picking Aligned with India's Growth: Reflects economic trends in infrastructure, manufacturing, tech, and more According to MOAMCs internal research, India is expected to continue on a strong growth trajectory, supported by strong fundamentals, supportive policies, and robust domestic demand. The International Monetary Fund ('IMF') projects India's GDP growth at 6.2% in 2025 and 6.3% in 2026 economies. "This growth is aligned with India's 'Viksit Bharat 2047' vision, which aims to transform the country into a fully developed, high-income nation by 2047, with a targeted GDP of $23–$35 trillion and per capita income of $15,000–$20,000. As India progresses in areas like technology, manufacturing, energy, and infrastructure, opportunities are likely to arise across multiple sectors. A diversified portfolio like the BSE 1000, encompassing a wide range of listed companies, offers investors a structured way to participate in this evolving growth landscape," Motilal Oswal said in a statement. Who Should invest? This fund is ideal for: Long-term investors seeking capital growth Those looking for passive, diversified exposure to India's equity markets Investors wanting to ride India's transformation journey towards Viksit Bharat 2047 'We are proud to launch India's first index fund tracking the BSE 1000 Total Return Index, giving investors access to India's largest and most inclusive equity index. This fund aims to captures the performance of 1,000 companies spanning large, mid, small, and micro-cap companies across 22 sectors. It provides a diversified exposure to India's corporate sector and is a natural evolution for investors seeking a passive investment option," said Pratik Oswal, Chief of– Passive Business, Motilal Oswal Asset Management Company ('MOAMC'): The Motilal Oswal BSE 1000 Index Fund offers a low-cost, diversified gateway into India's equity markets for those seeking to invest in the country's long-term growth story—from giants to up-and-comers, all in one basket. Mutual Fund investments are subject to market risks, read all scheme-related documents carefully before investing. Past performance is not indicative of future returns. Please consult your financial advisor before making any investment decisions.
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Business Standard
04-06-2025
- Business
- Business Standard
E-commerce giant Flipkart offloads 6% stake in ABFRL; sells 73 mn shares
Carlyle Group affiliate firm, C A Dawn Investments, on Wednesday sold its entire 10.20 per cent in Indegene for ₹1,447 crore BS Reporter Flipkart Investments on Wednesday offloaded 6 per cent stake in Aditya Birla Fashion & Retail Ltd (ABFRL) for ₹588 crore. The e-commerce giant sold 73.17 million shares at ₹80.32 apiece. Shares of ABFRL fell nearly 11 per cent in secondary market trading to end at ₹76.8. Carlyle Group affiliate firm exits Indegene Carlyle Group affiliate firm, C A Dawn Investments, on Wednesday sold its entire 10.20 per cent in Indegene for ₹1,447 crore. It sold nearly 24.5 million shares at ₹591 apiece. Shares of Indegene fell 4.7 per cent to end at ₹590. Founder Kunhikannan sells 1.76% in Kaynes Ramesh Kunhikannan, founder, Kaynes Technology on Wednesday divested his 1.76 per cent stake in the firm. He sold 11.25 million shares at ₹5,551 apeice to raise ₹623 crore. Shares of Kaynes fell about a per cent to close at ₹5,730 crore. BS reporters Motilal Oswal Mutual Fund (MF) launched the first passive fund tracking the BSE 1000 index. The scheme Motilal Oswal BSE 1000 Index Fund, representing top 1000 listed companies offers exposure to about 94 per cent of the country's listed market capitalisation. The index at present has firms across 22 sectors. The top-10 stock weight is capped at 33 per cent to reduce concentration risk. Motilal Oswal is also in the process of finalising its plan to launch a scheme under the newly-introduced specialised investment fund (SIF) category in the next 6 months. Sekhmet Pharma appoints Santosh Mahil MD & CEO Private equity consortium led by PAG Sekhmet Pharmaventures has appointed Santosh Kumar Mahil (pictured) as the managing director (MD) and chief executive officer (CEO). Sekhmet is an investment platform that helps India's next generation of active pharmaceutical ingredient (API) companies. Mahil has nearly three decades of experience, having held leadership roles at Lupin, USV, Unichem, and Shilpa Medicare. BS reporter
