Mirae Asset introduced the Mirae Asset BSE Information Technology Index Fund to give investors targeted exposure to the technology sector. The new open-ended index fund aims to deliver returns corresponding to the total returns of the BSE IT Index, while factoring in tracking errors.
Passive Investment Structure
As a passive investment vehicle, the fund holds the securities that comprise the benchmark index rather than relying on active stock selection. This mechanism provides a cost-effective route for market participants looking to access leading companies within the Indian information technology sector.
Investors evaluating the product must factor in the inherent risks tied to sector-specific concentration and broader market volatility. The fund’s performance will strictly reflect the underlying movements of the benchmark index without discretionary intervention from fund managers.