Nifty Total Market Index Funds offer investors a unique opportunity to gain exposure to the entire Indian stock market across various segments. By tracking 750 stocks, including large, mid, small, and micro-cap stocks, these funds provide comprehensive diversification.
With coverage of approximately 96% of the market capitalisation on the NSE, they ensure broad market participation and balanced risk exposure. In this article, we explore the Nifty Total Market Index Funds currently available for investors.
Bandhan Nifty Total Market Index Fund aims to offer investors access to the performance of 750 stocks from large, mid, small, and microcap segments.
It draws from the Nifty 500 and Nifty Microcap 250 indices, ensuring robust market cap diversification. The fund covers 22 sectors classified by the NSE, providing a balanced sectoral exposure.
It follows a market cap-weighted index methodology, aligning with the goal of capturing the overall performance of the Indian equity market.
Mirae Asset Nifty Total Market Index Fund offers comprehensive exposure to the entire Indian equity market by tracking the Nifty Total Market Index. It covers all large, mid, small, and microcap stocks, with a significant emphasis on capturing 96% of the market capitalisation of NSE-listed companies.
The fund provides an inclusive sectoral coverage of all 22 sectors recognised by the NSE. With a strong focus on diversification, this fund includes 100 large-cap, 150 mid-cap, 250 small-cap, and 250 micro-cap stocks.
Apart from the Nifty Total Market Index Funds mentioned above, Angel One MF 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.
These funds from Angel One MF offer exposure to 93% of the total market capitalisation through a single investment. Angel One’s Nifty Total Market Index Fund is designed to provide exposure to the entire spectrum of the Indian equity market, covering 750 stocks across large, mid, small, and microcap segments.
The fund tracks the performance of stocks from the Nifty 500 and Nifty Microcap 250 indices, ensuring a diversified portfolio. Its sector coverage spans all 22 sectors classified by the NSE, offering a comprehensive view of the market.
This fund is designed to reflect a market-cap-weighted index, allowing investors to capture the full breadth of the Indian market.
| Fund Name | Sector Allocation | Financial | Technology | Energy | Consumer Staples | Services | Others |
| Bandhan Nifty Total Market Index Fund | 25.85% | 25.85% | 10.11% | 9.58% | 7.09% | 7.04% | 40.33% |
| Mirae Asset Nifty Total Market Index Fund | 25.81% | 25.81% | 10.05% | 9.56% | 7.08% | 6.96% | 40.54% |
Note: The data provided is as of January 2025, reflecting the sectoral and market capitalisation allocation for both Bandhan and Mirae Asset Nifty Total Market Index Funds.
| Market Cap Allocation | Giant Cap | Large | Mid Cap | Small Cap | Tiny Cap |
| Bandhan Nifty Total Market Index Fund | 53% | 21.33% | 21.67% | 3.98% | 0.01% |
| Mirae Asset Nifty Total Market Index Fund | 53% | 21.33% | 21.67% | 3.98% | 0.01% |
| Angel One Nifty Total Market Index Fund (Approx) | – | 60% | 19% | 10% | 4% |
In conclusion, Nifty Total Market Index Funds offer an attractive opportunity for investors seeking comprehensive exposure to the Indian equity market across various segments. These funds provide broad diversification by including large, mid, small, and micro-cap stocks, along with sectoral coverage of all 22 industries recognised by the NSE.
With different funds such as Bandhan, Mirae Asset, and Angel One offering similar methodologies, investors can choose based on their preference for portfolio structure, sector allocation, and market cap exposure. By investing in these funds, investors gain access to nearly the entire Indian market.
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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 17, 2025, 2:53 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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