Tata Asset Management has announced the launch of India’s first multicap consumption index fund, offering investors diversified exposure across large-, mid- and small-cap consumption companies through a single passive investment product.
The Tata BSE Multicap Consumption 50:30:20 Index Fund, an open-ended scheme, aims to replicate and track the BSE Multicap Consumption 50:30:20 Index (TRI). The New Fund Offer (NFO) opens on December 9, 2025, and closes on December 23, 2025.
Consumption accounts for over 60% of India’s GDP, according to Barclays Investment Outlook, making it a key long-term structural theme. Tata Asset Management said traditional consumption indices have largely been skewed towards large-cap FMCG and auto stocks, often overlooking high-growth emerging segments. The new fund seeks to address this gap by offering a 50% allocation to large caps, 30% to mid caps and 20% to small caps.
The underlying index selects the top 100 companies from the BSE 500 universe across consumer discretionary and FMCG sectors based on average six-month total market capitalisation, reducing concentration risk across segments.
