{"id":7127,"date":"2026-09-28T12:41:28","date_gmt":"2026-09-28T12:41:28","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=7127"},"modified":"2026-09-28T12:41:28","modified_gmt":"2026-09-28T12:41:28","slug":"bse-exposure-mutual-funds-nse-listing","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/bse-exposure-mutual-funds-nse-listing\/","title":{"rendered":"Which Mutual Funds Have the Highest BSE Exposure After the NSE Listing?"},"content":{"rendered":"

Have you ever checked your mutual fund statement and wondered which companies your money actually sits in? If you hold a midcap, financial services or capital markets fund, there is a good chance a slice of it is invested in BSE. Now that the National Stock Exchange (NSE) has finally listed, many investors are asking whether that slice could change. Let’s look at which <\/span>mutual funds<\/span><\/span><\/a> have the highest BSE exposure and what the NSE listing might mean for them.<\/span><\/p>\n

NSE Listing: The Key Numbers<\/span><\/h2>\n

NSE made its stock market debut on 24 September 2026. Interestingly, India’s largest stock exchange did not list on its own platform. Its shares debuted on the Bombay Stock Exchange (BSE) instead, with trading starting at 10 AM.<\/span><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Detail<\/th>\nFigure<\/th>\n<\/tr>\n<\/thead>\n
IPO Price Band<\/td>\n\u20b91,700 to \u20b91,785 per share<\/td>\n<\/tr>\n
Listing Price<\/td>\n\u20b91,800 per share<\/td>\n<\/tr>\n
Listing Premium<\/td>\n0.84%<\/td>\n<\/tr>\n
Gain per Lot at Listing<\/td>\n\u20b9120<\/td>\n<\/tr>\n
Early Trade High<\/td>\n\u20b91,878.00 (up 5.21%)<\/td>\n<\/tr>\n
Price at 12:55 PM<\/td>\n\u20b91,845.00<\/td>\n<\/tr>\n
IPO Issue Size<\/td>\n\u20b922,561.57 Cr<\/td>\n<\/tr>\n
Overall Subscription<\/td>\n5.71 times<\/td>\n<\/tr>\n
Bidding Closed<\/td>\n21 September 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

A random example:<\/b> An investor who bought one lot of 8 shares at \u20b91,785 gained \u20b9120 at listing. By 12.55 PM, with the stock at \u20b91,845, that gain had grown to \u20b9480 per lot, or roughly 3.36%.<\/span><\/p>\n

Passive Funds Have the Highest BSE Exposure<\/b><\/h2>\n

The largest BSE exposure sits in passive funds that track the capital markets theme. These funds follow indices built around India’s market infrastructure companies, so a large BSE holding is part of their mandate rather than a fund manager’s bet.<\/span><\/p>\n

\n\n\n\n\n\n\n\n\n\n
Fund<\/th>\nBSE Allocation (% of AUM)<\/th>\n<\/tr>\n<\/thead>\n
Tata Nifty Capital Markets Index Fund<\/td>\n16.87%<\/td>\n<\/tr>\n
Motilal Oswal Nifty Capital Market Index Fund<\/td>\n16.84%<\/td>\n<\/tr>\n
Axis Nifty Capital Markets Index Fund<\/td>\n16.81%<\/td>\n<\/tr>\n
Groww Nifty Capital Markets ETF<\/td>\n16.81%<\/td>\n<\/tr>\n
Motilal Oswal Nifty Capital Market ETF<\/td>\n16.80%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Sectoral and Thematic Funds With BSE Exposure<\/b><\/h2>\n

Among active sectoral and thematic mutual funds, financial services schemes lead the pack.<\/span><\/p>\n

\n\n\n\n\n\n\n\n\n\n
Fund<\/th>\nBSE Allocation (% of AUM)<\/th>\n<\/tr>\n<\/thead>\n
Edelweiss Financial Services Fund<\/td>\n5.32%<\/td>\n<\/tr>\n
Invesco India Financial Services Fund<\/td>\n3.85%<\/td>\n<\/tr>\n
Axis Services Opportunities Fund<\/td>\n3.50%<\/td>\n<\/tr>\n
LIC MF Banking & Financial Services Fund<\/td>\n3.26%<\/td>\n<\/tr>\n
Invesco India Business Cycle Fund<\/td>\n3.24%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Diversified Equity Funds With BSE Exposure<\/b><\/h2>\n

BSE also appears in diversified active equity portfolios, although the holdings are smaller as a share of assets under management (AUM).<\/span><\/p>\n

\n\n\n\n\n\n\n\n\n\n
Fund<\/th>\nBSE Allocation (% of AUM)<\/th>\n<\/tr>\n<\/thead>\n
ICICI Prudential Midcap Fund<\/td>\n3.95%<\/td>\n<\/tr>\n
Invesco India Midcap Fund<\/td>\n3.22%<\/td>\n<\/tr>\n
Samco Mid Cap Fund<\/td>\n3.19%<\/td>\n<\/tr>\n
360 ONE Focused Equity Fund<\/td>\n2.74%<\/td>\n<\/tr>\n
ICICI Prudential Multicap Fund<\/td>\n2.59%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

What Does This Mean for Your \u20b91 Lakh?<\/b><\/h2>\n

Percentages can feel abstract, so here is a simple way to picture BSE exposure. If you invested \u20b91,00,000 in each fund, this is roughly how much would be linked to BSE:<\/span><\/p>\n

\n\n\n\n\n\n\n\n\n
Fund<\/th>\nApproximate BSE Holding on \u20b91 Lakh<\/th>\n<\/tr>\n<\/thead>\n
Tata Nifty Capital Markets Index Fund<\/td>\n\u20b916,870<\/td>\n<\/tr>\n
Edelweiss Financial Services Fund<\/td>\n\u20b95,320<\/td>\n<\/tr>\n
ICICI Prudential Midcap Fund<\/td>\n\u20b93,950<\/td>\n<\/tr>\n
ICICI Prudential Multicap Fund<\/td>\n\u20b92,590<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

In other words, a capital markets index fund holds more than four times as much BSE as a typical <\/span>midcap fund<\/span><\/span><\/a>.<\/span><\/p>\n

Note:<\/i><\/b> The values shown above are approximate and are intended only to illustrate the indicative exposure to BSE based on the respective fund holdings. Actual exposure may vary with changes in portfolio composition, market prices and other factors.\u00a0<\/span><\/i><\/span><\/p>\n

Will Portfolios Be Reshuffled After the NSE Listing?<\/b><\/h2>\n

This is the big question for investors. The short answer is that it depends on the type of fund.<\/span><\/p>\n

Nifty-linked index funds<\/b><\/h3>\n