Brands
DSP bets big with new MSCI India ETF launch
MUMBAI: DSP Mutual Fund is taking a passive stance, actively. The fund house has unveiled the DSP MSCI India ETF, an open-ended exchange-traded fund that mirrors the performance of the globally tracked MSCI India Index, giving investors a simple and efficient route into India’s large and mid-cap universe.
The MSCI India Index, part of MSCI’s Global Investable Market Indexes, captures the shifting gears of India’s economy, from the factory floors of the 1990s to today’s tech-fuelled and service-driven growth. Spanning multiple sectors, it reflects the depth and resilience of Indian markets and has delivered around 14 per cent CAGR over 27 years.
The new fund offer (NFO) opens from November 10 to 17, 2025, and provides investors, including NRIs and offshore participants, a tax-efficient way to ride India’s long-term growth story through a locally domiciled structure.
“The MSCI India Index has long been a favourite benchmark for global investors. With this ETF, we aim to make that opportunity easily accessible to both Indian and international investors,” said DSP Mutual Fund head – passive investments & products Anil Ghelani.
DSP Mutual Fund business head – passive Investments Gurjeet Kalra added, “The Index balances India’s financials, tech, energy, and consumer sectors, delivering consistent performance with stable drawdowns. This ETF lets investors capture that potential with local tax advantages.”
With foreign institutional flows showing signs of recovery and global sentiment turning upbeat on India, DSP’s latest offering arrives at a moment when diversification and discipline might just be the smartest plays in the market.
Brands
Dabur buys minority stake in Ras Beauty for Rs 60 crore
Dabur Ventures deal backs fast-growing luxury skincare brand
MUMBAI: Dabur India Limited has dipped into the world of luxury skincare, signing a definitive agreement to acquire a minority stake in Ras Beauty Private Limited for Rs 60 crore. The investment marks the first bet from Dabur Ventures, the FMCG major’s Rs 500 crore platform set up in October 2025 to back high-potential, new-age direct-to-consumer brands.
Founded in Raipur by Shubhika Jain, her sister Suramya Jain and their mother Sangeeta Jain, Ras Beauty has grown from a family-led passion project into a fast-scaling “Farm-to-Face” skincare label. Its range of face elixirs, serums and moisturisers blends essential oils with nature-derived actives, striking a balance between botanical purity and laboratory precision.
The numbers tell their own story. Ras has clocked a three-year Cagr of around 75 per cent and an annual run rate of approximately Rs 100 crore, all while maintaining strong gross margins. That growth has been fuelled by a digital-first approach, in-house R&D and manufacturing, and a sharp focus on clean, sustainable sourcing.
Dabur India executive director and group head corporate strategy Abhinav Dhall, said the company was drawn to Ras’s distinct positioning at the intersection of nature, science and luxury. He added that the premium beauty segment is poised for robust expansion over the coming decade, and that Ras is well placed to capture that opportunity.
For Ras, the partnership is as much about scale as it is about shared philosophy. Co-founder and CEO Shubhika Jain said Dabur’s 141-year legacy of building trusted, purpose-led brands makes it a natural ally. The capital infusion, she noted, will help accelerate the brand’s omnichannel footprint, deepen research capabilities and invest in team and brand building, with an eye on establishing Ras as a leading Indian luxury skincare name both domestically and overseas.
With this move, Dabur is not just investing in a skincare label. It is placing an early wager on India’s growing appetite for premium, conscious beauty, and signalling that heritage FMCG players are ready to play in the new-age D2C arena.
