BitSave Crypto Index Product

A crypto index fund is an investment offering that tracks a published index of crypto assets, rather than picking individual assets. It owns the constituents in the same proportion as the index and rebalances as the index does. The point is exposure to the market as a whole, not a hand-picked bet.

BGCI is a market-capitalisation-weighted index of large-cap digital assets, administered by Bloomberg Index Services Limited. It is the most widely recognised crypto benchmark globally and represents around 70% of the total crypto market capitalisation.

The methodology selects up to 15 assets from a universe of the top 25 by market cap, with a 35% cap and 1% floor on any single constituent, and rebalances monthly. Bloomberg's index team decides the components; BitSave does not.

BBGCI is a crypto index product that tracks the Bloomberg Galaxy Crypto Index. It is built for investors seeking a return that corresponds to the performance of BGCI, subject to tracking error. You hold one unit of the product, the underlying assets are held by an institutional custodian, and the product rebalances monthly in line with the index.

Your investment units are held by a regulated, institutional custodian. A custodian is a specialist firm whose only job is to safekeep assets, the way a bank locker safekeeps gold. Your investments are off-balance-sheet, which means they are held for you, not owned by BitSave.

Holdings use institutional cold storage with keys split offline across geographies, Lloyd's of London insurance on cold-storage assets, and off-balance-sheet custody so your units remain yours even if BitSave shuts down.

Yes. Crypto is a legal, taxable asset class in India. BitSave is built to make crypto investments simple, and verifiable for Indian investors. It gives you a structured, index-based way to access that asset class, with reporting built around existing Indian tax obligations.

With BitSave, your ₹ stays in India, there is no forex exposure. India's 30% VDA tax and 1% TDS apply on the offering as one tax event, not per rebalance. Holdings are visible on-chain via Proof of Reserves and Liabilities, and BitSave is compliant on all 26 cybersecurity parameters mandated by FIU-IND assessed by a CERT-In certified auditor, Grant Thornton Bharat LLP.

Bloomberg's index team determines the components. BitSave has no role in the selection or in setting the weights of the assets. That separation is the point of an index product, the methodology is independent of the platform that offers it.

No. The index is designed to track the market as a whole, and specific components cannot be changed manually by individual investors. If you want a single-asset position, the BitSave Bitcoin Product is the cleaner choice. If you want a crypto-and-gold blend with lower volatility, the BitSave Crypto & Gold Product is built for that.

Because Bitcoin and Ethereum represent the largest chunk of the crypto market today. The index is market-capitalisation-weighted (subject to the 35% cap), so the two largest assets sit at the cap, but it leaves room for other assets to take market share. As that happens, those assets are reflected in the index too.

No one can predict the volatility but this index's risk is spread across multiple constituents. Crypto as a whole remains a volatile asset class, and the index will follow the broader market's swings. Treat this as crypto exposure, diversified, not a low-risk product.

BBGCI units are allotted in line with BGCI's daily close, which follows US market timings. Buy orders placed before the 11:30 PM IST cut-off are allotted at that day or night's closing NAV. Orders placed after the cut-off are allotted the next day or night.

During US daylight savings time, the cut-off shifts to 10:30 PM IST and allotment shifts accordingly. The number of units depends on the closing NAV of the day of allotment, not the market price at the time you ordered, so at a closing NAV of 2 USD, a 100 USD investment buys 50 units.

Sell orders are processed within 2 days from the time you place them. This is because the underlying assets have to be moved out from cold storage, protected with multiple levels of authentication, to the exchange wallets for execution.

Your BitSave wallet is credited with the sale amount immediately after the order executes. If the order is processed the same day or night, you receive the sale amount based on that NAV; if it is executed the next day or night, the applicable NAV is the next day or night's.

For resident Indian investors, yes. India's VDA rules apply: 30% tax on gains and 1% TDS deducted at source. You hold product units, so you have one tax event, not one per trade. For NRIs, the position can differ; tax treatment depends on your country of tax residence and may not match the resident-Indian position. Either way, BitSave provides the documentation. Confirm the specifics for your situation with your tax advisor.

Yes. TDS is deducted at source and would be part of your Annual Information Statement (AIS). For your overall holding, you can request an ITR-format tax statement for your BitSave investments through the in-app tax corner.

You invest in rupees and your payment goes to our Indian entity BitPe Digital LLP. BitPe converts your ₹ into a dollar-denominated digital asset within India, a stablecoin, specifically designed to maintain a 1:1 peg with the US dollar. This conversion happens entirely within India. You are not personally remitting money overseas or buying foreign currency. The Liberalised Remittance Scheme does not apply to this process. For you, there is no forex exposure.

It is for the long-term investor who wants broad large-cap crypto exposure without having to pick specific assets or manage portfolio rebalancing themselves. It suits someone who can sit short-term sharp drawdowns for long term benefits. It is not for active traders or for investors who want exposure to a single asset.

The product is more volatile than the Bitcoin Product or the Crypto & Gold Product, because it includes a varied basket of assets that the other products do not. That is the trade-off for the broader exposure.