7 mutual funds filed draft documents with Sebi in the last week

Around seven o’clock mutual funds have submitted draft documents with Sebi In the last week, eight new funds were launched. Axis Mutual Fund filed a blueprint for two funds, WhiteOak Capital Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual FundEdelweiss Mutual Fund, LIC Mutual Fund and 360 One Mutual Fund have each submitted applications for one fund.

LIC MF Manufacturing Fund

LIC MF Manufacturing Fund It will be an open-ended equity scheme that will follow manufacturing themes. The scheme will be benchmarked against the Nifty India Manufacturing Index (TRI). The scheme will be managed by Yogesh Patil and Mahesh Bendre.

The investment objective of the scheme will be to achieve long-term capital appreciation by investing primarily in shares and equity-related instruments of companies engaged in manufacturing. The minimum application amount will be Rs 5,000 and thereafter in multiples of Rs 1. For monthly SIP, the minimum amount will be Rs 1,000 and thereafter in multiples of Rs 1.

360 ONE Multi-Asset Allocation Fund

The 360 ​​ONE Multi Asset Allocation Fund will be an open-ended scheme that will invest in equity and equity-related instruments, debt and money market securities, commodity ETFs, exchange-traded commodity derivatives and units of REITs and InvITs. The scheme will be benchmarked against BSE 500 TRI Composite Debt Index (65%) + NIFTY Composite Debt Index (25%) + domestic gold and silver prices (10%).

The minimum investment amount will be Rs 1,000 and thereafter in multiples of Rs 1. The monthly option – Rs 1,000 per month for a minimum period of 6 months. The scheme will allocate 10-80% in equity or equity related instruments, 10-80% in debt and money market instruments, 10-80% in commodity ETFs, exchange traded commodity derivatives (ETCDs) and any other mode of investment in commodities as permitted by SEBI from time to time and 0-10% in units issued by REITs and Invits.

Edelweiss Nifty Banking ETF

The Edelweiss Nifty Bank ETF will be an open-ended exchange-traded scheme that will replicate/track the Nifty Bank Total Return Index. The scheme will be benchmarked against the Nifty Bank Total Return Index.

The investment objective of the scheme is to provide pre-expense returns corresponding to the total returns of the Nifty Bank Total Return Index, subject to tracking errors. The minimum investment amount will be Rs 5,000 and thereafter in multiples of Rs 1.

The scheme will allocate 95-100% in Nifty Bank Index covered securities and 0-5% in money market instruments, cash and cash equivalents and/or liquid scheme units.

ICICI Prudential Emerging Bharat Fund

ICICI Prudential Emerging Bharat Fund will be an open-ended equity investment scheme that will invest in companies having presence in rural and/or semi-urban areas i.e. in the emerging segment of India. The scheme will be benchmarked against Nifty Rural TRI. The investment objective of the scheme will be to generate long-term capital appreciation by investing in equity and equity-related instruments of companies having presence in rural and/or semi-urban areas i.e. in the emerging segment of India.

The minimum application amount will be Rs 5,000 plus a multiple of Rs 1. The scheme will allocate 80-100% in equity and equity-related instruments of companies having presence in rural and/or semi-urban areas i.e. emerging segment of India, 0-20% in other equity and equity-related instruments, 0-20% in debt and money market instruments and term deposits (margin money), 0-10% in units issued by REITs and INVITs.

Axis CRISIL-IBX AAA NBFC-HFC Index: June 2027 Fund

Axis CRISIL-IBX AAA NBFC-HFC Index – Jun 2027 Fund will be an open-ended, target maturity index fund that will invest in constituents of the CRISIL-IBX AAA NBFC-HFC Index – Jun 2027 Index with moderate interest rate risk and relatively low credit risk. The scheme will be benchmarked against the CRISIL-IBX AAA NBFC-HFC Index – Jun 2027 Index.

The minimum application amount is Rs 5,000 and in multiples of Rs 1. The scheme will allocate 95-100% to fixed-income instruments tracking the CRISIL-IBX AAA NBFC-HFC Index as of June 2027 and 0-5% to debt and money market instruments. The scheme will be managed by Aditya Pagaria.

Axis CRISIL-IBX AAA NBFC Index – June 2027 Fund

The Axis CRISIL-IBX AAA NBFC Index – June 2027 Fund will be an open-ended target maturity index fund that will invest in constituents of the CRISIL-IBX AAA NBFC Index – June 2027 with moderate interest rate risk and relatively low credit risk.

The minimum application amount will be Rs 5,000 and in multiples of Rs 1. The scheme will allocate 95-100% to fixed-income instruments tracking the CRISIL-IBX AAA NBFC Index – June 2027 and 0-5% to debt and money market instruments. The scheme will be managed by Aditya Pagaria.

Groww NIFTY 1D Interest Rate Liquid ETF

GROWW NIFTY 1D Rate Liquid ETF will be an open-ended exchange-traded fund that will replicate and track the Nifty 1D Rate index. The scheme will be benchmarked against the Nifty 1D Rate index and will be managed by Kaustubh Sule.

WhiteOak Capital’s Bharat Digital Fund

WhiteOak Capital Digital Bharat Fund will be an open-ended equity investment scheme that will invest in technology and technology-related companies. The scheme will be benchmarked against BSE Teck TRI. The scheme will be managed by Ramesh Mantri, Trupti Agarwal, Dheeresh Pathak and Piyush Baranwal.

The minimum investment amount will be Rs 500 and thereafter in multiples of Rs 1. The minimum investment amount for monthly SIP will be Rs 100 (plus a multiple of Rs 1) with a minimum of six instalments.