Fund News

Sachin Bansal-backed Navi Mutual Fund files for blockchain fund

MoneyControl  

Navi Mutual Fund, backed by Flipkart founder Sachin Bansal, has filed for a blockchain fund. The Navi Blockchain Index Fund of Fund (FoF) will invest in an ETF or an index fund that tracks the performance of the Indxx Blockchain Index. Indxx is an index provider that develops specialised indices. Navi MF has also filed for Navi World Index FoF, which will invest in units of an international ETF or index fund that tracks the performance of MSCI World Index.

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