Navi Internet of Things ETF Fund of Fund – Navi Mutual Fund files offer document with SEBI
Navi Mutual Fund has filed offer document with SEBI to launch An open-ended fund of fund scheme investing in units of overseas ETFs which provides exposure to companies that stands to benefit from the broader adaption of the Internet of Things (IoT) technology. .
The New Fund Offer price is Rs.10 per unit.
The objective of the scheme is to provide long-term capital appreciation by investing in units of overseas that tracks the performance of companies that are expected to benefit from the increased adoption of the Internet of Things (IoT).
The fund manager for this scheme is Mr.Aditya Mulki
“This product is suitable for investors who are seeking Capital appreciation over the long term
Investments in units of equity ETFs which are based on companies that are positioned to benefit from the broader adaption of the IoT technology.”
“The scheme asset allocation will be Units of overseas ETFs that invests in companies engaged in Internet of Things(95-100%)
Debt schemes, Debt & Money MarketInstruments, including Tri Party Repo^, G-Secs, Cash and Cash at call, etc.(0-5%)”
The riskometer for this scheme is Very High
| Name of Mutual Fund | Navi Mutual Fund |
| Scheme Name | Navi Internet of Things ETF Fund of Fund |
| About Scheme | An open-ended fund of fund scheme investing in units of overseas ETFs which provides exposure to companies that stands to benefit from the broader adaption of the Internet of Things (IoT) technology. |
| Offer of Unit | Rs.10 |
| Objective | to provide long-term capital appreciation by investing in units of overseas that tracks the performance of companies that are expected to benefit from the increased adoption of the Internet of Things (IoT). |
| Name of Fund Manager | Mr.Aditya Mulki |
| This product is suitable for investors who are seeking | Capital appreciation over the long term Investments in units of equity ETFs which are based on companies that are positioned to benefit from the broader adaption of the IoT technology. |
| The scheme asset allocation will be | Units of overseas ETFs that invests in companies engaged in Internet of Things(95-100%) Debt schemes, Debt & Money MarketInstruments, including Tri Party Repo^, G-Secs, Cash and Cash at call, etc.(0-5%) |
| Riskometer | Very High |
| DRHP | Click here |