Invesco will launch a NASDAQ 100 fund of fund investing in its European ETF with exposure to NASDAQ 100 stocks. SBI Mutual Fund became the first fund house to cross Rs. 6 lakh crore in average AUM for FY22, registering over 30 lakh new SIPs in the first 9 months of FY22. A US-based fund launched the first ETF investing in companies selected based on CEO behavior, which Indian investors can invest in through LRS. HDFC Mutual Fund filed for India's first defense fund benchmarked to the Nifty India Defense Index, with top sectors being industrial manufacturing and chemicals.
6. HDFC Files for India’s First Defence Fund
● HDFC Mutual Fund filed a scheme information document (SID)
with SEBI for India’s first Defence Fund – HDFC Defence Fund.
● This fund will be benchmarked to the recently introduced Nifty India
Defence Index TRI (Total Returns Index)
● The top constituents of the index by weightage are Solar Industries
India, Bharat Electronics, Hindustan Aeronautics, BEML, Kochi
Shipyard etc.
● In terms of sector representation, industrial manufacturing and
chemicals sector make up for 79 per cent and 21 per cent of the