Sachin Bansal’s Navi Mutual Fund plans to launch electric vehicles fund

New Delhi: After filing papers for over 10 new schemes with the Securities and Exchange Board of India (Sebi) last month, Sachin Bansal-backed Navi Mutual Fund has filed draft documents for four more funds, including an electric vehicles fund. Most of the documents have been filed for passively managed funds as the fund house seems to be looking to make a place in this category.

The fund house has filed papers with Sebi to launch an electric vehicles fund—Navi Electric Vehicles and Driving Technology Fund of Fund (FoF)—an update with the markets regulator showed on Friday.