Top distinctive upcoming mutual fund offerings that might interest you

Have you already built a core portfolio and are looking out for some unique funds for your satellite portfolio? Read on to find out more about some of the top unique upcoming mutual fund offerings.  

Mutual fund is one of the most popular investment avenues among retail as well as institutional investors. While you invest in mutual funds, investing in a good mix of equity and debt funds makes more sense.

Moreover, dividing your investments into core and satellite portfolio would help you manage risk in a better way. A core portfolio will help you to take acceptable risk and help you in achieving your financial goals. Satellite portfolio on the other hand, helps in adding zing to your portfolio.

If you are having a well-built core portfolio in place and are looking a build a satellite portfolio, then continue reading to know about unique upcoming mutual funds.

Navi Internet of Things ETF Fund of Funds 

Navi Mutual Funds is a pro-passive fund house. Navi mutual funds have submitted the Internet of Things ETF FoF to the Securities & Exchange Board of India (SEBI). This is an open-ended fund of funds scheme that would invest in the foreign exchange-traded funds (ETFs), having exposure to businesses that stand to gain from the increased use of Internet of Things (IoT) technology.

Navi Metaverse ETF Fund of Funds 

This is another scheme from Navi Mutual Fund that would likely bet towards the future technology. The draft offer of Navi Metaverse ETF FoF has been filed with SEBI. This is a fund of funds scheme would invest in the units of foreign exchange-traded funds (ETFs) that would provide exposure to businesses that are well-positioned to gain from the development of the Metaverse. This scheme would invest in the Roundhill Ball Metaverse ETF. 

HDFC Defence Fund 

HDFC Defence Fund is an open-ended equity scheme that proposes to invest in businesses of defence and related industries. At present there is no dedicated mutual fund towards defence sector. As the Indian government spends have surged on defence, this sector is likely to benefit from rally in defence sector. 

Mirae Asset Global Clean Energy ETF Fund of Funds 

This scheme proposes to invest in foreign equity ETFs that invests based on businesses that generate energy from renewable sources and businesses that stand to gain from a rise in the use of technology that prevents or mitigates harmful environmental effects. The draft offer for Mirae Asset Global Clean Energy ETF FoF have been filed with SEBI.