Top mutual funds have launched equity schemes that will look out for investment opportunities in the country’s shift to the new tax regime from July 1 and pick value stocks in a richly-priced market, while buying insurance against downsides. ICICI Prudential Mutual Fund, HDFC Mutual Fund and Birla Sun Life Mutual Fund have launched equity schemes, which will be close-ended funds with tenure of up to three and a half years.
