A slew of mutual funds are planning to launch equity schemes. On Wednesday alone, four fund houses — UTI, BOI-AXA, Sundaram and Motilal Oswal — have filed draft papers for new fund offers (NFOs) with market regulator SEBI.
Sundaram Mutual Fund is launching Sundaram Equity Savings Fund. The investment objective of the scheme is to generate income by investing in debt and arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation through a moderate exposure in equity. “However, there can be no assurance that the investment objective of the scheme will be realised,” it said in the offer document.
