Mirae Asset Mutual Fund has sought the approval of the Securities and Exchange Board of India (SEBI) to launch Mirae Asset Debt Opportunities Fund, according to information on the regulator's website.
The open-ended income scheme will invest at least 65 percent of its corpus in corporate debt/bonds, and up to 35 percent in debt and money market instruments.
Investments in REITs (Real Estate Investment Trusts) and InVITs (infrastructure investment trusts) has also been capped at 10 percent.
In January, this year, SEBI had allowed mutual funds to invest in REITs and InVITs to make real estate and infrastructure investments trusts more attractive for investors.
