2 mutual funds file draft papers with Sebi to launch 3 passive funds and a smallcap fund

economictimes.indiatimes.com:

mutual funds have filed draft documents with Sebi to launch new funds. These fund houses will jointly introduce three passive funds and one small-cap fund. The drafts have been submitted by Edelweiss Mutual Fund and Mirae Asset Mutual Fund.

These passive schemes will be based on the BSE Capital Markets & Insurance TRI, BSE Internet Economy TRI, and BSE 200 Equal Weight TRI (Total Return Index) indices.

Edelweiss BSE Capital Markets & Insurance ETF

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Edelweiss BSE Capital Markets & Insurance ETF will be an open-ended exchange-traded scheme replicating or tracking the BSE Capital Markets & Insurance Total Return Index.

The investment objective of the scheme is to generate returns that align with the performance of the BSE Capital Markets & Insurance Total Return Index, subject to tracking errors. The scheme will be benchmarked against the BSE Capital Markets & Insurance TRI.

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