Kotak Mutual Fund, two others file draft documents with Sebi for 4 funds

Kotak, Invesco, and Shriram Mutual Funds have filed draft documents with Sebi to launch four new funds. Kotak Mutual Fund will introduce the Kotak Nifty Midcap 50 Index Fund, an open-ended scheme tracking the NIFTY Midcap 50 Index, managed by Devender Singhal, Satish Dondapati, and Abhishek Bisen. \r

Invesco Mutual Fund plans a thematic equity fund, the Invesco India Manufacturing Fund, managed by Amit Ganatra and Dhimant Kothari, focusing on manufacturing sector equities. Shriram Mutual Fund will launch the Shriram Liquid Fund and Shriram Nifty 1D Rate Liquid ETF, both managed by Deepak Ramaraju and Gargi Bhattacharya Banerjee, with benchmarks against the Nifty Liquid Index A-I and Nifty 1D Rate Index, respectively. \r

All funds have varying minimum application amounts and investment compositions.