India: Sachin Bansal-backed Navi MF files for Blockchain Fund with Sebi

Navi Mutual Fund which is part of Sachin Bansal backed Navi Group has filed for a Blockchain Index Fund of Funds (FoF) with Sebi. The new fund is slated to track the Indxx Blockchain Index. However the index and hence the fund tracking it steer clear of companies directly connected to cryptocurrency such as crypto exchanges or large holders of crypto. Instead it counts companies like Advanced Micro Devices (AMD), Nvidia Corp and Salesforce.com Inc among its top holdings. It has 100 stocks overall, a list which includes Indian companies like Infosys, Wipro, TCS and Kotak Mahindra Bank.