Navi MF to launch blockchain fund

Sachin Bansal led-navi Mutual Fund (MF) on Friday filed an offer document with the Securities and Exchange Board of India (Sebi) for a blockchain index fund of fund. The scheme will be pegged to the Indxx Blockchain Index, a gauge for the performance of companies tied to the blockchain ecosystem. Advances Micro Devices (AMD), Nvidia Corp and Salesforce.com Inc are some of the stocks that form part of the index. Recently, Invesco Mutual Fund had to put the launch of its blockchain fund Invesco Coinshares Global Blockchain ETF Fund of Fund on hold amid regulatory concerns.