Sachin Bansal's Navi MF files documents for 4 new passive funds

During past two months, fund house has filed 14 schemes, all passive. In August, it had filed seven offer documents with Sebi in a single day

Sachin Bansal-backed Navi Mutual Fund (MF) on Friday filed offer documents for four passive funds with market regulator Securities and Exchange Board of India (Sebi). Among the latest are schemes that will invest in new driving technologies, Chinese equities and companies focused on domestic manufacturing.

During the past two months, the fund house has filed around 14 schemes all in the passive investment segment. In August, Navi MF had filed seven offer documents with Sebi in a single day.

Passive funds aim to replicate the performance of a particular index or a basket of securities. While active mutual funds have