Navi MF files for Internet of Things ETF Fund of Fund

Navi Mutual Fund has filed a draft scheme information document with the Securities and Exchange of India (Sebi) for the Internet of Things ETF Fund of Fund (FoF). It is an open-ended fund that will be investing in units of overseas exchange-traded funds which provide exposure to companies that stands to benefit from the broader adaption of the Internet of Things (IoT) technology.