JioBlackRock Mutual Fund has filed draft documents with Sebi for an income plus arbitrage omni FoF, which will invest in debt-oriented and arbitrage funds. The open-ended scheme will offer regular and direct plans with growth options, a Rs 500 minimum investment and a benchmark combining debt and arbitrage indices.
Equity MF inflows slide 14%; large & midcaps gain traction
Inflows into equity mutual fund schemes fell by 14% in October, reflecting a trend of reduced investor allocations. Although smallcap funds saw decreasing inflows, large