Nippon India Mutual Fund files for artificial intelligence fund

DSP MF also filed DSP Future of Transportation Fund of Fund on January 21, 2022. The fund will invest in a combination of international ETFs to track stock performance of companies exposed to electric vehicle industry and companies involved in researching and developing futuristic technologies for transportation.

Funds with new investment themes

Mirae MF and Sachin Bansal-backed Navi MF have both earlier filed for electric vehicle and driving technology funds.

Also read: Why mutual funds are making a dash for electric vehicles with new scheme launches?

Nippon India has also filed for an electric vehicle fund.

Semi-conductor chips are among the other futuristic investment themes that mutual funds want to offer investors.

Tata MF has filed for a semiconductor fund of fund. The fund will hold units of various overseas-listed exchange traded funds (ETFs) that in turn will invest in semiconductor chip companies that are listed overseas.

The semiconductor chips have become increasingly important for industries like automobiles, communication, smartphones, artificial intelligence, Internet of Things, etc.

Nippon India has launched Nippon India Taiwan Equity Fund that will invest in semiconductor chip manufacturers of Taiwan. Taiwan’s semiconductor industry companies are leaders in the semiconductor industry.