Groww Mutual Fund has launched the Groww Nifty India Defence ETF and the Groww Nifty India Defence ETF FOF. The new fund offer (NFO) is open for subscription until October 4, and the scheme will reopen for continuous sale and repurchase on October 18.

The new fund offer (NFO) will remain open for subscription till October 4 while the units under the scheme would be allotted on October 11, the company said. It also said that the scheme will be benchmarked to the Nifty India Manufacturing Index (Total Return Index).

Old Mutual Zimbabwe has launched the Old Mutual Renewable Energy Fund, a private equity fund dedicated to fostering renewable energy investments in rthe country. The fund is registered with the Securities and Exchange Commission with Old Mutual, the Government of Zimbabwe, and various UN agencies as its key initial investors.

LIC Mutual Fund on Friday launched a new Manufacturing Fund, an open-ended equity scheme, and said it is looking to achieve an asset under management of Rs 60,000 crore this fiscal.

Venture capital firm Capital A launches a Rs 400 crore fund focused on high-potential sectors like manufacturing, deep-tech, climate, and fintech startups. The fund aims to invest in 17-20 companies over the next few years.

LIC Mutual Fund has launched LIC MF Manufacturing Fund, an open-ended equity scheme focused on manufacturing themes. The NFO is open until October 4, with units allotted on October 11. The scheme aims to achieve long-term capital appreciation by investing in equity and equity-related instruments of manufacturing companies.