Bored with traditional mutual funds? Check out these unique propositions

Have you already developed a core portfolio and are seeking some unique funds to supplement it? Continue reading to learn more about some of the most interesting forthcoming mutual fund offers.

Mutual funds are a popular investment option for both regular and institutional investors. When investing in mutual funds, a healthy combination of equity and Debt Funds makes more sense.

Furthermore, splitting your assets into core and satellite portfolios can help you manage risk more effectively. A core portfolio will assist you in taking reasonable risks and reaching your financial objectives. In contrast, a satellite portfolio may help you add spice to your portfolio.

If you already have a well-constructed core portfolio and are wanting to establish a satellite portfolio, keep reading to learn about some intriguing forthcoming mutual funds.

Navi Internet of Things ETF Fund of Funds

Navi Mutual Funds is an advocate of passive investing. Navi mutual funds have filed a draft offer with the Securities and Exchange Board of India (SEBI) for the Internet of Things ETF FoF. Investing in foreign exchange-traded funds (ETFs) with exposure to companies that stand to benefit from the expanding usage of Internet of Things (IoT) technology is the objective of this open-ended fund of funds scheme.

Navi Metaverse ETF Fund of Funds

This is another Navi Mutual Fund scheme that is anticipated to invest in future technologies. The Navi Metaverse ETF FoF draft offer has been submitted with SEBI. This fund of funds plan would invest in units of foreign exchange-traded funds (ETFs) which would give exposure to companies that are well-positioned to benefit from the Metaverse's development. This strategy would put money into the Roundhill Ball Metaverse ETF.

HDFC Defence Fund

An open-ended equity scheme, the HDFC Defence Fund aims to invest in companies involved in the defence and associated industries. There is currently no designated mutual fund for the defence sector. As the Indian government's defence spending has increased, this industry is set to profit from the rise in the defence sector.

Mirae Asset Global Clean Energy ETF Fund of Funds

This plan calls for investing in foreign equity ETFs that focus on companies that produce energy from renewable sources and companies that stand to benefit from an increase in the use of technology that avoids or lessens detrimental environmental consequences. SEBI has received the draft offer for Mirae Asset Global Clean Energy ETF FoF.