Can you tell me about the proposed Navi Blockchain Fund and where will this fund invest?

By the way, Navi is not the first Blockchain fund. Invesco had proposed a Blockchain fund but had cancelled after SEBI approval. Now, Sachin Bansal’s Navi Mutual Fund has filed for a Blockchain Index Fund of Funds (FOF). That means it will invest in global blockchain company or in global blockchain indices. It will track the Indxx Blockchain Index, which is one of the popular global benchmarks for blockchain.

However, Navi has decided to desist from investing in any company connected to crypto exchanges or large holders of cryptocurrencies. It will invest in Advanced Micro Devices), Nvidia Corp and Salesforce.com that are supporting the Blockchain. Incidentally, cryptos are based on blockchain technology.

As per the document filed, Navi Blockchain FOF will focus on active enablers and active users of blockchain. The blockchain index is up 45.5% in the last 1 year with 19.83% CAGR over last 3 years.