L&T Mutual Fund has sought approval from the Securities and Exchange Board of India’s (SEBI), to launch L&T Focused Equity Fund.

It is an open-ended equity scheme and will invest in a maximum of 30 large, mid and small-cap stocks. The scheme will invest up to 65% of its assets in equity and equity-related securities, and the rest 35% will be invested in debt and money market instruments.

Furthermore, it also has the provision to invest up to 10% in units of REITs (real estate investment trusts and InvITs (infrastructure investment trusts).

Read EquityPandit’s Technical Analysis of Indian Stock Market