Three mutual funds filed draft documents with Sebi last week to launch new funds. These fund houses together will launch three thematic schemes. The drafts are filed by Axis Mutual Fund, Edelweiss Mutual Fund, and Motilal Oswal Mutual Fund.

These schemes will be based on Build India, innovation and consumption themes.

Axis Build India Fund will be an open-ended equity scheme following the theme that focuses on creating and enabling the creation of real assets.