Mumbai: SBI Funds Management Pvt Ltd has registered initial documents with India’s market supervisory body in order to launch an equity fund, which would invest in domestic plus foreign stocks and mutual funds.

In its offer document, the fund house stated that SBI Emerging International Opportunities Fund will invest around 65 percent of the assets in equities and abroad mutual funds units, and the remaining in debt and money market instruments.

Indian regulations permit fund companies to invest around $300 million in markets out of the country.

Statistics from the Association of Mutual Funds in India has revealed that the fund house has managed assets valued around Rs 237 billion, at the end of September.