Baroda Mutual, UTI MF file papers with SEBI for NFO April 19, 2021 Former targets biz cycle, latter 30 stocks Baroda Mutual Fund and UTI Mutual Fund have filed their initial papers with the Securities and Exchange Board of India (SEBI) for launching new fund offers. Baroda Mutual Fund plans to launch an open-ended equity scheme, Business Cycle Fund, which will focus on dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. The fund will be benchmarked to BSE-500 TRI (total return index). The index represents the top 500 companies based on full market capitalisation from the eligible universe. The scheme will follow a multi-cap approach based on various trends in the business cycle.