Elana Fund Management's newly established mutual fund, Elana Global Equity Fund, will start selling shares to investors on 15 November, the company said on Tuesday.

The public issue was cleared by the country's financial watchdog at the end of October. The initial price of one unit of the fund is EUR 100.

Investors will need to pay a 1% fee of the net asset value for purchases worth below EUR 500,000. Elana Global Equity Fund is the company's eighth mutual fund, which will invest predominantly on the international capital markets.

It will focus mainly on blue chips, as well as exchange-traded funds related to the emerging markets, including China, India, Russia, Brazil.