Business Daily from THE HINDU group of publications
Friday, May 11, 2007
ePaper
Business Daily from THE HINDU group of publications Friday, May 11, 2007 ePaper |
|
|
|
|
|
|
|
|
|
|
Home Page
-
Mutual Funds Markets - New Fund Offer Our Bureau
NEW FUND LAUNCH: (from left) Mr Sanjay Sinha, Head of Equity, SBI Mutual Fund, with Mr Didier Turpin, Deputy CEO, and Mr Srinivas Jain, Chief Marketing Officer, at a press conference in Mumbai on Thursday. — Paul Noronha
Mumbai May 10 SBI Mutual Fund has launched `SBI Infrastructure Fund - Series I', a three-year close-ended growth fund, to invest in the equity of a diversified basket of companies directly or indirectly involved in infrastructure and in the debt markets. The new fund offer opens on May 11 and closes June 8. The minimum application for the scheme is Rs 5,000. The fund will have growth and dividend investment options. "This fund proposes to harness the investment opportunity in the infrastructure sector from the proposed spending of over Rs 14 lakh crore in the 11th Five Year plan," said Mr Sanjay Sinha, Head of Equity, SBI Mutual Fund. The fund will have a top-down approach to identify and create a diversified portfolio of companies and will have no sectoral or market capitalisation bias. The fund will invest a minimum of 65 per cent in equity and equity-related instruments, including derivatives, and the balance may be invested in a mixture of debt and money market instruments. The fund has been benchmarked against the BSE 100 index. The fund may also invest up to 10 per cent of its corpus in private equity or unlisted stocks of companies in the infrastructure space, said Mr Sinha.
More Stories on : Mutual Funds | New Fund Offer
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
