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Prudential ICICI launches Infrastructure Fund

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Mr Pankaj Razdan (right), Managing Director, Prudential ICICI Asset Management Company Ltd, and Mr Nilesh Shah, Chief Investment Officer, at a press conference to announce the launch of Infrastructure Fund' in Mumbai on Monday - Shashi Ashiwal
Mr Pankaj Razdan (right), Managing Director, Prudential ICICI Asset Management Company Ltd, and Mr Nilesh Shah, Chief Investment Officer, at a press conference to announce the launch of Infrastructure Fund' in Mumbai on Monday - Shashi Ashiwal

Our Bureau

Mumbai, July 18

PRUDENTIAL ICICI Asset Management launched its Infrastructure Fund today. This open-ended equity scheme seeks to invest in equity of companies belonging to the infrastructure sector, according to a press release from the fund house.

The fund is suitable for investors with long term investment horizon looking to diversify their investments portfolio, the release said. The fund will invest at least 95 per cent of the corpus in equity and related securities and also has a provision to invest up to 30 per cent in debt securities.

The minimum subscription amount for the fund is Rs 5,000 and the new fund offering will be open till August 10.

(This article was published in the Business Line print edition dated July 19, 2005)
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