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IDFC Mutual Fund on Thursday announced the launch of an infrastructure fund that aims to generate long-term capital growth through a diversified portfolio.
The scheme’s investment objective is to generate long- term capital growth through an active diversified portfolio of predominantly equity and equity-related instruments of firm participating in and benefiting from growth in infrastructure and related activities, the private fund house said. The NFO opens for subscription on February 14 and closes on February 28.
“The fund has been launched at a time when we believe that valuations in this sector are very attractive and there may be huge investment appreciation ahead,” said Mr Kenneth Andrade, IDFC MF Head Investments.
It will be benchmarked against the BSE 200 Index. The scheme will have up to 80-100 per cent exposure in equity and equity-related securities and 0-20 per cent in debt and money market instruments, he said.
The government has proposed Rs 50,000-crore infrastructure fund to support private sector investments in PPP projects.
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