IDBI Mutual Fund plans to expand its product bouquet and distribution network in order to grow its business and cater to a wider set of customers. The asset management company is hopeful of launching four additional funds in debt and equity segment by the end of this fiscal, said its Managing Director and Chief Executive Officer, Mr Debasish Mallick.
IDBI — which has assets under management of about Rs 5,000 crore as on September 30 — currently has about six products in its portfolio. “Our product offering is limited at present so we want to introduce more products and increase our distribution network to penetrate deeper into the market,” Mr Mallick said at a press meet to announce the launch of its gold exchange traded fund here on Friday.
The company was exploring the possibility of launching an infrastructure debt fund. “We have adequate experience in the infrastructure sector and our sponsors are also into financing of infrastructure projects, so we are looking at it,” Mr Mallick said.