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Wednesday, November 28, 2007
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Mutual Fund News
Nov 26 2007 10:50AM
HDFC MF plans infrastructure fund
HDFC Asset Management Co Ltd has filed initial papers with India's market regulator to launch a fund to invest in companies likely to benefit from country's rising spend on infrastructure.

The fund would invest at least 65% of the assets in infrastructure-related firms and the rest in other stocks, debt and money market instruments, the fund house said in its offer document.

The fund house managed assets worth about 477 billion rupees at the end of October, data from the Association of Mutual Funds in India showed.

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Equities: Trading through Reliance Securities Limited | NSE SEBI Registration Number Capital Market :- INB 231234833 | BSE SEBI
Registration Number Capital Market :- INB 011234839 | NSE SEBI Registration Number Derivatives :- INF 231234833 Commodities : Trading through Reliance Commodities Limited | MCX member code: 29030 | NCDEX member code: NCDEX-CO-05-00647|
NMCE member code: CL0120 Mutual Funds : Reliance Securities Limited | AMFI ARN No.29889
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