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Infrastructure Fund Launched by IDFC Mutual Fund

Wednesday, February 23, 2011

Recently, IDFC Mutual Fund announced the launch of an infrastructure fund. The fund aims to generate long-term capital growth through a diversified portfolio of predominantly equity and equity-related instruments.

An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of the fund house, “IDFC Infrastructure Fund is an open-ended scheme. 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.”

Infrastructure Fund IDFC Mutual Fund is aimed to generate long-term capital growth through an active diversified portfolio of predominantly equity and equity-related instruments of firm.

Further the news portal quotes a statement of Kenneth Andrade, IDFC MF Head Investments, “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.”

Further he said, “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.”

Infrastructure Fund IDFC Mutual Fund is being considered as the biggest investment in comparison of BSE and money market instruments.

The news portal gives a light on the Infrastructure Fund of IDFC Mutual Fund, “The government has proposed Rs 50,000-crore infrastructure fund to support private sector investments in PPP projects.”

So, there is a good support of government also of Rs. 50,000 crore infrastructure funds to support private sector investments in PPP projects.

Infrastructure Fund of IDFC Mutual Fund is open from 14th February and closes on 28th February, 2011. You can subscribe the Infrastructure Fund of IDFC Mutual Fund between the above mentioned dates. It is a good news like Kotak Secure Invest Insurance and Kotak Wealth Insurance of Kotak Life Insurance.

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