AIG Investment to raise Rs 2k cr from infra fund

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New Delhi, January 8:: AIG Investments, the asset management arm of American International Group Inc, said it seeks to raise about Rs 2,000 crore from the new fund offer of its Infrastructure and Economic Reform Fund.

"We expects to raise about Rs 2,000 crore form the open-ended equity scheme," AIG Investments Managing Director Saurabh Sonthalia told reporters here.

The scheme aims to generate long-term capital appreciation from a diversified portfolio that would include investment in 45 companies at a time. The fund would invest in companies that may benefit from potential investments in infrastructure and unfolding economic reforms without having any bias towards any sector or market capitalisation range.

The scheme would invest 80-100 per cent in equity and equity related instruments. The investment in domestic debt and money markets instruments is 0-20 per cent. The NFO opens on January 10 and closes on January 31.