Reliance Mutual Fund launches infrastructure fund
Agencies
Posted: Wednesday, May 27, 2009 at 1705 hrs IST
Updated: Wednesday, May 27, 2009 at 1705 hrs IST
Mumbai: Reliance Anil Dhirubhai Ambani group-controlled Reliance Mutual Fund, announced the launch of its Reliance Infrastructure Fund.
The infrastructure fund, an open-ended fund, will invest predominantly in companies engaged in infrastructure and infrastructure-related sectors in the country, Reliance Capital Asset Management CEO, Sundeep Sikka, said in Mumbai.
The primary investment objective of the fund will be to generate long-term capital appreciation. It will invest in equity and equity-related instruments of companies engaged in infrastructure and infrastructure-related sectors like transport, banks and financial institutions, energy, power and oil, metals and minerals, telecom and urban infrastructure amongst others.
"Infrastructure is a key priority for India and we hope a spurt of infrastructure spending in the economy on the back of a stable Government and ease of project financing," Sikka said.
The right time is now to invest in infrastructure and infrastructure-related firms, a sector which is likely to get a boost from the new Government, he said.
Comments
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Posted by NARESH NAYAK on 2009-07-31 12:38:27.975959+05:30
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Posted by Rajender Kumar on 2009-07-27 17:58:19.751377+05:30
I want to invest my money in relince mutual fund infrastrusture plz tel me the process .Can you please send me details about Investment procedures and its benefits.
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I am already invested reliance infra MF on 23-Jun-09 the puchase has been done through an agent,his agency at Dadar.unfortunatly i don't have the agent phone no and address,His name is Mr.Patnaik. he send an exicutive to me and he given the form and filled the form and i gave the cheque, I am yet not received the aknoledgment. please help me......
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Posted by g srinivasa rao on 2009-06-23 22:29:38.120174+05:30
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Posted by lijo varghese on 2009-06-22 18:27:32.663695+05:30
I want to invest my money in relince mutual fund infrastrusture plz tel me the process .Can you please send me details about Investment procedures and its benefits.now iam in saudi arabia .so how i invest money ?throughwhich channel??
