By fe Bureau
After witnessing a huge lull in the equity markets, fund raising by mutual funds (MFs) seems to
have caught up again. The MF industry has something to cheer about as Reliance Infrastructure
Fund has collected over Rs 2,500-3,000 crore in its new fund offer (NFO).
A senior official from the Reliance asset management companies (AMC) said, "We have received
very decent response from the NFO and we think that it has collected Rs 2,500-3,000 crore.
However, we will be announcing exact amount collected through the scheme within a few days."
This was an open-ended equity fund and was opened to public on May 27 and closed on June
23. The fund will invest significantly in equity and equity-related instruments of companies
engaged in infrastructure and infrastructure-related sectors such as transport, banks and financial
institutions, energy, power and oil, metals and minerals, telecom and urban infrastructure.
source : http://in.biz.yahoo.com/090625/50/batsl4.html
No comments:
Post a Comment