SBI MF Unveils Infrastructure Fund

Mumbai: SBI Mutual Fund has unveiled SBI Infrastructure Fund - Series I', a three-year close-ended growth fund, to invest in the equity of a diversified basket of companies directly or indirectly involved in infrastructure and in the debt markets. The new fund offer opens on May 11 and closes June 8. The fund will have growth and dividend investment options. This fund proposes to harness the investment opportunity in the infrastructure sector from the proposed spending of over Rs 14 lakh crore in the 11th Five Year plan. The fund will infuse a minimum of 65 per cent in equity and equity-related instruments, including derivatives, and the balance may be invested in a mixture of debt and money market instruments.