SBI MF Witnesses Good Returns From Infrastructure Over Next 3 Years

New Delhi: SBI Mutual Fund predicts superior returns from investments in infrastructure over the next 3 years as against the return that a bank deposit could offer to an investor during this period. The possibility of superior returns in infrastructure is more. The New Fund Offer of the SBI infrastructure fund-Series-I opened on May 11 and would close on June 8. With an estimated Rs 14.5 lakh crore of investments to be made in the country's infrastructure during the Eleventh Plan, the fund house has come up with a three-year close-ended infrastructure fund to make the most of this investment opportunity.
About 65 per cent of the fund will be infused in companies involved in the infrastructure space. The proportion between large-cap and mid-cap stocks would be in 70:30 ratio. This fund would not have any sectoral or market capitalisation bias. SBI Mutual Fund hopes to garner more funds than what its previous NFO (SBI One India Fund) had attracted. SBI Mutual Fund had mopped up Rs 1,800 crore from its One India Fund in November last year.