SBI MF has collected Rs. 2,536 crore from SBI Infrastructure Fund Series- I whose subscription closed on 11 June 2007. The scheme received an overwhelming 6.7-lakh applications during the NFO period. The scheme launched would primarily focus on diversified basket of equity stocks of companies that are directly or indirectly involved in the infrastructure growth and in debt and money market instruments.
After the successful debut of SBI infrastructure fund series - I, some more fund houses like Kotak Mutual Fund have filed their prospectus with the SEBI. Tata mutual that already has an infrastructure fund plans to offer a global infrastructure fund that will invest in infrastructure companies in India and abroad.
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