HDFC Asset Management Co Ltd has filed initial papers with India's market regulator to launch a fund to invest in companies likely to benefit from country's rising spend on infrastructure.
The fund would invest at least 65% of the assets in infrastructure-related firms and the rest in other stocks, debt and money market instruments, the fund house said in its offer document.
The fund house managed assets worth about 477 billion rupees at the end of October, data from the Association of Mutual Funds in India showed.
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