Singapore-based Aditya Birla Sun Life Asset Management Company, the wholly owned subsidiary of India-based Birla Sun Life Asset Management Company, has rolled out its newest offering known as India Infrastructure and Reforms Fund, an open-ended equity fund targeting global investors.
The fund, which will focus on a set of 20 – 30 stocks of Indian Infrastructure companies such as engineering, construction, power and utilities, asset owners (roads, ports, airports, others) logistics and transportation sectors, will be open for subscription from 10 April 2014 to 25 April 2014.
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In future, the fund has plans to invest in other sectors including banking, retail and PSU.
Birla Sun Life Asset Management Company Limited CEO A Balasubramanian said, "The Indian economy is on the road to recovery and macro indicators being favourable, we see upcoming quarters presenting great promise in the Indian Infrastructure space."
"For global investors looking to capitalise on emerging opportunities, India is at the cusp of that change and now is the right opportunity to latch on.
"The launch of our India Infrastructure and Reforms Fund therefore is most timely, as it allows global investors with a long term view to make the most of India’s growth story in this domain," Balasubramanian added.
The asset management company said that the portfolio of India Infrastructure and Reforms Fund will be diversified across large, mid and small cap stocks leveraging a mixture of top-down and bottom-up approach.
