Thursday, October 11, 2007

SBI funds a series of huge response

Infrastructure Fund – Series I from SBI Mutual Funds has SBI funds a series of huge response got an overwhelming response from the investors & has accumulated Rs.25 billion. SBI received 6 lakh applications for the fund. This fund is a three-year close-ended, growth oriented scheme & would reopen for constant re-purchases from July, 2010. The company is also planning to set up new schemes like gold exchange traded fund (ETF) & on-shore fund for overseas investment – keeping the needs of their customers in mind. The Resurgent Indian Opportunity Fund – the off shore fund launched by SBI MF, however didn’t draw notable response.
For Complete IIPM Article, Click on IIPM Article

Source:
IIPM Editorial, 2006
An
IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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