Don’t miss the latest developments in business and finance.

Sundaram MF collects over Rs 600cr via Capex Fund

Image
Press Trust of India Chennai
Last Updated : Jan 25 2013 | 2:40 AM IST
 "We have received very good response to our capex fund, and so far raised about Rs 600 crore. The total amount is expected to be Rs 620-630 crore," T P Raman, chief executive of Sundaram Asset Management Company, said.

 Capex Fund, an open-ended equity fund, was opened for subscriptions on August 10 and closed on September 5.

 "The fund will invest in equity and equity-related instruments of companies in the capital goods sector to generate long-term returns," Raman added.

 Sundaram MF is also planning a fund designed on the theme of Emerging Rural Scene and a Star fund, which will invest in Indian companies that have global aspirations and earn sizeable revenue through exports.

  

Also Read

First Published: Sep 08 2005 | 4:41 PM IST

Next Story