"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.