Sundaram MF collects over Rs 600cr via Capex Fund

 "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.