SBI Mutual Fund mops up Rs 2536 crores in SBI Infrastructure Fund- Series I
12 Jul 2007

Encouraging response from over 408 small centers; Scheme receives 6.7 lac applications across India

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New Delhi, (IndiaPRwire.com) SBI Mutual Fund, one of the leading mutual funds has created yet another landmark by mopping up Rs 2536 crores under SBI Infrastructure Fund Series - I, issue for which closed on June 11, 2007. Another noteworthy feature has been the overwhelming response that seemed to evoke among investors from smaller centers like Aurangabad, where the fund house has garnered close to Rs 27 crores. The scheme witnessed excellent enthusiasm among retail investors, and received an overwhelming 6.7 lac applications during the NFO period. Commenting on the performance, Mr. Syed Shahabuddin, Managing Director & Chief Executive Officer, SBI Mutual Fund said, “The continuous and sustained response from investors for our various schemes reinforces the confidence of investors in the fund house and it will be our endeavour to continue with more innovative products in the future to suit our investors needs.” “The performance of the fund is attributed to our effort to spread investment culture of mutual funds in smaller centers through our investor education initiatives” Mr. Shahabuddin added. SBI Infrastructure Fund – Series I’ would primarily focus on diversified basket of equity stocks of companies that are directly or indirectly involved in the burgeoning infrastructure growth in the Indian economy, and in debt & money market instruments. This fund proposes to harness the investment opportunity in the infrastructure sector from the proposed spending of over Rs 14 lac crores in the 11th Five Year plan by the Government.

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