BS Reporters / Kolkota / Mumbai November 7, 2006

The largest domestic mutual fund UTI Asset Management Company is launching a $200-300 million offshore infrastructure fund. The fund is being launched through the company subsidiary UTI International, Chairman and Managing Director UK Sinha said.

To take advantage of the recent India-Singapore double taxation avoidance treaty, UTI AMC has decided to have Singapore as the domicile for its second offshore infrastructure fund.

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Posted by pichu at November 7, 2006 2:09 PM