MUMBAI: Seeking to encourage investment in infrastructure sector, a SEBI committee on Monday suggested creating a separate structure for dedicated infrastructure funds (DIF) to be set up by mutual funds and favoured giving tax incentives to retail investors in DIFs.

The Committee on DIF is headed by UTI AMC Chairman and Managing Director U K Sinha and submitted in its report to SEBI chairman M Damodaran here. It observed that the proposed DIFs would have to be structured differently from the current mutual fund schemes as they will be required to invest in unlisted companies with longer gestation period.

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Posted by rjorr at August 6, 2007 9:40 AM