UTI Intl set to launch overseas infra fund

Our Banking Bureau / Mumbai May 08, 2006

Mumbai (Business Standard) - UTI Mutual Fund's UK-based arm, UTI International, proposes to set up an overseas infrastructure fund with a corpus of around $200 million.

U K Sinha, chairman of UTI MF said the funds mobilised overseas for the infrastructure fund will be invested in various infrastructure projects in India. In the last six months, the assets under management with UTI International increased to $150 million from $90 million in the last six months.

The process of registering the infrastructure fund...

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Posted by rjorr at May 8, 2006 7:45 AM