infra fund Launch
Aditya Birla Sun Life MF launches infra fund
Aditya Birla Sun Life Mutual Fund, the wholly-owned subsidiary of Birla Sun Life MF, has launched India Infrastructure and Reforms Fund, an open ended equity fund targeted at global investors.
The new fund offer, which opened for subscription on April 10, will close on April 25, 2014. It will focus on a portfolio of 20-30 stocks of domestic infra companies.
“The Indian economy is on the road to recovery and macro indicators being favourable, we see upcoming quarters presenting great promise in the Indian infrastructure space,” Chief Executive Officer of Birla Sun Life MF, A Balasubramanian, said in a release here.
Home Expo India 2014 bags business orders worth Rs 586 cr:EPCH * Asia’s largest exhibition of home and lifestyle products – Home Expo India – concluded today and is likely to generate business worth Rs 586 crore.
The four day exhibition, organised by Exports Promotion Council for Handicrafts (EPCH), showcased furnishings, floorings, textiles, houseware and decoratives from 1,250 exhibitors under one roof, and registered over 1,456 overseas buyers.
The foreign buyers mostly came from US, UK, Germany, France, Denmark, Netherlands