Principal PNB Asset Management Company has launched
its mutual fund scheme `Principal Infrastructure &
Services Industries Fund', which will invest in equities
of companies in the infrastructure and services sectors.
to the company the new fund offer is aimed at giving maximum
returns by investing in companies in the two key sectors
of the Indian economy infrastructure and services
Infrastructure & Services Industries Fund is the only
diversified equity fund, which will invest jointly in
infrastructure and services industries.
new fund offer will invest in infrastructure companies
involved in capital goods, construction, cement, IT hardware
and commercial vehicles and in companies in services such
banking and finance, healthcare, hotels, media and entertainment,
products will help increase its total assets under management
from Rs7,000 crore to Rs15,000 crore by the end of this
new fund offer gives the investor two investment options
growth and dividend. The period will be from January
9 to 31.