Fund houses launch infrastructure funds

Even as the flavour of the season has shifted from infrastructure to energy funds, there are some fund houses that are still launching infra funds.

“We don’t have the product in our portfolio,” they say in an effort to justify their launches. HDFC’s infra fund is a three year closed-ended fund, while that from the AIG stable is an open-ended one.

Fund managers at both the fund houses say that mega projects in construction, power, petroleum, transport, energy and more are taking shape across the country (thanks to reforms) and their respective funds will help the investors grab a share of this high growth pie.

Of course, it would require really bad fund managing skills, to run a nonperforming infra fund. But investors keen to park a part of their portfolios in this space (these sectors are expected to grow further), could look at existing well performing funds.

UTI Infrastructure, DSP ML TIGER and Tata Infrastructure funds being some of them.