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Monday, November 19, 2012

Srei Infrastructure receives Certificate of Registration for Srei Mutual Fund (IDF)

Srei Infrastructure announced that it has received the Certificate of Registration for Srei Mutual Fund (IDF) from SEBI. 

Commenting on the development, Hemant Kanoria, Chairman and Managing Director, Srei Infrastructure Finance Limited, said, “We are delighted to receive the approval for mutual fund. Infrastructure Debt Fund (IDF) via Mutual fund route opens up long term funding options for the infrastructure sector, which is the need of hour. Srei, a holistic infrastructure institution and sponsor to the mutual fund, has taken another step to meet the growing needs of infrastructure and Indian economy.”

CEO of Srei Mutual Fund Asset Management Private Limited, Mohit Sachdev, said, “Infrastructure sector in India offers a good long term opportunity for debt investors. Institutions, like Pension Funds, Insurance Companies and Provident Funds, which have long term liabilities require investment opportunities with matching cash flows. IDF via the Mutual Fund route would make a good investment vehicle for these institutions.”
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