Friday, September 24, 2021
HomeNewsHDFC MF to raise Rs 1500 crore for real estate via HDFC...

HDFC MF to raise Rs 1500 crore for real estate via HDFC AIF

HDFCfund

27-Feb-2014 (ET)

HDFC Mutual fund is planning to raise Rs 1500 crore to invest in real estate through its new division HDFC Alternate Investment Fund (AIF).

The company has received its licence for alternative investment funds in 2013.
Earlier HDFC Mutual Fund was investing in real estate through its division HDFC Portfolio Management Services. They had raised Rs 3,800 crore in 2008.

In May last year, SEBI has notified the guidelines for alternative investment funds. The minimum investment under this category in Rs 1 crore.  These funds will be close-ended with a tenure of not less than three years and the maximum number of investors will be 1,000 entities.

Other AIF
Jones Lang LaSalle India’s Segregated Funds Group closed its first real estate fund — Residential Opportunities Fund-I — at Rs 161 crore.

Also Read:   Cheque books and passbooks for seven banks are invalid
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Also Read:   Cheque books and passbooks for seven banks are invalid

Most Popular

Recent Comments