Date:30/08/2008 URL: http://www.thehindu.com/2008/08/30/stories/2008083056881600.htm

Business - Briefly

IDFC MF introduces Strategic Sector fund

CHENNAI: IDFC MF has launched Strategic Sector (50-50) equity fund, an open-ended equity fund that will invest upto 50 per cent of the assets in a chosen sector that is positioned for high returns while the balance may be invested in companies having diversified exposure. This scheme may also invest in debt and money market instruments, says a release. — Corporate Reporter