Reliance MF's Infrastructure scheme collects Rs 2,350 cr

The country's top fund house, Reliance MF, today said it has collected Rs 2,350 crore through its recently-concluded infrastructure scheme.     

"The collections are approximately more than 100 per cent of the combined industry NFO collections in the last 12 months and few times the number of investors for all NFOs combined," the company said in a statement.     

The Reliance Infrastructure Fund has collected Rs 2,350 crore through 4.36 lakh applications received in 434 centres across the country.     

The applications are expected to have come from over 1,000 cities and towns.     

"The collection figure illustrates the trust and belief investors have in Reliance Mutual Fund. This is truly remarkable considering that the industry is still recovering from the slowdown of last year.     

"This clearly demonstrates that the investors are willing to invest their money, if they are offered the right product at the right time," Reliance Mutual Fund CEO Sundeep Sikka added.     

Sikka said that the overwhelming response from the investor community at large is an outcome of the mass level investor education programmes and road shows carried out in over 500 cities.