HDFC Venture to launch $750 mn intl fund

 About 71% of the Rs 1,000 crore HDFC Property Fund has been invested in unlisted equity and equity-linked instruments of companies engaged in real estate activities such as large mixed developments, IT parks,
residential projects and commercial offices.

 The second domestic scheme, HDFC IT Corridor Fund has a corpus of Rs 464 crore. The entire corpus has been invested in rental incomeyielding commercial properties in major cities in India.

During 2005-06, HDFC Venture made a net profit of Rs 9.08 crore.HDFC owns 80.5% of HDFC Venture.