SEBI constitutes Committee on Infrastructure Funds

In order to promote the flow of investment to the infrastructure sector, Finance Minister in budget speech announced that mutual funds would be permitted to launch and operate dedicated infrastructure funds. In order to suggest a detailed action plan to operationalise the FM announcement, SEBI has decided to constitutes Committee on Infrastructure Funds.

The Committee will be headed by Shri U.K. Sinha, Chairman & Managing Director, UTI AMC. Shri Milind Barve, Managing Director, HDFC AMC and Shri S.Naganath, President, DSP Merrill Lynch Fund Managers Ltd. will be the Members of the Committee and Shri P.K. Nagpal, Chief General Manager (CGM), SEBI will be the Member Secretary.

The Committee will be required to submit its report within a period of three months.

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