Finance Minister P. Chidambaram today launched the maiden Infrastructure Debt Fund (IDF) Scheme of IIFCL Mutual Fund in New Delhi for catalyzing investment in Infrastructure sector. Speaking on the occassion Mr. Chidambaram said that it is important to mobilize resources from insurance and pension sectors for IDFs as these funds are available for long period.The Finance Minister said that in order to give thrust to investment in infrastructure sector, there is an immense need for financial products such as IDFs.The IDF scheme will mainly undertake investment in debt securities or securitized debt instruments of infrastructure companies, infrastructure capital companies or infrastructure projects, Special Purpose Vehicle, Bank loans etc.
News On AIR | June 18, 2013 2:28 PM
Fin Min launches Infra Debt Fund to boost investment in infra sector