Tata Mutual Fund's latest fund launch, Tata Indo-Global Infrastructure Fund declared its first NAV at 10.032 on November 21, 2007. The fund collected more than Rs2219 crores from over 4 lakh investors. This is a new record in collections in India by any asset management company in the private sector for a closed-ended fund.

The fund, which closed on October 17, 2007, attracted tremendous support from the distributor community and investors alike.

Tata Mutual Fund has been a pioneer in the infrastructure mutual fund space in India having launched Tata Infrastructure Fund, over 30 months ago. The new fund, Tata Indo-Global Infrastructure Fund provides wealth creation opportunities through investment in infrastructure-listed equities in India and other countries.

Speaking on the occasion, Ved Prakash Chaturvedi, managing director, said: "The success of this fund is due to our conviction in the long-term growth potential of the infrastructure sector. We believe our experience will help identify opportunities in Indian and overseas infrastructure related equities through this NFO. We have received support from a vast section of retail investors across the country. We aim to enhance our reach and spread to serve more investors around the country."