Objective:
The Infrastructure portfolio (IP) aims to be a proxy to India’s economic growth by participating in infrastructure and Infrastructure related businesses.

Investment Characteristics:
Infrastructure remains the finest proxy to participate in India’s growth. Given below are a few characteristics that explain why infrastructure investment is such a compelling opportunity.

Key areas of Participation:
Infrastructure investment can be broadly categorized into two spheres- social & physical. Creation of social infrastructure in areas like education, healthcare is largely in the government domain today. The IP will attempt to capitalize on companies that take advantage of Government spending in these sectors. But largely, our focus will remain in businesses that cater to the creation of physical infrastructure. A sample of opportunities is mentioned below:

• Infrastructure opportunities - Capital goods, Real estate, Airports, Roads, Construction, Irrigation, Agri-based opportunities, Oil & Gas, Ports, Water Management, Power, Telecom & Communications, Infrastructure Finance & Banking, Pipes, Railways etc.
  
  
• Quasi-infrastructure companies - Malls, Entertainment, Multiplexes, Tourism
  
  
• Infrastructure company supporters - Resources, Mineral & Mining