Mumbai: Principal PNB Asset Management Company has launched its mutual fund scheme `Principal Infrastructure & Services Industries Fund', which will invest in equities of companies in the infrastructure and services sectors.

According to the company the new fund offer is aimed at giving maximum returns by investing in companies in the two key sectors of the Indian economy — infrastructure and services industries.

Principal Infrastructure & Services Industries Fund is the only diversified equity fund, which will invest jointly in infrastructure and services industries.

The new fund offer will invest in infrastructure companies involved in capital goods, construction, cement, IT hardware and commercial vehicles and in companies in services such banking and finance, healthcare, hotels, media and entertainment, and software.

These products will help increase its total assets under management from Rs7,000 crore to Rs15,000 crore by the end of this calendar.

The new fund offer gives the investor two investment options — growth and dividend. The period will be from January 9 to 31.