Nikhil Khattau, chief executive officer of Sun F&C Asset Management (I) Pvt Ltd who was here for the opening of the Pune office believed that the Sun F&C Mutual Fund would be able to expand its asset base by Rs. 200 crore in the next twelve months. The Fund currently has Rs. 550 crore worth of total assets under its management. Pune is the eighth office opened by the company. The company opened six offices in the last two months in different parts of the country with the aim of capturing atleast five per cent of the Indian market.

Commenting on the launch of the Fund's operations in Pune, Khattau observed that an industrialised city like Pune offered enormous scope for the Fund.

The Fund offers two schemes - the Sun F&C Value Fund which is an open ended equity scheme and Sun F&C Money Value Fund, a dual option fixed income fund. The liquid fund is meant for investment in short-term surplus with individuals and corporates while the bond option provides a tax efficient avenue for investment of medium to long-term funds.

The portfolio of the fund focuses on industries like software, pharmaceuticals, personal care products and fast moving consumer goods. Sun F&C Asset Management (India) Pvt Ltd is an equal joint venture between Foreign and Colonial Emerging Markets Ltd, UK and Sun Securities.