Bharti AXA IM to roll out new products by FY09-end

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New Delhi, Sep 15 (UNI) Bharti AXA Investment Managers, owned 75 per cent by AXA with the remainder held by Bharti Enterprises, today said it will roll out new range of financial products by the current fiscal-end.

''We will launch the MIP and the Short Term Bond fund by the year-end and Equity link Saving Scheme for the retail segment in the begining of 2009,'' Bharti AXA IM CEO Sandeep Dasgupta told reporters here.

''The proposals for MIP and Short Term Bond fund are with the regulator and subject to approval, we hope to launch them by the end of the year-end,'' Mr Dasgupta said, adding the company is targeting around 40,000-50,000 investors for its newly launched Bharti AXA equity fund.

The company has raised Rs 5,000-6,000 crore through its Liquid and Treasury Plus funds launched in July, he said.

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