India Infoline to set up asset management company

New Delhi, Dec 17 (UNI) India Infoline Ltd today said it plans to sponsor mutual fund and set up of an asset management company and other related entities for carrying on mutual fund activities.

''This will be subject to the decision of the board,'' said a company statement.

The board will also decide on increasing the limits for investments/loans and guarantees upto a maximum amount of Rs 2,000 crores.

UNI