Reliance AIF to raise Rs1,000 crore office fund

Reliance AIF Asset Management Co. Ltd is raising a Rs 1,000 crore rental yield fund, its first initiative to buy and own office projects. Besides Reliance AIF’s fund, two more such office investment funds are expected to launched this year.

Reliance AIF, a unit of Reliance Nippon Life Asset Management Ltd, launched the fund in January and is looking at investing in high-quality assets in key cities that will generate regular rental income and capital appreciation on exiting the property.

Read more: Livemint