Govt To Allow $10Bn Foreign Investment In Mutual Funds

27 June, 2011

India has decided to allow foreign investors to invest up to $10 billion in domestic mutual funds and the market regulator will issue the necessary guidelines for such investments by Aug. 1, the finance ministry said in a statement on Monday.

The move to allow foreign investors, known as qualified foreign investors, was first proposed by Finance Minister Pranab Mukherjee in the budget for the fiscal year that started on April 1.

At present, only foreign institutional investors and sub-accounts registered with the market regulator Securities and Exchange Board of India, and non-resident Indians are allowed to invest in Indian mutual fund schemes.


Leave Your Comment
India Allows Foreign Investors To Buy Local Mutual Funds

India Allows Foreign Investors To Buy Local Mutual Funds

Reuters 6 years ago
India on Tuesday allowed foreign investors to buy up to a cumulative $10 billion in domestic equity funds, opening the door wider to capital flows...
Welcome QFIs: A New Entry Route For Foreign Investors

Welcome QFIs: A New Entry Route For Foreign Investors

Ashish Kabra 6 years ago
Introduction With the start of 2012, the Government has made a strong bid to strengthen the domestic markets by proposing to allow Qualified Foreign Investors...
SEBI comes with norms for International Financial Service Centres; AIFs under IFSCs

SEBI comes with norms for International Financial Service Centres; AIFs under IFSCs

TEAM VCC 2 years ago
Securities market regulator SEBI has come up with guidelines to facilitate and regulate financial services relating to securities market in an International Financial Services Centre...
No Comments

Govt To Allow $10Bn Foreign Investment In Mutual Funds

Powered by WordPress.com VIP