India to allow foreign investment in mutual funds from Augus

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CA ADITYA SHARMA

CA IN PRACTICE

14247 Points Posted on 22 July 2011

https://economictimes.indiatimes.com/personal-finance/mutual-funds/mf-news/india-to-allow-foreign-investment-in-mutual-funds-from-august-1/articleshow/9323712.cmsNEW DELHI: India will allow qualified foreign investors to invest up to $10 billion in domestic mutual funds from August 1, a senior finance ministry official said on Friday.

The government expects good inflows from qualified financial institutions into mutual funds in this fiscal year to March 2012, Thomas Mathew, joint secretary, capital markets at the finance ministry, told reporters on Friday.

The move to allow 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.

Replies (2)

Devadas K S

One life one Dream

3099 Points Posted on 23 July 2011

Thanks for sharing this news...

Ramalingam K

Founder & Director - Holistic Investment

19119 Points Posted on 07 May 2014

How an NRI can invest in Mutual Funds?

The non-resident Indians, the citizens of India or those possessing PIO cards (person of Indian origin) that stay out of India for work or business often seek guidance on investing in India

https://www.holisticinvestment.in/nri-mutual-fund

Regards

Ramalingam K, MBA, CFP,

Director and Chief Financial Planner,

Holistic Investment Planners

“Best Performing Financial Advisor Award” Winners from CNBC TV18

www.holisticinvestment.in

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