Tuesday, August 9, 2011

investing news for foreign investors in indian mutual funds

It seems that RBI is going to allow foreign individuals to invest directly upto 10 ? billion dollars in debt and equity schemes of mutual funds in india. They will have to satisfy the KYC (know your client) norms set by SEBI subject to other rules set by rbi and sebi from time to time.

The DP and domestic MF companies will take up the KYC of the foreign clients.

The question is if this will increase inflow of capital into indian mutual funds?
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