Well way back in the year 2001, we were a group of people who attended a mutual fund training program. Here we were taught some very important things. One of them was
“Who can invest in a mutual fund” ….Uma Shashikant gave us this answer:
Now let us see who all can invest in Mutual Funds India
1. Resident Indian Individual/ HUF
2. Indian Companies/Partnership Firms
3. Indian Trusts/Charitable Institutions
4. Banks/Financial Institutions
5. Non-Banking Finance Companies
6. Insurance Companies
7. Provident Funds
8. Mutual Funds
Non Residents including
9. Non-Resident Indians, and Persons of Indian Origin
10. Overseas Corporate Bodies (OCBs) and
Foreign entities, viz
11. Foreign Institutional Investors (FIIs) registered with SEBI.
Foreign Citizens/entities are not allowed to invest in Mutual Funds in India.
Now the whole media is excited because Pranab has allowed FIIs registered with SEBI to invest in mutual funds…I did not understand the fuss….
will some of my friends explain please??
Post Footer automatically generated by Add Post Footer Plugin for wordpress.