The multi-year highs recorded by the Nifty and Sensex indices have fuelled optimism that retail investors will finally help to dispel gloom and reignite the nation's mutual fund industry.
Tag : qfi
Custodians will have more power in securing first-time foreign investment under the proposed Foreign Portfolio Investment regime in India, but are seeking a more defined role.
The firm points to strong investor appetite, largely from the US, to buy Indian equities through over-the-counter American depositary receipts.
South African Sanlam's $111 million share purchase in an Indian firm has drawn attention to the appeal of the country's QFI scheme, offering foreign investors quicker time to market.