ABN AMRO MF to launch Indo-China equity Fund. ABN AMRO Asset Management (India) Ltd launched an equity fund on September 3, 07 that would primarily invest in domestic and Chinese markets. ABN AMRO Chindia Fund would invest 65-75% of the assets in Indian equities and 25-35% in Chinese equities. The fund can also invest up … Continue reading »
Tagged with EMERGING MARKETS. …
Tata Indo-Global Infrastructure Fund.
TATA MF launches TATA Indo-Global Infrastructure Fund. Tata Mutual Fund launched Tata Indo-Global Infrastructure Fund, a close ended equity scheme with a maturity of 3 years. Upon completion of 3 years, the scheme will automatically be converted into an open-ended scheme. The investment objective of the scheme is to generate long term capital appreciation by … Continue reading »
Bank Accounts for Non Resident Indians (NRI)
Different types of Bank Accounts for Non Resident Indians – Non-Resident(External) Rupee Accounts (NRE Accounts) NRIs, PIOs, OCBs are eligible. These are rupee denominated accounts. Accounts can be in the form of savings, current, recurring or fixed deposit accounts. Accounts can be opened by remittance of funds in free foreign exchange. Foreign exchange brought in … Continue reading »
NRI Investments.
Non-Resident Indian(NRI)? Indian citizens who stay abroad for employment or for carrying on any business or vocation or for any other purpose in circumstances indicating an indefinite period of stay outside India. Indian citizens working abroad on assignments with foreign Governments, Government agencies or international/multinational agencies like United Nations Organisation (UNO), International Monetary Fund (IMF), … Continue reading »
