Deutsche Asset Management (India) on Tuesday launched open-ended overseas fund of fund scheme - DWS Global Thematic Offshore Fund.
'India has started appearing on the radar of foreign retail investors.'
When Deutsche Asset Management Company (AMC) listed its debt scheme - DWS Fixed Term Fund-Series 43 (growth option) - on the Bombay Stock Exchange (BSE) on April 4 this year, little did they know that within 24 days the scheme's net asset value (NAV) would double to Rs 20.
total of four diversified equity funds that would invest your money abroad were launched in the past month.
India country funds saw an outflow of $700 million
India funds have seen almost $1 billion of outflows in the last three weeks, says Brad Durham, MD, EPFR.
The top four Indian IT firms have cash reserves of nearly $15 billion with TCS alone holding $5.9 billion in reserves, followed by Infosys with $3.6 billion, and Wipro with $3.4 billion. HCL Technologies has cash reserves of $1.75 billion.
The category average return of mid-and-small-cap funds is 95 per cent.
In India, 173 people defecate in the open for every square km.
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