Foreign institutional investors, who have about $50 billion exposure in the country's equities, may be concerned over excess valuation of stock prices in general.
The Association of Mutual Funds in India and CDSL Ventures are working on a finance ministry proposal to make use of the permanent account number
Mutual Fund Identity Number throws up more questions than answers.
Barely two weeks after the Reserve Bank of India permitted 49 per cent foreign stake in stock exchanges
The mutual fund industry saw an average growth of 63 per cent in assets under management in 2006
The proposed initial public offering of Gammon Infrastructure Projects is unlikely to face any regulatory hurdle following the recent Securities and Exchange Board of India's order.
The mutual fund industry in India is seeing unprecedented attrition among key personnel.
The Sensex, which saw a sharp fall of nearly 800 points on the first two days of the week, rebounded with a 180-point gain on Wednesday, while the index continued its northward run the next day too, surging by 300 points.
The sharp fall in shares revived memories of the bear phase during May-June but experts said there was no reason to panic and the fall had provided buying opportunities to investors. The Sensex could see another 200-point drop, they said.