NRI Real Estate and Property Investment in India
 |  WWW.NRIREALTYNEWS.COM
 
Australian Bank Eager to Make investment in India
Thursday, March 08, 2007
Needless to say, India's economy is making rapid strides with each passing day. Stirred by the same, the Commonwealth Bank of Australia has launched a new investment fund for prospective investors of Australia to encourage them to park in Indian market.

The move will enable Australian investors to buy a minimum allocation of USD 10,000 in the series that only entertain investments in India. A majority of funds offer investors an opportunity to invest in a group of emerging economies such as Brazil, Russia, India, and China. However, capital series 12 investment fund was the first to focus exclusively on making investments in India.

Indian economy witnesses a vigorous growth. The market was estimated to have grown by 7.3% a year over past five years to December 2006, which makes it the second fastest growing economy in the world, say the Australian banks.

The boom is going to sustain in Indian market and it will continue to maintain its growth, says Commsec chief equities economist Craig James.

The company is drawing up plans to raise a whooping amount of USD 200 million, with a minimum subscription of USD 75 million. The Commonwealth Bank investment vehicle is open for subscription until April 18, 2007.

Add to your Social Bookmarks:
ADD TO DEL.ICIO.US ADD TO DIGG ADD TO FURL ADD TO NEWSVINE ADD TO NETSCAPE ADD TO REDDIT ADD TO STUMBLEUPON
ADD TO TECHNORATI FAVORITES ADD TO SQUIDOO ADD TO WINDOWS LIVE ADD TO YAHOO MYWEB ADD TO ASK ADD TO GOOGLE  

 

 

Return to India

NRI INSURANCE

NRI SERVICES

 

Indian Cities Guide

DELHI   NOIDA   GHAZIABAD
         
GURGAON   MUMBAI   AHMEDABAD
         
KOLKATA   CHENNAI   HYDERABAD
         
BANGALORE   PUNE   CHANDIGARH
         
..More cities »
NRI Communities in Different Countries  
Indian Embassies & Consulates in Different Countries
 
NRI Newsletters  
NRI Feeds - Syndications