NRI Real Estate and Property Investment in India
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Doha Bank offers MFs to NRIs
Friday, September 07, 2007

Doha Bank is planning to launch mutual funds in India in an arrangement with Investnet. The bank has acquired a 49% stake in Investnet and the company is undergoing a re-branding exercise, with the Doha Bank CEO taking over the reins as Chairman.

The Securities and Exchange Board of India (SEBI) accorded approval to the Doha Bank the status of a Foreign Institutional Investor (FII).

Investnet’s target audience would be the NRIs who are seeking investment opportunities in India. The Bank offers portfolio management schemes customised for NRIs, and has an alliance with 18 mutual fund companies in India. NRI investors are exploring new avenues of investment in India.

From a concentration of funds in fixed deposits, NRIs are now investing in real estate and the stock market that give good returns.

Related Readings

»Sundaram BNP Widens Investment Horizon for NRIs in Doha
»Investment Opportunities Unfold for NRIs in Doha
»NRI Banking Services Now Also in Doha

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