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The Qualified Financial Investor route was opened up last year to facilitate foreign investment in Indian mutual funds schemes. Since then, the QFI has been widened, tweaked and guideline and today foreign non-institutional investors or QFIs can, for the first time, invest in Indian mutual funds, equity and listed debt. Thats sounds nice; doesnt it? A whole new class of investors to help companies raise funds, deepen our equity and debt markets, give mutual fund performance- a much-needed! But is it as simple as it sounds? Today we examine the QFI concept and process design for ease of use and attractiveness - to do that I have with me Anand Rengarajan, Director & Head of Direct Securities Services India at Deutsche Bank. Anand accompanied the government on QFI roadshows in the Middle East last week- so hopefully he has all the answers to our many questions. Also with me Bobby Parikh, Managing Partner at BMR and he manages its financial services industry practice. In Delhi - |
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