 "Managing offshore funds from India needs tax reforms")
With assets under management (AUM) at the cusp of Rs 20 lakh crore for the mutual fund asset management companies (AMCs) and Rs 1.8 lakh crore for portfolio managers, “acche din” may seem to have arrived for fund managers but, as they say, “yeh dil maange more”.
Foreign portfolio investors (FPIs) have till date invested Rs 12.7 lakh crore in Indian capital markets with more than 8,500 FPIs registered with the Securities and Exchange Board of India (Sebi). These FPIs, especially India focused, are managed from abroad. This begs the question: Why can’t they be managed from within India?
Foreign portfolio investors (FPIs) have till date invested Rs 12.7 lakh crore in Indian capital markets with more than 8,500 FPIs registered with the Securities and Exchange Board of India (Sebi). These FPIs, especially India focused, are managed from abroad. This begs the question: Why can’t they be managed from within India?
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