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FII investment in MFs a positive‎ move: IDBI

PUBLISHED ON: February 28, 2011 | Duration: 11 min, 13 sec

  
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Krishnamurthy Vijayan, MD and CEO, IDBI Asset Management Ltd, says the Finance Minister’s move to allow FIIs to invest in mutual fund schemes, is a positive development for institutional investors of small and medium size. The move would enable the sector to have a direct access to foreign investors and widen the class of foreign investors in the Indian equity market, he said.
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