Shriram AMC has got permission from SEBI to undertake off shore fund management, says a press release issued by the company.
According to a poll conducted by Bank of America Merrill Lynch (BofA-ML) recently, in which 50 investors participated, India was the most favorite equity market for the global investors for the year 2015 at 43 per cent, followed by China at 26 per cent.
D Ramanathan, Head – Sales & Marketing says ‘India’s relatively higher growth and diversity of themes presents an attractive opportunity for investors over the medium to long term’. The sentiments have become investor friendly due to government’s announcement of a series of reform measures in recent months such as acceptance of AP Shah committee to not to impose retrospective MAT on overseas investors for the years prior to April 01,2015 & repatriation of non-convertible/redeemable preference shares or debentures issued by the listed Indian companies on stock exchanges.
