January 1, 2009 – 6:25 am
Industry body Assocham said that market regulator SEBI should allow mutual funds to float Individual Retirement Account, which would encourage common people to invest in equities for long-term. The scheme, which is prevalent in the US and European countries, broadly aims at creating wealth over a period of time, which could then be available after […]
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Posted in Property News
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Also tagged Assocham, Benefit Schemes, Creating Wealth, Dividend, European Countries, FIIs, Household Sector, Households, Individual Retirement Account, Market Regulator, mutual funds, Substantial Amounts
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November 11, 2008 – 5:56 am
India’s most valuable real estate firm, DLF Ltd, and American life insurer Prudential Financial Inc (PFI) said they have an in-principle regulatory approval for a mutual fund venture formed in December. “We look forward to a successful launch once we receive the remaining regulatory approvals, which should take place sometime in 2009,” Rajeev Talwar, group […]
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Posted in Property News
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Also tagged Asset Managers, Benchmark Index, Christopher Cooper, Deutsche bank, Fixed Income Fund, Group Executive Director, International Investments, Launch, Life Insurer, Mantri, Nod, Pfi, Prudential, Prudential Financial, Prudential Financial Inc, Pvt Ltd, Regulatory Approval, Regulatory Approvals, Slump
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The slowdown in the real estate sector has started impacting the securitization of loans to the industry. The demand for such securities has dried up as debt mutual funds turn wary and cut exposure to these securities, considered the most illiquid of tradable papers. The market for loan securitization was Rs 31,000 crore, of which […]
The Sebi’s recent decision to allow mutual fund firms to play in realty space has opened up a fresh avenue for individual investors. One month ago, Sebi had approved the inclusion of real estate and issued a set of guidelines. Prior to that, only high networth individuals were allowed to invest in realty directly.
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Posted in Property News
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Also tagged Angel Broking, Individual Investors, Industry Analysts, Ipo Market, Jai, Kpmg Report, Liquidity, Mfs, Minimum Investment, Mutual Fund Firms, Real Estate Sector, Sebi., Strong Winds
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Indiabulls Real Estate Ltd plans to invest 10 billion rupees to expand its retail business in the next 2-½ years. Mr. Gagan Banga, Group spokeman said that the real estate firm, which also houses the group’s retail and power businesses, expects lease rentals of 10 billion rupees from two of its properties under development in […]
The Indian real estate sector, currently facing strong headwind due to the credit turmoil as well as high inflation, is set to get a breather from the market regulator SEBI’s move to allow Real Estate Mutual Funds, says global consultancy giant KPMG. Mr. Jai Mayani, KPMG’s Executive Director and real estate head in India, said, […]
SEBI has allowed mutual funds to launch real estate mutual fund (REMF) schemes, a move that will encourage investors to participate in and benefit from the real estate boom. Existing MFs can launch the REMF schemes, provided “…they have adequate number of experienced key personnel/directors,” Securities and Exchange Board of India (SEBI) said in a […]
March 14, 2008 – 12:33 am
The SBI Mutual Fund filed the offer document with the Securities and Exchange Board of India (Sebi) for launching a dedicated scheme for the real estate and related sector, on 13th march . The purpose of Magnum Sector Funds Umbrella (MSFU) Real Estate Equity Fund is to offer investors opportunities for long-term growth in capital […]
