MUMBAI: Kuwait Investment Authority (KIA), the Gulf state's sovereign wealth fund, has selected five domestic mutual fund houses to manage its India equity portfolio.
Birla Sun Life Mutual Fund, DSP Blackrock, ICICI Prudential, Canara Robeco Mutual Fund and Franklin Templeton will manage over $1 billion of KIA's money in India.
The fund houses have been allocated funds in the range of $200-300 million, according to people familiar with the matter. Almost 90% of the corpus will be invested in equities.
India-Forums.TV
Indian Masala Forum for Indian TV, Bollywood Movies, TV Dramas
Five local fund houses to manage Kuwait's $1-billion India p
|
|
Five local fund houses to manage Kuwait's $1-billion India p
by nahia on Mon Jan 23, 2012 7:46 am
Merey jaisi aankhon walay jab Sahil per aatay hain
lehrain shor machati hain, lo aaj samandar doob gaya
- nahia
- Posts: 5012
- Joined: Thu Jul 09, 2009 10:10 am
1 post • Page 1 of 1
Who is online
Users browsing this forum: No registered users and 0 guests
