IIPM: The world is going places... what about you?

“If you don’t climb the mountain, that is all you’ll be able to see...” – an old jungle saying! Alright, we flicked it right from the Phantom books down the hallway; but the fact is that this is quite a fantastic simile for the current state of investment options available for Indians, historically consigned to investing in mountains after mountains The world is going places... what about you?

of extremely boring domestic currency investment options. Fortunately, Indian financial institutions are ensuring that this situation does not continue for long. In short, now you can go global with every penny that you might have.

A number of fund houses are gearing up to woo Indian investors in the best possible manner. Reliance, Tata, UTI, Kotak – all these mutual fund houses are on the cutting edge to present either a global fund investment option or a global advisory package for their customers. Kotak AMC has already filed the offer document with SEBI for the launch of the Global Emerging Markets Equity Fund, having tied up with the US-based firm, T Rowe Price. “This product that we would launch, would allow domestic investors to invest in global emerging markets; (and) India is a part of emerging markets,” is the assurance provided by Sandesh Kirkire, CEO, Kotak AMC. So what is the issue that he believes, could prevent Indians from investing abroad? “Today, SEBI allows you to invest either in fixed income or in equity. In fixed income, that is the debt markets, Indian interest rates are much higher than other markets.”

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative