• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Mumbai, June 14

Mirae Asset Mutual Fund has filed an offer document with SEBI for an equity oriented fund that will invest in equities of leading companies having their primary activity in Brazil, Russia or China. The proposed fund will invest 65-100 per cent in equities of companies operating in Brazil, Russia or China and listed on any recognised stock exchange, says the offer document. The fund will have the option of investing up to 35 per cent in Indian equities and equity related se curities or money market instruments, debt securities instruments. The fund will be benchmarked against the MSCI -BRC (Brazil, Russia & China) Index. RBI in April 2008 raised the overall overseas investment limit for the mutual funds from $5 billion to $7 billion. —

Our Bureau

More Stories on : New Fund Offer | Overseas Investments | Mutual Funds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Mirae plans overseas equity fund

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line