ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Capital Market International Unit Fund

THF enterprising merchant banking firm of Champaklal Investment and Financial Con-sultancy (CIFCO) which has done considerable pioneering work in attracting investments from overseas Indians, has now entered the interna-tional unit fund arena to tap the vast resources of Indian expatriates. Despite the various facilities/inducements offered by the govern-ment, NRI funds that have come into the coun-try by way of bank deposits and subscriptions to public issues as also under the portfolio in-vestment scheme are said to represent only a very small percentage of the massive savings of overseas Indians. This is because many overseas Indians are averse to,going through the for-malities involved in investing directly in India and prefer to retain their investments in freely convertible currencies. The CIFCO Hill Samuel Unit Fund has been promoted primarily to ex-ploit the potential of such savings.

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