Stock jitters fail to deter new fund firms

Reuters
Posted: 2008-03-24 13:25:29+05:30 IST
Updated: Mar 24, 2008 at 1348 hrs IST

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Share, asset prices may further fall: WEF Rate cut hopes spark investor fancy for gilt funds MFs see outflow of Rs 47,000 cr in Oct Right time now to invest in gold, say experts

the industry was too bright to consider small blips in stocks.

India's $140 billion fund industry saw assets rising by a robust 60 percent in 2007, attracting many global asset managers.

At least 14 funds, including those from Japan's Shinsei Bank, UBS AG and Indian brokerages Edelweiss Capital Ltd and Indiabulls Financial Services Ltd, are in the queue to join the industry....

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Stock jitters fail to deter new fund firms

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