#Foreign Portfolio Investors in India

[samarthcapital]

What are the Advantages if you invest in FDI (foreign direct investment)?

A Tale of Two Entrepreneurs

Consider the story of Raj and Sarah, two ambitious business owners. Raj, a seasoned Indian entrepreneur, has been successfully running a textile manufacturing company for years.

Sarah, a visionary from the United States, has been eyeing India's vast market potential for her innovative textile technology.

Raj and Sarah's paths cross when Sarah decides to invest in Raj's company through FDI.

This strategic partnership not only brings Sarah's cutting-edge technology to India but also provides Raj with the capital and expertise to expand his operations.

Together, they create a synergy that propels their businesses to new heights.

The Benefits of foreign investment in India

Access to Global Markets and Technologies: FDI brings advanced technologies, innovative business practices, and global expertise to Indian companies, enabling them to compete on a global scale.

Job Creation: It contributes to India's employment growth by creating new job opportunities and upskilling the local workforce.

Increased Foreign Exchange Reserves: FDI inflows contribute to India's foreign exchange reserves, strengthening the country's economic stability.

Technology Transfer: It facilitates the transfer of advanced technologies, helping India to bridge the gap between its domestic and global technological capabilities.

Infrastructure Development: including transportation, communication, and energy sectors.

Knowledge Transfer: It fosters knowledge transfer between Indian and foreign companies, enhancing the skills and capabilities of the local workforce.

Increased Competition: Foreign investments promote healthy competition in the Indian market, driving innovation and efficiency among domestic companies.

Improved Corporate Governance: FDI encourages Indian companies to adopt international best practices in corporate governance, enhancing their overall performance and credibility.

Selling FDI Shares in India

Investors looking to sell their FDI shares in India can do so through a well-established process. Samarth Capital, a leading financial services provider in Mumbai, offers comprehensive FDI services, including share sale and purchase assistance.

Conclusion

There is a great opportunity for both Indian and foreign companies to leverage their strengths and create a mutually beneficial partnership if they invest in FDI. By embracing FDI, India can unlock its full potential, fostering economic growth, job creation, and technological advancement. As you navigate the world of FDI, remember that Samarth Capital is here to guide you through the process, ensuring a smooth and successful investment experience.

[epic2source]

Investment Strategies

let’s delve into some detailed investment strategies with examples applicable to the Indian stock market: 1. Long-Term Investing: Strategy: Invest in fundamentally strong companies with a long-term horizon, aiming to benefit from compounding. Example: Invest in a well-established company like HDFC Bank (HDFCBANK) known for its stable growth, strong financials, and consistent dividend…

[newbussinessideas]

FPIs investment hit 9-month high at Rs 43,838 crore in May on strong domestic macro-outlook, reasonable valuation - Times of India

NEW DELHI: Foreign Portfolio Investors (FPIs) pumped in Rs 43,838 crore in Indian equities in May, the highest level in nine months, supported by strong macroeconomic fundamentals, and reasonable valuations.FPIs continued the buying stance in June too, and invested Rs 6,490 crore in just two trading sessions of the month, data with the repositories showed.VK Vijayakumar, Chief Investment…

[questlation]

Investors Find the 'Other' Billion-Person Nation; It's India, and Portfolio Managers Say It Might Outshine China; Foreign Investing Is Opening Up

Investors Find the ‘Other’ Billion-Person Nation; It’s India, and Portfolio Managers Say It Might Outshine China; Foreign Investing Is Opening Up

At a time when China commands more attention from investors than any other emerging market, many U.S. fund managers are starting to take a closer look at the other billion-person nation: India. India has received only a fraction of the money that corporations have invested in China, but portfolio managers say India is in a number of ways the more attractive stock-market investment. The South…

[sanskriti-2751]

What is Mutual Fund?

A mutual fund is a type of investment vehicle that pools money from multiple investors to invest in a diversified portfolio of securities such as stocks, bonds, and other assets. Investments in securities are spread across a wide cross-section of industries and sectors and thus the risk is reduced.

It is managed by a professional fund manager or an asset management company (AMC) who makes investment decisions on behalf of the investors.

Mutual funds offer good investment opportunities to the investors. Like all investments, they also carry certain risks

SEBI formulates policies and regulates the mutual funds to protect the interest of the investors.

OVERVIEW OF MUTUAL FUNDS INDUSTRY IN INDIA

The mutual fund industry in India was set up through a combination of regulatory changes, legislative reforms and the entry of various market players.

Unit Trust of India- UTI was founded in 1964, which is when the mutual fund sector in India first started to take off. To mobilize public funds and invest them in the capital markets, UTI was established as a statutory body under the UTI Act, 1963. The idea of mutual funds was greatly popularized in India because to UTI.

Regulatory Framework-In India, the mutual fund industry's regulatory structure began to take shape in the 1990s. The Securities and Exchange Board of India (SEBI) Act, which established SEBI as the governing body for the Indian securities markets, was passed in 1993. Among other market intermediaries, SEBI was responsible with regulating and supervising mutual funds.

The SEBI (Mutual Funds) Regulations,1996- This regulation established the legal foundation for the establishment, administration, and operation of mutual funds in India. These regulations outlined the standards for investor protection, investment restrictions, disclosure requirements, and eligibility requirements for asset management companies (AMCs).

Introduction of Private Sector Mutual Funds: UTI was the only active mutual fund provider in India prior to 1993. Private sector mutual funds were nevertheless permitted to enter the market as a result of the liberalization of the financial sector and the opening up of the Indian economy. Many domestic and foreign financial organizations launched their own AMCs and entered the mutual fund industry.

Product Line Evolution: The mutual fund sector in India has grown and increased its product selection throughout the years. Mutual funds initially mainly offered income and growth opportunities. To address various investor needs and risk profiles, the industry did, however, offer a wider range of products, such as equity funds, debt funds, balanced funds, and specialist sector funds.

Investor Education and Awareness: Serious efforts have been made to educate and raise investor awareness in order to encourage investor involvement in mutual funds. Industry groups, AMCs, and SEBI have run investor awareness campaigns, distributed instructional materials, and supported systems for resolving investor complaints. Systematic Investment Plans (SIPs) were introduced, and this was a significant factor in luring individual investors

Technological Advancements-The mutual fund sector in India has embraced technological development, making it possible for investors to access and invest in mutual funds through online platforms and mobile applications. Investors can now transact, track their investments, and get mutual fund information more easily thanks to digital platforms.

The mutual fund industry in India has developed into a strong and regulated sector through regulatory changes, market competition, and investor-centric initiatives. The sector keeps expanding, drawing in more investors and providing them with a wide variety of investment possibilities around the nation.

[foxnangelseo]

Navigating the Indian Investment Landscape: A Comprehensive Guide for International Investors

India, with its vibrant economy, diverse market opportunities, and favorable regulatory environment, has emerged as an attractive destination for international investors seeking high returns and long-term growth prospects. From burgeoning sectors like technology and e-commerce to traditional industries such as manufacturing and agriculture, India offers a wealth of investment opportunities for savvy investors. In this comprehensive guide, we'll explore the Indian investment landscape, highlighting key sectors, regulatory considerations, investment strategies, and tips for international investors looking to capitalize on India's growth story.

Understanding the Indian Investment Landscape:

1. Economic Overview: India is the world's sixth-largest economy by nominal GDP and one of the fastest-growing major economies globally. With a young and dynamic population, a burgeoning middle class, and increasing urbanization, India offers a vast consumer market and a favorable demographic dividend for investors.

2. Key Investment Sector: India's economy is diverse and offers investment opportunities across various sectors. Some of the key sectors attracting international investors include:

- Information Technology (IT) and Software Services

- E-commerce and Digital Payments

- Healthcare and Pharmaceuticals

- Renewable Energy and Clean Technology

- Infrastructure and Real Estate

- Manufacturing and Automotive

- Agriculture and Agribusiness

3. Regulatory Environment: India has implemented several reforms to streamline its regulatory environment and improve the ease of doing business for investors. The government has introduced initiatives such as Make in India, Startup India, and Digital India to encourage investment, innovation, and entrepreneurship. Additionally, foreign direct investment (FDI) policies have been liberalized across various sectors, allowing greater foreign participation in the Indian economy.

4. Taxation and Legal Considerations: International investors should familiarize themselves with India's tax laws, regulations, and legal frameworks before making investment decisions. India has a progressive tax regime with corporate tax rates varying based on business structure, industry, and income levels. It's advisable to consult with tax advisors and legal experts to navigate the complexities of India's taxation and legal landscape.

Investment Strategies for International Investors:

1. Market Research and Due Diligence: Conduct thorough market research and due diligence to identify investment opportunities aligned with your investment objectives, risk tolerance, and sector preferences. Evaluate market trends, competitive dynamics, regulatory changes, and macroeconomic indicators to make informed investment decisions.

2. Diversification: Diversify your investment portfolio across different asset classes, sectors, and geographic regions to mitigate risks and maximize returns. Consider allocating capital to both high-growth sectors such as technology and healthcare, as well as stable sectors like infrastructure and consumer goods.

3. Long-Term Perspective: Adopt a long-term investment perspective when investing in India. While short-term market volatility and regulatory changes may occur, India's economic fundamentals remain strong, offering attractive growth prospects over the medium to long term. Patient investors can capitalize on India's demographic dividend and structural reforms to generate significant returns.

4. Partnering with Local Experts: Partnering with local investment advisors, financial institutions, and legal experts can provide valuable insights and guidance on navigating the Indian investment landscape. Local expertise can help international investors navigate regulatory hurdles, identify investment opportunities, and mitigate operational risks effectively.

5. Investment Vehicles: Evaluate different investment vehicles available for investing in India, including direct investments, private equity funds, venture capital funds, and mutual funds. Each investment vehicle offers unique benefits and risks, so it's essential to assess their suitability based on your investment goals and risk appetite.

Tips for International Investors:

1. Stay Informed: Stay updated on market developments, regulatory changes, and economic trends affecting the Indian investment landscape. Follow reputable financial news sources, attend industry conferences, and engage with local experts to stay informed and make timely investment decisions.

2. Network and Build Relationships: Networking with industry professionals, government officials, and fellow investors can provide valuable insights and access to investment opportunities in India. Join industry associations, attend networking events, and leverage social media platforms to expand your network and build relationships in the Indian business community.

3. Be Patient and Persistent: Investing in India requires patience, persistence, and a long-term commitment. Building relationships, navigating regulatory hurdles, and achieving investment success take time and effort. Stay focused on your investment goals, adapt to changing market conditions, and remain resilient in the face of challenges.

4. Seek Professional Advice: Consult with financial advisors, tax consultants, and legal experts specializing in India to seek professional advice tailored to your specific investment needs. Expert guidance can help you navigate regulatory complexities, optimize tax efficiency, and maximize returns on your investments in India.

5. Cultural Sensitivity: Recognize and respect cultural differences when conducting business in India. Building strong relationships and trust with local partners and stakeholders requires understanding and appreciating Indian customs, traditions, and business etiquette.

6. Risk Management: Assess and manage risks effectively by diversifying your investment portfolio, conducting thorough due diligence, and implementing risk mitigation strategies. Consider geopolitical risks, currency fluctuations, regulatory changes, and market volatility when making investment decisions.

7. Sustainability and ESG Factors: Consider environmental, social, and governance (ESG) factors when evaluating investment opportunities in India. Increasingly, investors are prioritizing sustainability and responsible investing practices to mitigate risks, enhance long-term value, and align investments with their values and principles.

8. Stay Flexible and Agile: Remain flexible and agile in adapting to changing market conditions, regulatory requirements, and investor preferences. India's business environment is dynamic and evolving, requiring investors to stay nimble and responsive to emerging opportunities and challenges.

India offers a wealth of investment opportunities for international investors seeking high growth potential and diversification benefits. With its robust economy, favorable demographic trends, and supportive regulatory environment, India continues to attract capital inflows across various sectors. By understanding the Indian investment landscape, adopting sound investment strategies, and leveraging local expertise, international investors can capitalize on India's growth story and unlock significant value for their investment portfolios. As India continues on its path of economic development and reform, it remains a compelling destination for investors looking to participate in one of the world's most dynamic and promising markets.

In conclusion, navigating the “Invest in India” landscape requires careful planning, strategic decision-making, and a long-term perspective. By understanding the key sectors, regulatory considerations, investment strategies, and tips outlined in this guide, international investors can position themselves to capitalize on the vast opportunities offered by India's vibrant economy and emerging market dynamics. With the right approach and guidance, investing in India can yield attractive returns and contribute to portfolio diversification and long-term wealth creation for investors around the globe.

This post was originally published on: Foxnangel

[dubailuxuryresidence]

Residential Properties in India: A Global Perspective

India's real estate market continues to thrive, but for those considering expanding their portfolio beyond national borders, Dubai stands out as a lucrative option. With its blend of luxury, stability, and growing market demand, Buying Property in Dubai offers numerous advantages for investors looking for long-term gains. As India's economic growth fuels a rising interest in global investments, Dubai becomes a top choice for those seeking not just a home, but a wise financial decision.

Why Consider Dubai for Property Investment?

When it comes to Dubai Property Investment, it's essential to recognize the city's evolving infrastructure and global appeal. As a hub for both business and leisure, Dubai offers a range of residential properties that cater to high-net-worth individuals as well as middle-income earners. One of the most sought-after areas for real estate investment is through reputable developers like Emaar Dubai, known for their premium developments.

Comparison with Indian Residential Properties

While India offers a variety of attractive residential properties, Dubai adds a touch of opulence that's hard to match. Whether you are looking to invest in India or expand into the Middle Eastern market, Buying Property in Dubai could provide higher returns on investment, owing to the tax-free benefits, robust economy, and world-class infrastructure. Additionally, Dubai's real estate laws favor foreign investors, making it easier to acquire premium properties.

How to Make the Best Investment in Dubai

For first-time buyers and experienced investors alike, working with renowned developers like Emaar Dubai ensures that you're getting high-quality properties in prime locations. At Dubai Luxury Residence , we help streamline the process, ensuring you make informed decisions whether you're investing in Dubai Property Investment or looking for a luxury home.

Conclusion

Both India and Dubai offer excellent opportunities for real estate investment. However, for those seeking long-term gains and an elevated lifestyle, Buying Property in Dubai could be the more rewarding option. Visit Dubai Luxury Residence at Dubai Luxury Residence to explore premier properties and get professional guidance on Dubai Property Investment opportunities.

[thegainers]

How to Choose the Best Portfolio Management Firm in India

Investing your hard-earned money is a critical decision, one that requires expert guidance and strategic planning. That’s where portfolio management firms come into play. Whether you're an experienced investor or just starting out, selecting the right portfolio management services in India can make a significant difference in growing and securing your wealth. But how do you pick the best company when there are so many to choose from? In this blog, we’ll explore the key factors to consider when selecting a portfolio management firm and what sets the top portfolio management services apart.

What Are Portfolio Management Firms?

A portfolio management firm is a company that provides tailored investment solutions, focusing on managing your portfolio of assets like stocks, bonds, real estate, or other securities. These firms help you diversify your investments while aligning them with your financial goals, risk tolerance, and time horizon.

Portfolio management isn’t just about picking stocks or bonds; it involves balancing your portfolio in a way that maximizes returns while minimizing risks over the long term. The expertise of portfolio managers is invaluable, especially when market conditions fluctuate.

Why Should You Consider Portfolio Management Services in India?

India is one of the fastest-growing economies in the world, making it an attractive hub for investment opportunities. With the financial landscape evolving rapidly, professional portfolio management services in India can help navigate complex markets and identify lucrative opportunities.

Here’s why Indian investors should consider portfolio management services:

- Expert Advice: Professionals provide strategic insights that are difficult for the average investor to gain on their own.

- Tailored Solutions: Whether you are risk-averse or aggressive, portfolio management firms tailor investment strategies to meet your specific needs.

- Access to Diverse Assets: These services open up investment avenues that are often inaccessible to individual investors, such as exclusive mutual funds, private equities, and foreign assets.

What Sets the Top Portfolio Management Services Apart?

Not all portfolio management services are created equal. The top firms stand out for several reasons:

- Customized Investment Strategies: The best firms take the time to understand your financial goals and craft strategies tailored to your personal and financial profile.

- Risk Management: Top firms not only focus on growing your wealth but also on protecting it. They offer balanced portfolios that hedge against market volatility.

- Performance Transparency: Leading portfolio management services offer complete transparency when it comes to fees, returns, and risks. They provide regular reports so you can track your investment performance.

- Experienced and Credentialed Managers: The top portfolio management firms have experienced managers with strong industry credentials. Look for managers who are SEBI-registered Portfolio Managers in India, ensuring that they adhere to regulatory guidelines.

Factors to Consider When Choosing Portfolio Management Services in India

Selecting the appropriate company is essential for sustained success. Here are the key factors to keep in mind:

- Reputation and Experience: Before you commit, research the firm's reputation. The top portfolio management services often have a long history of satisfied clients and positive reviews.

- Fee Structure: Always understand how a firm charges for its services. Some firms operate on a performance-based fee model, while others charge a flat annual fee. Make sure you know what you’re paying for.

- Investment Philosophy: Every firm has a different approach to investing. Some are conservative, while others may be more aggressive. Make sure their philosophy aligns with your goals.

- Client Services and Support: The best firms offer excellent client support, providing regular updates and being available for consultations whenever you need advice.

Benefits of Hiring a Portfolio Management Firm

Still wondering if hiring a portfolio management firm is the right decision? Here are the benefits you’ll enjoy:

- Time-Saving: With professionals handling your investments, you can focus on other aspects of your life or business while your portfolio grows.

- Diversification: Portfolio managers ensure that your investments are spread across multiple asset classes, minimizing risks.

- Expertise at Your Fingertips: You get access to the latest market insights and research that would be difficult to compile on your own.

- Goal-Oriented Planning: A portfolio management firm helps you stay on track with your financial goals, whether it’s building wealth, saving for retirement, or funding your child's education.

Conclusion

Selecting the right portfolio management firm can be a game-changer for your financial future. Whether you're looking to diversify your investments, manage risk, or simply grow your wealth, the top portfolio management services in India provide the expertise and resources necessary to help you achieve your financial goals. Remember, a personalized approach, transparency, and a well-established reputation should be your top criteria when making your decision.

[educationforrealestate]

NRI Investment in Indian Real Estate

India's real estate sector has emerged as a lucrative opportunity for Non-Resident Indians (NRIs) seeking to invest in their homeland. The increasing demand for residential and commercial properties, combined with government initiatives, has made NRI investment in Indian real estate more attractive than ever. This blog delves into the key factors driving this trend, the benefits of such investments, and how NRIs can capitalize on this booming market.

Why is NRI Investment in Indian Real Estate Growing?

Favorable Exchange Rates: One of the primary reasons for the surge in NRI investment in Indian real estate is the exchange rate advantage. The strength of foreign currencies like the US dollar, Euro, and Pound gives NRIs significant purchasing power in the Indian market.

Government Reforms and Regulations: Over the years, the Indian government has introduced several reforms to facilitate and regulate real estate investments for NRIs. The Real Estate (Regulation and Development) Act (RERA), for instance, has increased transparency and reduced risks, making the process smoother and more reliable.

High Returns on Investment: NRI investors are drawn to India’s real estate market because of its potential for high returns. Properties in metropolitan cities such as Mumbai, Bangalore, and Delhi have consistently appreciated over time, making them ideal for long-term investments.

Emotional Connection: Many NRIs feel a deep-rooted connection to their homeland and prefer investing in real estate as a way to maintain ties with India. Owning property in their native cities offers both a sense of security and a future home if they choose to return.

Diversification of Investment Portfolio: Real estate is a tangible asset, and for NRIs, it offers an excellent way to diversify their investment portfolios. Indian real estate, particularly in growing urban centers, presents an opportunity for stable and long-term growth, making it an attractive option for NRIs.

Types of Properties NRIs Can Invest In

NRI investment in Indian real estate isn't restricted to residential properties alone. NRIs have the option to invest in:

Residential Properties: Apartments, villas, and plots in cities experiencing high demand for housing.

Commercial Properties: Office spaces, retail stores, and business centers that offer high rental yields.

Industrial Real Estate: Warehouses and factories are becoming popular among NRIs seeking to tap into India’s booming e-commerce sector.

Steps for NRIs to Invest in Indian Real Estate

Understand the Regulations: NRIs are allowed to invest in both residential and commercial properties in India. However, agricultural land, farmhouses, and plantation properties are restricted.

Choose the Right Location: It’s essential to research and identify cities and neighborhoods with high growth potential. Metropolitan cities and emerging urban areas often provide the best investment returns.

Hire a Legal Consultant: Investing in Indian real estate involves a lot of paperwork and legal formalities. It’s recommended to hire a legal consultant to ensure that all documentation is in place and to avoid potential issues.

Check Property Titles and Permissions: NRIs must verify the authenticity of the property’s title and ensure that all necessary permissions from local authorities are in place before making a purchase.

Secure Financing: NRIs can avail of home loans from Indian banks, but it’s crucial to compare interest rates and loan terms before proceeding.

Benefits of NRI Investment in Indian Real Estate

Rental Income: NRIs can earn a substantial income by renting out their properties. Rental yields in cities like Mumbai and Bangalore are particularly high.

Appreciation Value: With India’s rapid urbanization and economic growth, property values are expected to appreciate, offering significant long-term gains.

Tax Benefits: India offers tax deductions on home loans and property ownership, making it a tax-efficient investment for NRIs.

Safe Investment: Real estate in India is considered one of the safest investment options, offering steady growth and reliable returns over time.

Challenges in NRI Investment in Indian Real Estate

While the opportunities are immense, NRIs face certain challenges:

Managing Property from Abroad: Managing and maintaining properties while living abroad can be difficult. NRIs often have to rely on property management companies or family members for assistance.

Regulatory Complexities: Despite government reforms, navigating through India’s legal framework can be challenging for NRIs. It's crucial to stay updated on property laws and taxation policies.

Conclusion

NRI investment in Indian real estate offers immense potential for growth, high returns, and emotional satisfaction. With favorable government reforms, a booming market, and diverse property options, the Indian real estate sector remains a promising choice for NRIs looking to invest. By understanding the regulations, choosing the right locations, and seeking professional advice, NRIs can maximize the benefits of their investment while mitigating risks.

FAQs

1. Can NRIs invest in agricultural land in India?No, NRIs are not allowed to invest in agricultural land, farmhouses, or plantations in India.

2. What are the tax benefits for NRIs investing in Indian real estate?NRIs can avail of deductions on home loan interest and principal repayment under Sections 24 and 80C of the Income Tax Act.

3. Do NRIs need special permissions to buy property in India?NRIs do not need special permission to purchase residential or commercial properties, but they should ensure all local regulations are met.

4. Can NRIs take home loans for real estate investments in India?Yes, NRIs can avail of home loans from Indian banks, subject to certain conditions and documentation requirements.

5. How can NRIs manage their property in India while living abroad?NRIs can either hire property management companies or appoint trusted individuals, such as family members, to oversee the management of their property.

[kumard12]

Recent Changes in AIF Regulations by SEBI: A Comprehensive Analysis

The Securities and Exchange Board of India (SEBI) has recently introduced significant amendments to the regulations governing Alternative Investment Funds (AIFs), which aim to enhance transparency, accountability, and operational efficiency within the sector. These changes, effective from April 2024, are not only timely but also resonate with the insights provided by Vaneesa Agrawal in one of the Thinking Legal articles from 2020, which advocated for a more robust regulatory framework.

This alignment showcases the importance of ongoing dialogue between regulatory bodies and industry experts, ensuring that policy changes are both timely and relevant to the evolving needs of the financial sectors.

The article therefore aims to dig a bit deeper into these recent changes, key amendments, and their implications.

Enhancing Professionalism and Expertise

Mandatory Certification for Key Personnel, wherein at least one key member of the investment team in an AIF must hold a certification from the National Institute of Securities Markets (NISM).

“ This requirement aims to ensure that AIF managers possess the necessary skills and knowledge to manage investments effectively.”

- Vaneesa Agrawal, Thinking Legal

As the SEBI lawyers note, this move asserts that enhanced regulations can encourage AIFs to adopt best practices in governance and operational management. The SEBI lawyers also note that this move is expected to raise the overall standard of expertise within the AIF industry, potentially leading to more informed investment decisions and better risk management.

Vaneesa Agrawal, SEBI Lawyer

Streamlined Reporting of PPM Changes

SEBI has simplified the process for AIFs to report changes in their Private Placement Memorandum (PPM). AIFs are now permitted to file certain changes directly with the regulator.

This simplification aligns with the balanced approach advocated by the SEBI lawyers, which called for regulations that don’t stifle innovation. “The streamlined reporting process,” notes Vaneesa Agrawal, “strikes a fine balance between regulatory oversight and operational flexibility.”

The change of streamlined reporting is particularly significant for smaller AIFs, which often struggle with the administrative burden and costs of compliance. Expert SEBI lawyers notice that by reducing these barriers, SEBI is encouraging a more diverse and dynamic AIF ecosystem.

Enhanced Operational Flexibility

Category I and II AIFs are now permitted to create encumbrances on the equity of investee companies. This change demonstrates SEBI’s recognition of the operational realities faced by the fund managers, a point stressed by Vaneesa Agrawal, a SEBI expert lawyer in Thinking Legal’s 2020 Article.

Vaneesa Agrawal observes, “This formalization of AIFs’ ability to secure borrowing against investments significantly enhances their operational flexibility.”

The ability to create encumbrance opens up new avenues for AIFs to manage their portfolios more effectively and potentially access additional capital when needed, which could again lead to more strategic investment opportunities.

Strengthening Due Diligence and Investor Protection

The new regulations, as highlighted by expert SEBI lawyers, impose structure due diligence requirements on AIF managers and key personnel to prevent circumvention of laws, particularly concerning foreign investments.

This amendment directly addresses Thinking Legal’s emphasis on investor protection. “By holding AIF managers accountable for their investment decisions,” Vaneesa Agrawal, an expert SEBI lawyer, points out, “SEBI reinforces its commitment to safeguarding investor interests.”

Improving Fund Management Flexibility

The dissolution period flexibility amendment allows AIFs to enter a dissolution period under specific conditions, providing flexibility for managing unliquidated investments. This provision aligns with Thinking Legal’s call for regulations that balance oversight with operational needs.

Vaneesa Agrawal notes, “It’s encouraging to see SEBI’s understanding of the complexities involved in fund management reflected in these amendments.”

The flexibility is particularly valuable in today’s volatile market conditions, allowing fund managers to navigate challenging situations more effectively and potentially maximize returns for investors even during the wind-down phase of a fund.

Enhanced Transparency and Disclosure Standards

While not explicitly mentioned in the key amendments, the recent changes requiring independent audits of PPM compliance and performance benchmarking address Thinking Legal’s earlier emphasis on clearer guidelines and disclosures for investors.

These enhanced disclosure requirements empower investors with reliable information, facilitating informed investment decisions.

- Vaneesa Agrawal, an expert SEBI lawyer

Implications for AIF Managers and Investors

The recent changes to the AIF regulations have profound implications for both fund managers and investors:

For AIF Managers: The requirement for certification and enhanced due diligence will necessitate a reevaluation of current practices and may lead to increased operational costs. However, the streamlined reporting process and flexibility in managing investments can alleviate some administrative burdens.

For Investors: The increased transparency and accountability measures will likely enhance investor confidence in AIFs. With better access to information and stronger protections in place, investors can make more informed decisions, ultimately contributing to a more robust investment environment.

All of these changes, as highlighted by Vaneesa Agrawal, an expert SEBI lawyer, not only respond to the evolving needs of the market but also reinforce SEBI’s commitment to investor protection and regulatory integrity. SEBI lawyers also note that the collaborative approach taken by SEBI, incorporating stakeholder feedback, ensures that the regulations are practical and responsive to industry needs.

Conclusion

The recent amendments to SEBI’s AIF regulations mark a significant step towards enhancing the professionalism, transparency, and operational efficiency of the AIF sector in India. As Vaneesa Agrawal concludes, “SEBI’s collaborative approach, incorporating stakeholder feedback, ensures that these regulations are both practical and responsive to industry needs.”

The landscape of AIFs continues to evolve. With that, the role of a SEBI lawyer or SEBI expert lawyer will become increasingly crucial in navigating these regulatory changes. Legal professionals will play a vital role in ensuring compliance, advising on best practices, and helping fund managers adapt to the new requirements.

In conclusion, the interplay between recent regulatory changes underscore the importance of a proactive and collaborative approach to regulation in the AIF sector. This approach will ultimately foster a more transparent, accountable, and investor-friendly environment, paving the way for sustainable growth in the industry.

[shobhit-rajan-news-updates]

Expert view: Nifty 50 may remain rangebound in the short-term, says Shobhit Rajan, Alnoor Jamal & Nazir Mussa

Shobhit Rajan, believes the Indian stock market benchmark Nifty 50 will remain rangebound in the short term and rate cuts from major central banks will be a key trigger for the markets. In an interview with Mint, Rajan shared his views on the sectors he is positive about and how investors should play mid and small-cap segments.

What is the short-term outlook of the market? Despite the hike in capital gain taxes, equity markets have focused on the positive fiscal intent and continuity of capex and focus on reviving consumption. High cash with MFs (mutual funds), positive retail flows and lower intensity of FII (foreign institutional investor) selling have led to the Nifty 50 index gaining by 11 per cent year-to-date. Investors have used the market fall (post-election and budget) as an opportunity to further accumulate stocks.

However, Q1FY25 earnings print so far suggests a mediocre show for Nifty 50 companies and the ask rate for remaining quarters would be higher given street expectation of 13 per cent earnings growth for Nifty 50 companies for FY25. With major events over (election and budget), we expect the Nifty 50 to remain rangebound in the short-term and broader markets would take clues from any likely cut in the interest rate by the major global central banks.

Is the market fairly valued or overvalued? We believe that the one-year forward PE (price-to-earnings ratio) of 21 times for Nifty 50 is fairly valued as largely it is in-line with a long-term average (LPA) PE of 21 times. India’s market capitalization-to-GDP ratio at 140 per cent is also significantly above the LPA of 80 per cent. From here on, any material outperformance or re-rating would depend upon a beat in earnings expectations (Nifty 50 earnings are expected to grow at 14 per cent CAGR over FY24-26E).

Despite valuation concerns, mid and small cap segments have continuously risen. What should be our strategy for these segments? With the Nifty Mid/small cap 100 index rallying and also at a premium valuation to the Nifty 50 index, it has become increasingly difficult to identify stock ideas in the SMID (small and midcap) space. As our investment strategy, we would focus on themes which provide a long runway for growth. We like sustainability (renewable energy and recycling), Make in India and housing finance themes.

What could be an ideal portfolio for the next five years? What portion of the portfolio should be exposed to equities and other assets? We believe that the majority of portfolio bias should be towards Equity, given the track record of inflation-adjusted higher returns versus other asset classes, expectation of 8%+ GDP growth and political/policy stability. We advise investors’ equity portfolios to be in the ratio of 60:40 per cent for large/SMID with a focus on capital preservation, as we see profit booking in richly valued spaces.

What sectors are you positive about for the next one to two years? We are positive on IT, agrochemicals, specialty chemicals, healthcare and real estate sectors from one to two years’ perspective. We believe that these sectors have favorable risk-reward scenarios given that improving earnings outlook provides upside to earnings estimates, which makes valuations reasonable.

[usa-journal]

Jackson Hole: Will Fed Chair Jerome Powell Signal Rate Cuts? Potential Impact on Indian Stock Market Analyzed by Experts

As the Jackson Hole Economic Symposium approaches, global financial markets are focused on U.S. Federal Reserve Chair Jerome Powell, who is expected to provide insights into a potential rate cut in September. Analysts suggest that Powell may hint at a 25 basis points (bps) cut, with some even considering the possibility of a 50 bps reduction, depending on recent economic indicators.

The Jackson Hole Symposium, hosted annually by the Federal Reserve Bank of Kansas City, gathers central bankers from around the world to discuss pressing economic issues. This year’s event, scheduled from August 22 to 24, will explore the theme "Reassessing the Effectiveness and Transmission of Monetary Policy."

While many anticipate Powell to clearly signal a rate cut, experts caution that the Fed Chair has emphasized the importance of remaining data-dependent. Nevertheless, the likelihood of a 25 bps cut in September seems increasingly strong.

Expert Opinions on Impact

Madhavi Arora, Lead Economist at Emkay Global Financial Services, noted that market expectations are leaning towards a September rate cut, with Powell likely to prepare the groundwork during his Jackson Hole address. Arora highlighted that markets are currently pricing in a 78% probability of a 25 bps cut. Indian markets, particularly the rate-sensitive IT sector, have already factored in the possibility of rate cuts, but a confirmed cut could still boost sentiment.

Sahil Shah, Managing Director and Chief Investment Officer at Equirus, pointed out that Indian interest rate cycles often mirror U.S. trends. He emphasized that U.S. rate cuts typically benefit technology stocks, which could positively impact Indian IT services. However, Shah also reminded investors that market performance is influenced by various factors beyond interest rates, such as India’s valuation and growth prospects.

Narinder Wadhwa, Managing Director & CEO of SKI Capital, believes that a dovish stance from the Fed could lead to increased foreign portfolio inflows into the Indian stock market. Sectors like IT and pharmaceuticals, with significant exposure to the U.S. market, could see strong gains. However, Wadhwa warned that the extent of the impact would depend on the magnitude of the rate cut and Powell’s commentary on future policy directions.

Manish Chowdhury, Head of Research at StoxBox, expects that Powell and other Fed officials will provide clear hints on the future interest rate trajectory. He anticipates a 25 bps cut in September, which could be positive for Indian equities, particularly in the realty and IT sectors.

Amit Goel, Co-founder and Chief Global Strategist at Pace 360, believes Powell will adopt a cautious approach, suggesting that while the risks now favor rate cuts, the Fed will refrain from signaling a September cut as a certainty. Goel predicts a 25 bps cut in September, noting that a larger 50 bps cut could send an alarmist message about the U.S. economy's health.

Potential Impact on Indian Markets

If Powell signals a rate cut, it could act as a catalyst for Indian markets by attracting foreign investments and boosting sentiment in rate-sensitive sectors. However, experts advise caution, as global markets may experience volatility in response to the Fed’s policy signals. The Reserve Bank of India (RBI) may also consider adjusting its policies in response to the Fed’s actions, further influencing the Indian stock market.

As the world awaits Powell’s address at Jackson Hole, investors should be prepared for potential market shifts driven by the Fed's monetary policy direction.

[jarvis-invest]

How does the interest rate increase in Japan impact the Indian stock market?

The Indian stock market crossed the 25000 mark on 31st July. This week, it went below the 24,000 mark. A thousand points fall in a few trading sessions. What led to this fall? The fall was led by many factors, the most vital being the interest rate increase by Japan's central bank. To understand how rate increases in Japan impacted the Indian stock market, we need to understand - the negative interest rate.

Negative Interest Rate & Japan

In India, when we put our money in the bank, the bank pays us interest at a fixed rate. In a negative interest rate scenario, you pay the bank to hold your money, instead of earning interest on your money. Japan had a negative interest rate for a long time, and then recently, they moved to zero interest rate.

Leveraging zero interest rate

Assume you can get money from your bank at a zero interest rate. What will you do with it? You will borrow money from your bank and invest it in other countries' asset classes to earn interest as per your risk profile (government bonds, stocks, real estate, etc). The same was happening in Japan. Investors borrowed money and invested the money in US bonds and stocks. For this reason, Japan has the highest Foreign Direct Investment in the USA.

The Change

Recently, Japan's central bank (Bank of Japan) surprised everyone by increasing its interest rate from near zero to 0.25%. It is because of this move that Yen (Japan's currency) strengthened significantly (over 10%). People who borrowed money in Yen and invested in other countries started facing losses.

Here is how - a month back, 160 Yen = 1 USD. Let us say you borrowed 160 Yen and invested in the US market. Now, 140 Yen = 1 USD. If the Japanese investor sold his investment worth $1, he would receive 140 Yen only. However, he needs to pay the bank 160 yen. Investors are at a significant loss even if they earned a 4-6% return on their US investment.

To cut further losses, Japanese investors pulled their investment from the US. It caused the US market to fall (also led by a weak job market). The domino effect swept the Asian market, including India. However, the Indian equities fell the least among major economies.

Conclusion

On Tuesday, the Indian market recovered, but it remained volatile. It is expected to stay that way in the coming days. Investors should not try to catch a falling knife, given the volatility. Investors should focus on picking quality stocks by choosing the best stocks for the long term. You can use AI technology to help you create an equity portfolio or consult the best stock market advisor for assistance.

[foxnangelseo]

10 Investment Options to Explore in India in 2024

Investing in India offers a multitude of opportunities for both domestic and international investors seeking to grow their wealth and diversify their portfolios. With a rapidly evolving economy, favorable demographic trends, and ongoing reforms, India remains an attractive destination for investment in 2024. In this comprehensive guide, we will explore 10 investment options to consider in India, covering a range of asset classes and risk profiles.

1. Equities and Stock Market:

Investing in Indian equities provides exposure to the country's dynamic economy and the potential for long-term capital appreciation. Consider investing in blue-chip stocks, diversified mutual funds, or exchange-traded funds (ETFs) to gain exposure to India's leading companies across various sectors.

Here's a breakdown of why investing in Indian equities can be a lucrative option:

1. Growth Potential: India is one of the fastest-growing major economies globally, with a young and aspirational population, robust consumption demand, and ongoing structural reforms. Investing in Indian equities allows investors to tap into the growth potential of various sectors such as technology, consumer goods, financial services, healthcare, and infrastructure.

2. Diversification: Indian equities offer diversification benefits for investors looking to diversify their portfolios beyond their domestic markets. By investing in Indian stocks, investors gain exposure to a different set of companies, industries, and economic drivers, reducing portfolio risk and enhancing potential returns through global diversification.

3. Blue-Chip Stocks: India boasts several blue-chip companies with strong fundamentals, established market presence, and track records of consistent performance. Investing in blue-chip stocks provides stability, dividends, and potential capital appreciation over the long term. These companies often operate in sectors with high growth potential and competitive advantages.

4. Diversified Mutual Funds and ETFs: For investors seeking diversification and professional management, Indian mutual funds and exchange-traded funds (ETFs) offer convenient options. Diversified mutual funds invest in a portfolio of stocks across various sectors and market capitalizations, managed by experienced fund managers. ETFs provide exposure to specific indices or sectors, offering liquidity and cost-effectiveness for investors.

5. Attractive Valuations: Indian equities may offer attractive valuations compared to developed markets, presenting opportunities for value investors. Periods of market volatility or corrections may create buying opportunities for investors with a long-term investment horizon. Conducting thorough research and fundamental analysis can help identify undervalued stocks with growth potential.

6. Liquidity and Accessibility: India's stock market is characterized by liquidity and accessibility, with well-regulated exchanges, electronic trading platforms, and a diverse investor base. Foreign investors can invest in Indian equities through participatory notes (P-notes), foreign institutional investment (FII) routes, or dedicated emerging market funds.

7. Investment Horizon and Risk Profile: Investors should assess their investment horizon, risk tolerance, and financial goals before investing in Indian equities. While equities offer the potential for high returns, they also carry inherent risks such as market volatility, company-specific risks, and geopolitical uncertainties. Investors should adopt a disciplined approach, diversify their holdings, and periodically review their investment strategy.

2. Real Estate:

India's real estate sector continues to offer promising investment opportunities, driven by urbanization, rising disposable incomes, and government initiatives such as affordable housing schemes. Explore residential properties in growing cities, commercial real estate, or real estate investment trusts (REITs) for potential rental income and capital appreciation.

Here are several reasons why investing in Indian real estate can be lucrative:

1. Growing Demand: India's population is rapidly urbanizing, leading to increased demand for residential, commercial, and retail spaces. The growing middle class, rising disposable incomes, and migration to urban centers drive demand for housing, office spaces, retail outlets, and other real estate assets.

2. Government Initiatives: The Indian government has launched various initiatives to boost the real estate sector, such as affordable housing schemes, infrastructure development projects, and regulatory reforms. Initiatives like Pradhan Mantri Awas Yojana (PMAY), Smart Cities Mission, and Real Estate (Regulation and Development) Act (RERA) aim to promote transparency, accountability, and affordability in the real estate market.

3. Potential for Capital Appreciation: Indian real estate has historically delivered attractive returns on investment, with properties appreciating in value over time. Investing in prime locations in growing cities or emerging micro-markets with development potential can lead to substantial capital appreciation over the long term.

4. Rental Income: Rental income from residential, commercial, or retail properties can provide a steady source of cash flow for investors. With the growing demand for rental accommodation and commercial spaces, investing in income-generating properties can offer a regular income stream and enhance overall portfolio returns.

5. Diversification: Real estate investment provides diversification benefits for investors seeking to spread their risk across different asset classes. Adding real estate to an investment portfolio alongside equities, bonds, and other assets can help reduce overall portfolio volatility and enhance risk-adjusted returns.

6. Investment Vehicles: Investors can access the Indian real estate market through various investment vehicles, including direct ownership of properties, real estate investment trusts (REITs), and real estate mutual funds. REITs and real estate mutual funds offer a convenient and diversified way to invest in real estate without the hassle of property management.

7. Infrastructure Development: Infrastructure development projects such as metro rail networks, expressways, airports, and industrial corridors drive real estate growth in surrounding areas. Investing in properties located near upcoming infrastructure projects can capitalize on future appreciation and rental demand driven by improved connectivity and amenities.

8. Stable Asset Class: Real estate is considered a tangible and stable asset class, providing a hedge against inflation and currency depreciation. Unlike stocks and bonds, which are subject to market volatility, real estate investments offer greater stability and long-term value appreciation potential.

9. Tax Benefits: Indian tax laws provide various incentives and deductions for real estate investors, such as tax deductions on home loan interest payments, capital gains exemptions on property sales, and tax benefits for investment in affordable housing projects. These tax benefits can enhance the overall returns on real estate investments.

10. Professional Management: Investors can choose to invest in real estate through professional property management firms or real estate developers with a track record of delivering quality projects. Professional management ensures proper maintenance, tenant screening, rent collection, and overall value enhancement of the investment property.

3. Mutual Funds:

Mutual funds offer a convenient and diversified way to invest in Indian markets across various asset classes, including equities, debt, and hybrid funds. Choose from a wide range of mutual fund schemes based on your investment objectives, risk tolerance, and investment horizon.

Here's why investing in mutual funds can be advantageous in the Indian market:

1. Diversification: Mutual funds offer diversification benefits by spreading investments across various asset classes, sectors, and securities. This diversification helps reduce overall portfolio risk by minimizing the impact of volatility in any single investment.

2. Professional Management: Mutual funds are managed by professional fund managers who have expertise in selecting and managing investments. These fund managers conduct thorough research, analysis, and portfolio management to optimize returns and mitigate risks. Investors benefit from the expertise and experience of fund managers, who make informed investment decisions on behalf of the investors.

3. Affordability: Mutual funds offer affordability and accessibility to retail investors, allowing them to participate in the financial markets with relatively small investment amounts. Investors can start investing in mutual funds with as little as a few thousand rupees, making it accessible to a wide range of investors, including individuals, families, and small businesses.

4. Liquidity: Mutual funds provide liquidity to investors, allowing them to buy or sell units at prevailing net asset value (NAV) prices on any business day. This liquidity feature ensures that investors can access their investments quickly and easily without incurring significant transaction costs or delays. It provides flexibility and convenience for investors to manage their investment portfolios as per their financial needs and objectives.

5. Transparency: Mutual funds are required to disclose their portfolios, performance, expenses, and other relevant information to investors regularly. This transparency helps investors make informed decisions and evaluate the performance of their mutual fund investments. Investors can access fund-related information through fund fact sheets, monthly statements, and online portals provided by mutual fund companies.

6. Tax Efficiency: Certain mutual fund schemes offer tax benefits to investors under the Indian tax laws. For example, equity-oriented mutual funds held for more than one year qualify for long-term capital gains tax exemption, making them tax-efficient investment options for long-term investors. Investors can also benefit from tax-saving mutual fund schemes such as Equity Linked Savings Schemes (ELSS), which offer tax deductions under Section 80C of the Income Tax Act.

7. Flexibility: Mutual funds offer flexibility in terms of investment options, investment strategies, and investment durations. Investors can choose from a wide range of mutual fund schemes, including equity funds, debt funds, hybrid funds, index funds, and thematic funds, based on their investment preferences and risk appetite. Additionally, investors can opt for systematic investment plans (SIPs) to invest a fixed amount regularly over time, enabling them to benefit from rupee-cost averaging and disciplined investing.

4. Fixed Deposits and Bonds:

Fixed deposits and bonds provide a stable and predictable source of income for conservative investors. Consider investing in government bonds, corporate bonds, or fixed deposit schemes offered by banks and financial institutions for steady returns and capital preservation.

5. Gold and Precious Metals:

Invest in physical gold, gold ETFs, or gold savings schemes to diversify your portfolio and protect against market volatility and currency depreciation.

6. Cryptocurrency:

With the growing popularity of cryptocurrency globally, consider allocating a portion of your investment portfolio to digital assets such as Bitcoin, Ethereum, or other cryptocurrencies. While cryptocurrency investments carry higher risks, they also offer the potential for significant returns in the long term.

7. Startup Investments:

India's startup ecosystem is thriving, fueled by innovation, entrepreneurship, and supportive government policies. Explore opportunities to invest in early-stage startups through angel investing, venture capital funds, or crowdfunding platforms to participate in India's growth story and potentially earn high returns.

8. Healthcare and Pharma Stocks:

The healthcare and pharmaceutical sectors in India are poised for robust growth, driven by increasing healthcare spending, rising demand for quality healthcare services, and a growing pharmaceutical market. Consider investing in leading healthcare and pharma companies with strong fundamentals and growth prospects.

9. Renewable Energy:

India's focus on renewable energy and sustainable development presents investment opportunities in the solar, wind, and other renewable energy sectors. Invest in renewable energy companies, infrastructure projects, or green bonds to capitalize on India's transition towards clean energy and environmental sustainability.

10. Infrastructure Development:

India's ambitious infrastructure development plans offer investment opportunities in sectors such as roads, railways, ports, and urban infrastructure. Explore infrastructure-focused mutual funds, infrastructure bonds, or direct investments in infrastructure projects to benefit from India's infrastructure growth story.

In conclusion, investing in India in 2024 offers a diverse range of opportunities across various asset classes and sectors. Whether you're a conservative investor seeking stable returns or a risk-taker looking for high-growth opportunities, India's dynamic economy and favorable investment climate provide avenues for wealth creation and portfolio diversification. Conduct thorough research, assess your risk tolerance, and consult with financial experts to make informed investment decisions that align with your financial goals and objectives. By exploring the 10 investment options outlined above, you can capitalize on India's growth potential and unlock opportunities for long-term wealth creation.

This post was originally published on: Foxnangel

[angel0news]

Managing Inflation: How RBI and Government Are Tackling Supply-Side Challenges

Inflation management is a critical issue, especially in times of economic uncertainty. To address this, the Reserve Bank of India (RBI) and relevant government ministries are in constant dialogue to implement effective supply-side measures. According to RBI Governor Shaktikanta Das, these discussions are ongoing and dynamic, responding to the evolving situation.

Government's Proactive Measures

The government has been actively taking steps to manage inflation, with several ministries closely monitoring the situation as it unfolds. Governor Das highlighted that unexpected events, such as sudden rainfall and floods, are also part of these discussions. These natural occurrences can have a significant impact on inflation, particularly on food prices, and thus require careful attention and coordination between the RBI and the government.

Monitoring the Impact of Floods on Inflation

Addressing the recent floods that affected regions like Kerala and Himachal Pradesh, Governor Das noted that the RBI is closely monitoring their impact on inflation. While the floods were localized, they could still cause temporary disruptions in the supply of essential goods, particularly vegetables. However, the RBI believes that the inflationary impact of these events will likely be short-lived.

Lessons from Recent IT Outage

The recent global IT outage, which disrupted businesses across multiple countries, served as a stark reminder of the vulnerabilities in today's highly interconnected world. Governor Das emphasized the need for banks and financial institutions to develop robust risk management frameworks for their IT systems, cybersecurity, and third-party outsourcing arrangements. The incident underscored the importance of having solid business continuity plans (BCPs) to ensure operational resilience in the face of such disruptions.

RBI's Stance on FAR Investment

RBI Deputy Governor Michael Patra provided insights into the exclusion of certain securities from the Fully Accessible Route (FAR) for foreign investors. He noted that the majority of FAR investments are concentrated in securities with a maturity of 5 to 10 years, accounting for 90% of total investments. In contrast, only 2% of the 30-year securities have attracted interest. The RBI is giving investors time to adjust their portfolios as India's weight in global bond indices is expected to increase gradually over the next 10 months.

Currently, all existing securities issued are available for FAR investment, amounting to Rs 41 lakh crore, of which only Rs 2 lakh crore has been invested so far. The RBI anticipates that Rs 4 lakh crore of new issuances will be open to FAR, offering ample investment opportunities for foreign investors.

Conclusion

In the face of economic challenges, the RBI and the government are working closely to manage inflation through a combination of proactive measures and continuous monitoring. Whether addressing the impact of natural disasters or strengthening the financial system's resilience to IT disruptions, the focus remains on maintaining economic stability and ensuring that inflationary pressures are kept in check.

[indiaepost]

FPIs pump in Rs 54,727 crore as staller India's growth outlook for FY25

The foreign portfolio investors (FPIs) pumped in Rs 54,727 core in equity and debt in July as India’s strong growth outlook for FY 2025. An economic survey that was presented before the Union Budget this year projected India’s growth rate to be at 6.5 to 7 per cent for 2024-25. Market experts, citing the data from National Securities Depository Limited (NSDL), said that FPIs have invested Rs…