Friday, March 14, 2008

Poor sentiment in the Indian Stock Market affects New Fund Offers

The following is a report on Economic Times that sheds light on how some of the NFOs that were introduced recently have performed.

Indian investors seem to have turned their backs on the recent new fund offerings from Mirae, HSBC and Morgan Stanley Mutual Funds, in the wake of the market meltdown. So, the spotlight is on the fate of the dozen odd new fund houses, whose NFOs are slated to hit the market in the coming months.

There is speculation that the current market volatility may force most of the new entrants to rethink their India strategy. They may also resort to some innovative products to woo investors.

For full details click here

RK
http://yourmitra.wordpress.com

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