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Canara Robeco MF halts inflows from UAE investors after nation's scrutiny

Business Standard LogoBusiness Standard1 mo ago

Canara Robeco MF halts inflows from UAE investors after nation's scrutiny

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It’s a big market for us and we cannot prevent them from investing in India,” says a chief executive officer of a leading fund house.

Top MF executives said their fund houses have turned cautious when it comes to flows from the Gulf nation, but haven’t stopped accepting investments from the UAE.

Canara Robeco Mutual Fund (MF) has stopped taking investments from investors in the United Arab Emirates (UAE) after the financial action task force (FATF) added UAE to the Grey List.


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Article Details

Author / Journalist: Chirag Madia

Category: EconomyFinance

Topics: Fund Subscription Business Investments Grey Canara Robeco Content Standard List

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 22:19:00

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Reading Time: 3 minutes read

Article Length: 510 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 23381

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About Business Standard

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Main Topics: EconomyFinance

Official Website: business-standard.com

Update Frequency: 258 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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Publisher ID: #49

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