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

Quick Summary AI Powered

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.

More Pictures


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:

Language: English

Reading Time: 3 minutes read

Article Length: 510 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 23381

View Article Analysis

About Business Standard

Business Standard Logo

Main Topics: EconomyFinance

Official Website:

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

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.