Doha Bank of Qatar, which has acquired a 49 per cent
stake in Investnet, is looking to offer mutual funds in
Bank deputy chief executive officer R Seetharaman will
be chairman of the company following a re-branding exercise,
according to Investnet managing director Prince George.
Bank recently got an approval from the Securities and
Exchange Board of India (SEBI) to act as a Foreign Institutional
will concentrate on non-resident Indians (NRIs) who want
to invest in the country. "NRIs often do not have
much time on their hands so we offer portfolio management
schemes. We have tie-ups with 18 mutual funds in India,"
observed that NRIs are diversifying their areas of investment
to real estates as opposed to the earlier practice of
"over 90 per cent of investments going into fixed
deposits." The NRI investors are not speculative.
look at good assets that will give good returns, he added.
also see : General
reports on Banks & Financial Institutions