Yesterday, the Finance Minister in Union Budget 2011-12 allowed know your customer (KYC)-compliant foreign investors to invest directly in equity schemes of SEBI registered mutual funds.
In an interview with CNBC-TV18, Milind Barve, Managing Director, HDFC Asset Management Company says, it is a very significant and positive move. Below is a verbatim transcript of his exclusive interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee. Also watch the accompanying video. Q: Do you think it's a big opportunity? A: I don't know whether you can use the wordDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
