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Investing in India
India offers high prospects for growth and earning potential across a multitude of sectors.
India is the fifth largest economy in the world and has the third largest GDP in the entire continent of Asia. The far reaching and sweeping economic reform policies embarked on since 1991 have unleashed Indias enormous potential for growth. These new Open Door Policies effectively liberalized, deregulated and integrated the Indian economy with the global economy, resulting in India becoming a key destination for foreign investment. As such, in 2004, the Indian economy registered a 8.5% growth with a 6.9% growth projected for 2005.
Investment Opportunities
TAIB realized the value of investing in India and became the first institution from the Gulf to register in India as a Foreign Financial Investor (FII) in 1995. Since then, TAIB has been active in the Indian market through its subsidiaries, TAIB Capital Corporation Ltd. and TAIB Securities (India) Ltd., while providing overseas investors with access to unique opportunities.
The TAIB Everest Fund is an openended mutual fund targeted for retail overseas investors and NRIs. The Fund accesses India through several different and highly successful external Best-In-Class investment managers that have an on-the-ground presence in India. The Fund delivered returns of 35.3% in 2004 and has marked a 180% return since its inception in 1995. As the Fund operates through a subsidiary in Mauritius, investors pay only a nominal tax on income, thereby, legally bypassing the Indian capital gains tax.
TSML is a broad-based fund in Mauritius that focuses on investment in the Indian equity market. Through this vehicle, investors will have access to the local capital markets and be able to leverage the wealth management and brokerage services offered by TAIB. It has the advantage of the Double Taxation Avoidance Treaty that is held between Mauritius and India.
The India Profit-Sharing Fund is a Shariah-compliant open-ended fund with a focus on India. It provides medium to long-term capital growth to investors through investments in select Shariah-compliant stocks.
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