Monday, June 16, 2008

Real Estate Mutual Funds - 2 independent valuers to protect the interest of the investors and to ensure fairness in valuations

Real Estate Mutual Funds should invest minimum 35 per cent in real estate projects, while the rest could be invested in mortgage- back securities, shares of real estate companies, debentures issued by such companies.

The valuers would look at whether the mutual fund has invested at the correct price.
A P Kurian, Chairman, Association of Mutual Funds in India (AMFI).

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