Widely read:
The SEBI has approved guidelines for Real Estate Mutual Funds. Initially, all such funds would be close-ended and listed on the stock exchanges. The NAV of the scheme shall be declared on a daily basis. Such funds can invest directly in real estate properties within India, mortgage (housing lease) backed securities and equity shares/ bonds/ debentures of listed/ unlisted companies which deal in properties and also undertake property development.
Disclaimer: This content is for information only and should not be considered investment advice or a recommendation.
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