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The move assumes significance in the wake of the government already having announced taxation incentives for the offshore fund managers willing to relocate to India.

As the capacity utilization in the Indian economy is about 74%, the capex recovery is expected to be slow and gradual and should gather steam post FY18
Investors have pulled out more than Rs 58,000 crore from various mutual fund (MF) schemes in May on account of huge outflow from money market and gilt funds.
Equity mutual funds witnessed an inflow of over Rs 4,721 crore in May, making it the highest in six months, mainly on account of strong retail participation.
With the increasing number of platform for direct only plans, buying a mutual fund just got easier
The asset base of country's mutual fund industry dropped to Rs 13.81 lakh crore at the end of May after hitting all time high in the preceding month.
Liquid funds are available in various variants such as Daily Dividend, Weekly/Monthly Dividend and Growth option.
A good monsoon means more disposable income in the hands of farmers which leads to gold investments