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Investors prefer domestic bull run to global stocks
Thursday, October 11, 2007 in.reuters.com
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Finance
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Fund managers attempting to sell global stocks to Indian investors are finding it tough to find sufficient subscribers. Most investors prefer to subscribe to the tax-efficient domestic funds and are encouraged to do so by the extended bull-run on D-street. "People say lot of foreigners are coming into India and investing here...why should I invest out of India," said Ajay Bagga, CEO of Lotus India
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global-stocks
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