
Do you mean to say that tax exemption might become possible for foreign equity exposure too? If yes, then by when?
Yes, it could well happen. The request for the same has been submitted with the market regulator Sebi. If Sebi agrees, it will talk to the revenue ministry, which will then take it ahead. As these are regulatory issues, it might take time. So assigning a time frame won’t be possible.
This is a new development that you are on. Is there any plan on micro systematic investment plan (SIP)?
We are in talks with some NGOs and are working on micro SIP scheme. It will provide some protection to the person who has no regular cash flow as he can invest Rs 15 one day and then Rs 15 again when he has it. This way, he can even invest Rs 500-600 sporadically in a year.
What is the latest development regarding the real estate fund?
I am waiting for the Sebi Guidelines on real estate investment trusts. I expect the first set of Guidelines to be out by March and then within two months, we will launch our real estate fund.