India’s first Shariah-compliant mutual fund collects 50 million rupees

India’s first Shariah-compliant mutual fund collects 50 million rupees

Gateway_of_India

India’s Taurus Asset Management has collected about 50 million rupees in the country’s first actively managed sharia-compliant equity mutual fund it launched in February, chief executive Waqar Naqvi said on Wednesday.

"Around 5 crores… not bad given the fact that even very large fund houses collected some 2 crores or 3 crores," Naqvi said, referring to the mop-up.

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