THE Melchior Indian Opportunities Fund (MIOF) has been remodeled as a wholly-owned subsidiary of the Melchior Selected Trust, Dalton Strategic Partnership's (DSP) flagship offshore fund range, to increase its availability to investors.
The resulting vehicle - the Melchior Selected Trust Indian Opportunities fund (MSTIOF) - will maintain its investment strategy with U.R. Bhat continuing as the manager of the fund. The upshot of the re-organisation will be that a wider range of investors will be able to subscribe to the fund, which will continue to reap the rewards of taxation benefits associated with investing in Indian equities via Mauritius. The MIOF, which returned 100.26pc in 2007, is currently structured as a Mauritian open-ended investment company so that the investment returns of the fund benefit from a favourab...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes