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India Fund launched in Kuwait

DUBAI: India Fund, which offers new investment opportunities for NRIs, Kuwaitis, Gulf Cooperation Council (GCC) citizens, foreigners and institutions, has been launched in Kuwait. The Kuwait Clearing Company, managed by the Al-Madina for Finance and Investment, is the custodian of the investment fund. The maximum subscription in the fund will be 1,000 units of one Kuwaiti dinar each and a maximum of 50 per cent of the number of issued units, the Kuwait Times reported.

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