Answering Why fund house come up with NFOs? Why fund house don’t come up with new funds often? and When you should avoid investing in NFO?
Indian Depository Receipts ( IDR’s )
Companies outside India can raise capital from the Indian capital market with the Government notifying norms for issue of Indian Depository Receipts ( IDRs ). This has been stipulated in the Companies (Issue of Indian Depository Receipts) Rules, 2004 but there is not even a single company till date after 5 years listed as IDR.
