Drishtikone
This is an interesting development! I thought the Indian equity market was close to maxing out.. apparently no!
Global educational institutions and Universities are investing a part of their huge endowment funds in Indian equity markets expecting high returns, reported The Business Standard
Massachusetts Institute of Technology (MIT), which recently registered itself with the Securities and Exchange Board of India (SEBI) as a foreign institutional investor (FII) handles endowment funds worth about $8 billion that are mostly invested in the U.S, although the 18 percent of them is invested in international equity.
Washington University, University of Wisconsin, Singapore Management University, Nanyang Technological University, Singapore, Boy Scouts of America and Howard Hughes Medical Institute are also investing in the Indian markets.
MIT's entry into India is significant considering that it is the largest University investment fund in the U.S, behind Harvad, Yale, Stanford and University of Texas and Princeton.
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