Doha Bank enhances service to NRI customers

Doha Bank, one of the largest private commercial banks in Qatar, has enhanced its service by introducing investment opportunities to its non-resident Indian (NRI) customers through Doha Brokerage and Financial Services (DBFS). DBFS has come up with India Wealth Creator (IWC), a portfolio scheme which would invest exclusively in top performing mutual funds. This scheme works on a ‘fund-of- funds’ concept.

The product intends to optimise returns for investors and to eliminate the hassles of execution and challenges of managing investments. The portfolio manager chooses top performing mutual funds from reputed fund houses through a meticulous scheme selection process. The  performance of the fund will be reviewed on a half-yearly basis and necessary restructuring will be done. To the extent possible, churning will be limited to once in a year.

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The comprehensive banking solutions suite for Indian customers will exceed their expectations, owing to the wide variety of options available to them through Doha Bank’s arrangements with DBFS in India, says Seetharaman

“Our customers in India and abroad have countless aspirations and when it comes to their assets and investments in their home country, they often come across difficulties in managing them…we remain committed to supporting them in their efforts to meet their financial goals and enabling them to lead a hassle-free and comfortable life before and after retirement wherever they are,” Doha Bank group chief executive Dr R Seetharaman said.

He expressed confidence that the comprehensive banking solutions suite for Indian customers will exceed their expectations, owing to the wide variety of options available to them through our arrangements with DBFS in India, Doha Bank customers can also benefit from the rapidly growing Indian market by diversifying their investments into alternative investment funds, which include private equity, hedge funds, managed futures, real estate, commodities and derivatives contracts.

“Doha Bank’s partnership with DBFS is part of our planned expansion in the fast-growing Indian market. The services of the specialists who have several years of experience dealing with diverse investments will add much value to our customers’ assets and wealth,” according to Frank Hamer, chief international banking officer, Doha Bank.

 

Sources and photo-credits: Gulf Times