From 5 minute wrap

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Now this is something that will easily qualify as the biggest naming coup in the history of Indian financial markets in recent times. As per Bloomberg, Helios Capital, a Singapore based hedge fund plans to start an India focused fund and has decided to name the fund 'The Slumdog Millionaire' fund! If this isn't amusing enough, the firm is intending to raise US$ 50 m for an India long only fund called 'Jai Ho' fund. It should be noted that 'Jai Ho' is the title of the Oscar winning song from the movie Slumdog Millionaire, which set the Oscars on fire earlier this year by scooping up eight awards.

Interest in Indian stock markets, which are already up 54% since the start of 2009, is on the rise and Helios Capital has really come up with an innovative way to capitalize on the same. The name will surely make it stand apart from its rivals. Will this also translates into a stand out performance? Only time will tell. "We want to find slumdogs from the Indian equity markets who have the potential of becoming millionaires", is how the founder of the fund chose to put it across. That potential though will come from some under-researched and ignored small cap stocks, a job that we have done with a fair degree of success for our subscribers.
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