India’s Reliance Capital Asset Management (RCAM) is reportedly planning to launch an Indian equity fund targeting South Korean investors.
The fund will invest in Indian equities and will be distributed in South Korea by Samsung AMC, The Times of India reported citing a senior RCAM executive.
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The move will likely be followed by a reciprocal initiative from RCAM to distribute a South Korean equity fund to Indian investors.
RCAM CEO Sundeep Sikka said: "On our part, RCAM would be launching an Indian equity fund in Korea with our partner Samsung AMC. This will give an opportunity to Korean investors to invest in the India growth story, using the experience of RCAM."
The move comes after RCAM struck a strategic alliance with South Korea’s Samsung Asset Management Company (Samsung AMC) in April 2015.
Under the partnership terms, the entities will be responsible for managing, marketing, and distributing each other’s investment products in their respective domestic markets.
