The fund house has filed an offer document with SEBI to launch its first actively managed equity fund in India after acquiring Benchmark AMC.
After acquiring Benchmark Mutual Fund, Goldman Sachs Asset Management India, is ready to launch its first actively managed equity fund in the Indian market besides its existing funds after acquisition. The AMC has filed the offer document with SEBI for its India Equity Fund.
It will be an open-ended equity scheme with 80 to 100 percent exposure in equity and 20 percent in debt securities and money market instruments. The scheme will be benchmarked to National Stock Exchange’s S&P CNX 500 index.
The investment objective of the scheme is ‘to generate long-term capital growth from an actively managed portfolio primarily of equity and equity related securities.’
According to the offer document the fund might invest in ETFs listed overseas. The overall ceiling for investment in overseas ETFs that invest in securities is $1 billion, subject to maximum of $50 million per mutual fund.
Goldman Sachs manages an AUM of Rs 4349.18 crore as per AMFI data.
