Reliance Capital Asset Management Company (RCAM) has filed papers with the Securities and Exchange Board of India (Sebi) for launching a Korea-focused fund in Indian markets.
RCAM, part of Anil Ambani-led business conglomerate Reliance Group’s financial services arm, Reliance Capital, had in 2014 launched two India funds in Japan -- one for equity and the other for debt markets.
Reliance Korea Equity Fund is an open ended diversified equity scheme, according to papers filed with Sebi.
The new scheme is aimed at providing long-term capital appreciation to investors by identifying and investing in a portfolio constituted of equity and equity-related securities, predominantly in mid-cap and small-cap companies listed on the recognised stock exchanges of Korea.
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