What is the benefit for an Indian investor?
Kotak: The Indian investor today is investing in many mutual funds that are primarily aimed at investing in the Indian debt and equity market. We feel the time has come when the Indian investor needs to diversify into global assets rather than being limited to the Indian assets itself. Sebi and RBI have permitted the Indian mutual funds to invest up to USD 150 million into global assets. We believe that this is amongst the early ones and is one of its kind fund, whereby Kotak Mutual will be going to the Indian investors with a product from a global high quality fund called T Rowe Price, which is one of the leading funds in the world. In turn, Kotal Mutual will invest into T Rowe Price’s global emerging markets fund. This is one of the unique structures we are putting in place for the benefit of Indian investors to invest in the global emerging market equities, which Indian investors today would find it difficult to do on their own and through the mutual funds structure, we are making i
