RCAM acquires GSAM for Rs 243 crore

Reliance Capital Asset Management (RCAM) is going to acquire mutual fund business of Goldman Sachs Asset Management (GSAM) India.

As on 30 September GSAM India has total assets under management (AUMs) of Rs.7, 132 crore . This includes Rs.2,172 crore of AUMs in the CPSE ETFs.

• With this acquisition Reliance Capital Asset Management Ltd (a part of Anil-Ambani led Reliance Capital) will become the exclusive fund manager for the government’s CPSE ETFs (Central Public Sector Enterprises -Exchange Traded Fund).

Reliance Capital Asset Management (RCAM), a part of Anil Ambani-led Reliance Capital