Reliance Cap Singapore arm AUM over $1 bn

Written by Press Trust of India | Mumbai | Updated: Feb 2 2013, 08:22am hrs
Reliance Capital Asset Managements Singapore subsidiary (RCAMS) on Friday said its assets under management have crossed the $1-billion mark. The company said it now plans to double its global assets portfolio in the next three years. RCAMS was launched in 2006.

The $1 billion in AUM is a milestone for our Singapore operations. It reinforces our belief that India will continue to be an attractive investment destination for foreign investors. We see these AUMs growing multifold in the next few years, and Singapore will play a larger role in expanding our global footprint, said Reliance Capital AMC chief executive Sundeep Sikka.

RCAM Singapore is the hub for the company's global operations and offers a well-rounded portfolio of fixed income, equity and alternate funds to its overseas investors.

RCAM altogether manages around $2 billion in AUMs from global investors across various funds, with a portfolio of long only, hedge and Shariah compliant funds. The company has plans to double its AUM from international operations in the next three years, and the AUMs in Singapore are likewise expected to double in the next two years.

RCAM is the largest AMC in the country with an AUM of R1,64,785 crore as of end December, across MFs, pension funds, managed accounts and hedge funds, under its 43 schemes comprising 21 equity-oriented schemes, 19 debt-oriented schemes, two exchange traded funds and one fund of funds in the country.