Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

RNAM to provide advisory services to Australian investors

Posted On: 2019-06-20 20:55:28

ETF Securities, Australia has launched the first Indian ETF in Australia. Reliance Nippon Life Asset Management Limited (RNAM) has entered in an arrangement to provide advisory services to Australian investors.

Listed today on the Australian Securities Exchange with the code NDIA, the ETF will provide Australian investors a unique opportunity to tap into the world's fastest-growing major economy.

NDIA tracks India's NIFTY 50 Index, which holds the country's fifty biggest companies listed on the National Stock Exchange (NSE). It accounts for 13 sectors representing about 66.80% of the free float market capitalization of the stocks listed on the NSE.

RNAM took over the schemes of Goldman Sachs (India) in 2016 with an AUM of 24,546 crore as of 31st May, 2019 and has 60% of ETF folio share as of 31st March, 2019, highest number of ETF folios in the industry. RNAM has been a pioneer in the Indian ETF Market with over 17 years of experience in managing ETFs in India. With a comprehensive range of Equity, Debt, Gold and International ETF (Reliance ETF Hang Seng BeES), Committed to offering exciting investment opportunities to domestic as well as the foreign investors, RNAM has been the first to conceive the concept of Gold ETFs in 2002, first Money Market ETF in the world and was also the first to conceptualize and launch the CPSE ETF with Government of India in 2014.

RNAM's ED & CEO, Sundeep Sikka, said his company was delighted to collaborate with ETF Securities in order to provide advisory services for allowing Australian investors to participate in "the India growth story."

"RNAM has always been at the forefront of the Indian ETF Industry. It is now the first Indian AMC to partner with an International asset manager to bring investments into India through the ETF route. NDIA will provide Australian investors access to the Nifty 50 Index which has been the torch bearer of Indian equities for the last 25 years and is considered to be 'the Stock of the Nation,'" Mr. Sikka said.

"India has been the most dynamic economic growth story globally, but, until now, it has been difficult for investors globally to access," said Kris Walesby, Head of ETF Securities Australia. "This product offers investors the chance to gain exposure to a $US2.6 trillion economy that still has tremendous potential to grow as India reaps the benefits of structural reforms," Mr. Walesby said.

"Political stability may allow the benefits of recent reforms to Goods and Services Tax and bankruptcy laws to continue filtering through in the form of stronger earnings performances by India's major companies," he said.

Another positive is the fact that 60% of India's GDP is driven by domestic private consumption (compared to 40% in China), effectively insulating the economy against external shocks, Mr. Walesby said.

Shares of Reliance Nippon Life Asset Management Ltd was last trading in BSE at Rs.219.8 as compared to the previous close of Rs. 219.65. The total number of shares traded during the day was 61739 in over 486 trades.

The stock hit an intraday high of Rs. 220.5 and intraday low of 219.35. The net turnover during the day was Rs. 13598103.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Operations disrupted at Hitech Corporation Ltd's Baddi unit

Allen Solly launches its First Ever Jeans campaign

MoU signed between HCL and Maharashtra Airport Development Company for expansion of MIHAN campus

INOX Leisure Ltd opens 3 screens multiplex at Umrao Mall, Lucknow

Tech Mahindra Ltd divests 73.38% stake in FixStream Networks Ine., USA

Ajmera Realty and Infra India Ltd awarded Developer of the Year - Residential category award

CARE reaffirms ratings of Chaman Lal Setia Exports Ltd

Hon'ble NCLAT upholds the Resolution Plan of MBL Infra

Avana's Water Conservation Solution Becomes Best CSR Idea Of The Year

Coffee Day Enterprises Ltd update On Debt Position

Mahindra inaugurates its 1st automotive assembly plant in Sri Lanka, expands global footprint

TVS Motor Singapore invests US$ 3.2 Million in Predictronics Corporation

NACL Industries Ltd reports financial results for Q1 FY20

Precision Camshafts Limited - Q1 FY2020 results

SREI Equipment Finance Ltd's NCD issue opens on Aug 16, 2019

Transform Banking with Newgen at FIBAC 2019

Hero MotoCorp surpasses milestone of 1000 women employees

Sun Pharma and China Medical System Holdings Enter into Licensing Agreement for Generic Products in Mainland China

IFIN & RCFL initiate proceedings against SKIL Infrastructure Ltd

Kridhan Infra Limited - VNC wins new orders worth INR 145 Crores

Ram Ratna Wires Ltd fixes Aug 30, 2019 as record date for dividend

Himatsingka Seide Ltd clarifies on certain media reports

Master Trust Ltd fixes Aug 27, 2019 as record date for sub-division of equity shares

Advik Laboratories Ltd Board to consider sale of manufacturing unit

CARE downgrades ratings of Walchandnagar Industries Ltd

Super Crop Safe Limited announces Financial Results for Q1FY20

Info Edge India Ltd to invest in Shopkirana

Hinduja Ventures Ltd board to consider reorganizaiton of businesses on Aug 23, 2019

Voltas launches new Brand Shop at Gajuwaka, Visakhapatnam

CRISIL downgrades ratings of DCM Ltd

Lupin receives U.S. FDA approval for Hydrocortisone Valerate Cream

Birlasoft Wins Two Oracle Excellence Awards for 2019

TCS Interactive Wins 2019 Red Dot: Best of the Best Award in Brands and Communication Design

Blue Star Ltd - Financial Highlights for Q1 FYF20

Hindustan Foods Ltd - Q1-FY20 Performance Highlights

Omaxe Ltd Consolidated PAT for Q1 FY19-20 at Rs 14.91 cr

QGO Finance Ltd board to consider NCD issue on Aug 21, 2019

Mindteck reports financial results for Q1 2019-20

Ramkrishna Forgings Ltd's resolution plan for ACIL Ltd accepted

KNR Constructions Ltd to sell stake in SPV for Rs. 95.79 crores

Panacea Biotec announces Q1 FY20 results

IOB offers Retail Loans through the online portal PSB Loans in 59

Travel Money with YES BANK to launch Forex Card on Visa network

Mishtann Foods reports 22.1% increase in Q1FY2020 PAT at INR 3.14 crore

India Ratings assigns 'Ind AA- / Negative' For Indian Overseas Bank Bonds

YES BANK raises Rs. 1,930 crores through Qualified Institutions Placement route

Hero MotoCorp Ltd updates on closure of production facilities

Voltas Beko launches India's first 5 Star rated Washing Machines

Titagarh Wagons Ltd consortium bags order for Pune Metro Rail project

PVR launches sub-brand PVR UTSAV in Satna

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019