Mumbai: Tata Asset Management has inked an alliance with UK-based New Star Asset Management, a retail fund management company, to offer advice for the latter's proposed India dedicated equity fund. New Star will mop up funds from retail investors in UK and invest in India through the FII route.
Last year, Tata Mutual Fund signed partnership with a UK-based global investment management house Invesco which has nearly $500 billion under management, for its own 'Indo-Global Infrastructure Fund'. Here, Tata Mutual Fund collects funds from India for Indo-Global Infrastructure Fund, investing a percentage of it in Invesco's Asia Infrastructure Fund. The rest of the funds would be invested in India-listed infrastructure companies.
Last year, Tata Mutual Fund signed partnership with a UK-based global investment management house Invesco which has nearly $500 billion under management, for its own 'Indo-Global Infrastructure Fund'. Here, Tata Mutual Fund collects funds from India for Indo-Global Infrastructure Fund, investing a percentage of it in Invesco's Asia Infrastructure Fund. The rest of the funds would be invested in India-listed infrastructure companies.
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