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To file offer document with SEBI within 2 weeks

JOINING HANDS: (from left) Mr Sandesh Kirkire, CEO, Kotak Asset Management Company Ltd, Mr Uday Kotak, CMD, Kotak, Mr Todd Ruppert, President & CEO - T. Rowe Price Global Investment Services, and Mr Arvind Sabharwal, Vice-President and Portfolio Specialist of T. Rowe Price Global, announcing their tie-up for emerging market global fund in Mumbai on Thursday.

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Mumbai Feb 22 Kotak Asset Management Company (AMC) has tied up with US-based T. Rowe Price to launch a fund that would invest in T. Rowe Price Funds SICAV - Global Emerging Markets Equity Fund, enabling Indian investors to get a taste of emerging markets.

Kotak AMC will file for the offer document with the SEBI in two weeks, said Mr Sandesh Kirkire, CEO.

The fund will invest under the $150-million limit of the SEBI.

The fund will aim to outperform the MSCI Emerging Markets Index over the medium to long term by investing in the T. Rowe Price fund, which invests primarily in a diversified, global portfolio of equity and equity-related securities of companies in the emerging economies of South America, Asia, Europe, Africa and West Asia.

The fund will be a three-year closed-ended fund and the minimum investment will be Rs 5,000.

"The fund will provide investors the opportunity to participate in global markets," said Mr Kirkire.

T. Rowe Price is a global investment management firm based in US with $330 billion of assets under management.

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