Published on Mon, Dec 07, 2009 at 09:14 | Source : CNBC-TV18
Updated at Mon, Dec 07, 2009 at 09:20
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T Rowe Price to invest in India through UTI
UK Sinha, Chairman and Managing Director, UTI, says the latter will invest in India through UTI. "T Rowe Price is bullish on the country and will garner more inflows into the UTI India Fund."
UTI may soon be co-branded with T Rowe Price. Speaking on the possibilities and business synergies with the new partner, UK Sinha, Chairman and Managing Director, UTI, says the latter will invest in India through UTI. "T Rowe Price is bullish on the country and will garner more inflows into the UTI India Fund."
Speaking on the rationale for the deal, Sinha says T Rowe Price wants to understand Indian markets better. "My research team and my fund managers will be able to tell them, on a proactive way, about developments within India. They will have better awareness about India. Whether it will lead to larger fund flow or not that is for them to answer, but the very fact is that they wanted more awareness about India and more research inputs about India."
UTI may soon be co-branded with T Rowe Price. Speaking on the possibilities and business synergies with the new partner, UK Sinha, Chairman and Managing Director, UTI, says the latter will invest in India through UTI. "T Rowe Price is bullish on the country and will garner more inflows into the UTI India Fund." 
