Reliance Capital Asset Management (RCAM), part of Reliance Capital, has suspended sale of units for gold subscription in Reliance Gold Savings Fund with affect from August 1, 2013. With this initiative, it aims support the drive of government for discouraging the bulk investments and import of gold into India in order to control the current account deficit.
RCAM is a part of Reliance Capital, one of India’s largest financial services companies with over 20 million customers. RCAM is the only AMC in India to have been chosen to manage both public funds sponsored by the Indian government - the Provident Fund and Pension Fund.
