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An asset management company is an asset management / investment management company/firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives. For a fee, the company/firm provides more diversification , liquidity , and professional management consulting service than is normally available ...
In 2016, Caisse de dépôt et placement du Québec (CDPQ), a pension fund manager in North America, acquired 20 per cent equity stake in Edelweiss Asset Reconstruction Company (EARC) with a view to investing annually in stressed assets and the specialized corporate credit segment, over a four-year period.
Economic and Social Stabilization Fund / Pension Reserve Fund: 21: Copper Bahrain [54] Mumtalakat Holding Company: 18.6: Oil & Gas Timor-Leste [55] Timor-Leste Petroleum Fund: 17: Oil & Gas Canada: Alberta Investment Management Corporation / Alberta Heritage Savings Trust Fund: 16 Oil & Gas India
The UTI Mutual Fund was carved out of the erstwhile Unit Trust of India (UTI) as a Securities and Exchange Board of India-registered mutual fund on 1 February 2003. UTI Mutual Fund was launched by the Government of India in 1963, and it is one of the oldest mutual fund companies in India.
AIICO Pension Managers Limited was founded in February 2005. In April 2006, the company was awarded a licence to operate as a pension funds administrator (PFA). [1] In August 2016, to mark 10 years in business, the company appointed Nollywood actress Joke Silva as its brand ambassador, to promote the company services and products.
On 23 August 2003, the Interim Pension Fund Regulatory & Development Authority (PFRDA) was established through a resolution by the Government of India to promote, develop and regulate pension sector in India. [3] The contributory pension system was notified by the Government of India on 22 December 2003 to the National Pension System (NPS) with ...
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income. The U.S. Government 's Social Security Trust Fund , which oversees $2.57 trillion in assets, is the world's largest public pension fund.
The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$590 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$95 billion) recorded in December 2013.