2 Replies to “l.i.c nomura mutual fund is a private company?”

  1. LIC mutual fund entered in joint venture with nomura on March 20, 2011…. and renamed as LIC Nomura Mutual fund

    LIC Mutual Fund Trustee Company Private Limited and LIC Mutual Fund Asset Management
    Company Limited (LIC MF) have entered into a joint venture with Nomura Asset Management
    Company Ltd. This is pursuant to Nomura having acquired 35 percent of the fully paid-up
    equity share capital of both LIC MF AMC and the Trustee Company. LIC Mutual Fund
    Trustee Company Pvt. Ltd. has now been renamed LIC NOMURA Mutual Fund Trustee
    Company Pvt. Ltd., while LIC Mutual Fund Asset Management Company Ltd. will now be
    known as LIC Nomura Mutual Fund Asset Management Company Ltd.

    About LIC
    LIC Mutual Fund, formerly known as Jeevan Bima Sahyog AMC Ltd., has been in business since 19 June, 1989 and has floated 100 schemes over the period. As on date, continuous sale and repurchase is available under 26 open ended schemes. The AMC has been able to mobilize and deploy substantial funds. LIC Mutual Fund Asset Management Company Ltd. has its Corporate Office situated in Mumbai and has a pan India presence of 28 Area Offices and 93 Business Centres.
    The AMC has an excellent track record in Debt and Liquid Schemes which has led to its winning 6 ICRA Awards including Star Fund of the Year (Debt). LIC Mutual Fund also won the Economic Times “Most Trusted Brand’ award amongst Mutual Funds for 2010. This year, the company has again won two ICRA seven star awards – for the three year period ending 31st December, 2010, under Liquid Funds Category and Floating Rate Fund Category.

    About Nomura
    Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs over 27,000 staff worldwide. Nomura’s unique understanding of Asia enables the company to make a difference for clients through three business divisions: retail, asset management, and wholesale (global markets and investment banking).
    With its global research capabilities, investment expertise cultivated over its long history, and cutting-edge financial technologies, Nomura Asset Management has developed a range of high quality and sophisticated investment products designed to pursue superior investment performance and to meet the diverse needs of its clients. NAM offers an extensive product range, from traditional products based on active fund management or quantitative approaches to alternative products based on equities, fixed income, and other investment

Leave a Reply

Your email address will not be published. Required fields are marked *

17 − sixteen =