SME Times is powered by   
Search News
Just in:   • RBI is accountable, government runs country: Shaktikanta Das  • Exporters urge new RBI governor to push credit  • Canadian court frees Huawei CFO on bail  • Wipro opens automotive innovation hub in US  • Bull returns, Sensex up 629 pts 
Last updated: 11 Oct, 2018  

Rupee.9.Thmb.jpg Reliance Nippon Life bags mandate to manage ESIC funds

Rupee.9.jpg
   Top Stories
» Exporters urge new RBI governor to push credit
» Bull returns, Sensex up 629 pts
» New RBI governor appointed, Congress opposes
» Industry body welcomes new RBI governor
» Urjit Patel quits as RBI Governor
SME Times News Bureau | 11 Oct, 2018
Reliance Nippon Life Asset Management on Thursday announced it has received a mandate from the Employees' State Insurance Corporation (ESIC) to manage its funds.

"We are particularly proud to have received this mandate, which is a reaffirmation of our strong investment processes and consistent track record of delivering returns," said Sundeep Sikka, Executive Director and CEO, Reliance Nippon Life Asset Management, in a statement.

The total investment of ESIC as on 31.3.2017 stands at Rs 59,382 crore, the statement added.

The asset management company is a joint venture between homegrown Reliance Capital and Japan's Nippon Life Insurance.

The fund manager received the mandate from ESIC after a competitive technical and financial bidding process.

RNAM is currently managing, among others, funds of state-tun Employees' Provident Fund Organization and The Coal Mines Provident Fund Organization.

As of June, the company had total assets worth Rs 4.10 lakh crore under its management.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Dec, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» MSME credit: Liquidity crunch and delivery challenges (1)
» Rs 1 crore loan just in 59 minutes!(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter