SME Times is powered by   
Search News
Just in:   • Sensex in red amid heavy fund outflow  • Loans sanctioned in 1,33,448 cases under 59-minutes scheme to MSME  • Startups gets $5.85 bn funding in first half: Report  • Economic remedies for water crisis  • Demographic dividend: Skill gap a big barrier 
Last updated: 11 Oct, 2018  

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

Rupee.9.jpg
   Top Stories
» Loans sanctioned in 1,33,448 cases under 59-minutes scheme to MSME
» Startups gets $5.85 bn funding in first half: Report
» Growth remains high on the agenda of Govt: Minister
» Two key skill development initiatives under NRLM
» Several schemes to push MSME sector: Minister
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 23 Jul, 2019
  Daily Poll
Is the Union Budget 2019 MSME-friendly?
 Yes
 No
 Can't say
  Commented Stories
» Textile opportunities in Finland: An export snapshot (1)
» Several schemes to push MSME sector: Minister(1)
» India's balancing act(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter