Association AMC to give warning administrations to FPI
New Delhi: Union AMC on Friday said it has wandered into the matter of giving administration and warning administrations to outside portfolio financial specialists.
In the first place, Union Asset Management Company (Union AMC) will give venture the executives and warning administrations to a seaward reserve which is enrolled as an outside portfolio speculator with business sectors controller Sebi, the store house said in an announcement.
This store is a Mid-and Small-Cap Fund, and would be benchmarked against Nifty Mid-Small top 400 Index.
“We are pleased to wander into this new zone of business. This is only the start of what we hope to be an energizing business opportunity. We are particularly grateful to our patrons for their help in this endeavor,” Union AMC Chief Executive Officer G Pradeepkumar said.
Association AMC is co-supported by Union Bank of India and Japan’s Dai-Ichi Life Holdings.