Mutual Fund companies

The concept of mutual funds in India dates back to the year 1963. The era between 1963 and 1987 marked the existance of only one mutual fund company in India with Rs. 67bn assets under management (AUM), by the end of its monopoly era, the Unit Trust of India (UTI). By the end of the 80s decade, few other mutual fund companies in India took their position in mutual fund market.

The new entries of mutual fund companies in India were SBI Mutual Fund, Canbank Mutual Fund, Punjab National Bank Mutual Fund, Indian Bank Mutual Fund, Bank of India Mutual Fund.

The succeeding decade showed a new horizon in indian mutual fund industry. By the end of 1993, the total AUM of the industry was Rs. 470.04 bn. The private sector funds started penetrating the fund families. In the same year the first Mutual Fund Regulations came into existance with re-registering all mutual funds except UTI. The regulations were further given a revised shape in 1996.

Kothari Pioneer was the first private sector mutual fund company in India which has now merged with Franklin Templeton. Just after ten years with private sector players penetration, the total assets rose up to Rs. 1218.05 bn. Today there are 33 mutual fund companies in India.

ABN AMRO Mutual Fund was setup on April 15, 2004 with ABN AMRO Trustee (India) Pvt. Ltd. as the Trustee Company. The AMC, ABN AMRO Asset Management (India) Ltd. was incorporated on November 4, 2003. Deutsche Bank A G is the custodian of ABN AMRO Mutual Fund.

ABN AMRO Asset Management is headquartered in London and Amsterdam with important units in Atlanta, Hong Kong, Chicago and Singapore. It provides tailored investment management services to its clients.

It has more than 1900 emplyoees worldwide in over 20 countries, with portfolio managers and analysts located around the world. All investment products benefit from the valuable source of local expertise, while portfolios are often managed locally. This local knowledge is used as input for international co-ordination of the investment policy.

ABN AMRO Asset Management manages EUR 159.6 billion (as at March 31, 2005) in segregated accounts and in over 500 mutual funds.

ABN AMRO Mutual Fund AMC Corprate Office

ABN AMRO Asset Management (India) Ltd.
101, 10th floor, Sakhar Bhavan
Nariman Point
Mumbai 400 021
Tel : 91-22-5656 3841

Birla Sun Life Mutual Fund was setup on December 24, 1994. The sponsorers of Birla Mutual Fund are Birla Global Finance Limited and Sun Life (India) AMC Investments Inc. Sun Life Financial Group of Companies is a financial services organisation headquartered in Toronto, Canada.

The AMC of Birla Sun Life Mutual Fund is Birla Sun Life Asset Management Company Limited which was incorporated on September 5, 1994. Recently Birla Mutual Fund crossed AUM of Rs. 10,000 crores.

The diversified schemes are as follows:

* Debt Schemes
* Balanced Schemes
* Offshore Schemes
* Investment Plans
* Readicheque
* Gift Certificates

Birla Mutual Fund AMC Corporate Office

Birla Sun Life Asset Management Company Limited
2nd Floor, Tower A, Ahura Centre,
Mahakali Caves Road,
Andheri (East),
Mumbai - 400 093
Tel : +91-22 56928000
Fax : +91-22 56928111

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