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Major Players in Indian Wealth Management
Major Players in Indian Wealth Management
Prudential Plc has a 49 per cent stake in ICICI Prudential Asset Management , with India's top private-sector lender ICICI Bank holding the rest. The fund house managed 594.74 billion rupees in 2012.
Britain's Standard Life Investments holds a 40 percent stake in HDFC Asset Management firm managed 527.11 billion rupees 2012.
PNB, SBI, BOB, LIC own 25 percent stake in UTI assets mgt. Oldest mutual fund firm. AUM is 507.71 bi. RS.
: It
venture between India's Aditya Birla Group and Canadian insurer Sun Life Financial.
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STAKE HOLDINGS
MANAGE
Kotak Mahindra Asset Management: Kotak Mahindra Bank Ltd owns this co. The fund house, which has an alliance with T. Rowe Price to launch global funds,
DSP Merrill Lynch Ltd: A unit of investment bank Merrill Lynch, holds a 40 percent stake AUM 205.40 billion rupees in 2012. The remaining 60 percent is held by Hemendra Kothari, chairman of DSP Merrill Lynch, In January, BlackRock Inc, the largest publicly traded US asset manager,
said it would buy Merrill's 40 percent stake in the Indian asset manager.
Sundaram Asset Management Company was Founded 1996, Sundaram Finance Limited & BNP PARIBAS are equal partner.
OTHERS
Williams de Bro
Barclays Wealth
Partners Capital
Towry
Heartwood
Cheviot
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