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L&T Mutual Fund was an Indian mutual fund company that operated between 2010 and 2023. The asset manager of its mutual fund schemes was L&T Investment Management Ltd, a wholly-owned subsidiary of Larsen & Toubro. In November 2022, L&T Finance Holdings sold the company to HSBC for ₹ 3,484 crore ($425 million).
L&T has said that its exit from the electrical and automation business is a part of its strategic portfolio review process. L&T Mutual Fund. L&T Mutual Fund was the mutual fund company of the L&T Group. Its average assets under management (AuM) as of May 2019 is ₹ 73,936.68 crore. On November 26, 2022, L&T Mutual Fund was sold to HSBC.
In 2018, Aditya Birla Sun Life Mutual Fund faced redemption pressures in some of its debt schemes due to exposure to entities like the Essel Group companies. The Economic Times reported that the Aditya Birla Sun Life Mutual Fund was the biggest investor in the Essel Group, with an exposure of Rs 2,936 crore spread across 28 schemes1.
Money is collected from investors by way of floating various collective investment schemes, e.g. mutual fund schemes. In general, an AMC is a company that is engaged primarily in the business of investing in, and managing, portfolios of securities.
A mutual fund is an investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK.
7000+. Website. www .camsonline .com. Computer Age Management Services Limited (CAMS) is a mutual fund transfer agency serving Indian asset management companies. [2] [3] The company was incorporated in 1988 and is headquartered in Chennai. It became publicly listed in October 2020, subsequent to an initial public offering (IPO) through an offer ...
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