Thursday, April 18, 2019

Posted at: Oct 12, 2018, 1:44 AM; last updated: Oct 12, 2018, 1:44 AM (IST)

Reliance firm to manage ESIC funds

Mumbai, October 11

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.

The total investment of ESIC as on March 31, 2017, stands at Rs 59,382 crore. The asset management company is a joint venture between Reliance Capital and Japan’s Nippon Life Insurance. The fund manager received the mandate from ESIC after a competitive technical and financial bidding process. — PTI


All readers are invited to post comments responsibly. Any messages with foul language or inciting hatred will be deleted. Comments with all capital letters will also be deleted. Readers are encouraged to flag the comments they feel are inappropriate.
The views expressed in the Comments section are of the individuals writing the post. The Tribune does not endorse or support the views in these posts in any manner.
Share On