Nomura exits mutual fund JV with LIC

Posted on:19 May 2016 14:30:45
Nomura exits mutual fund JV with LIC
19 May 2016 Current Affairs: Japanese financial company Nomura has fully exited its mutual fund joint venture with state-run insurer LIC.IC Nomura Mutual Fund has now been renamed LIC Mutual Fund.

According to the note, the shareholding pattern of the new AMC is: LIC –45 per cent, LIC Housing Finance Ltd - 39.3 per cent, GIC Housing Finance - 11.7 per cent and Corporation Bank  4 per cent. Earlier, Nomura held 35 per cent stake in the asset management company.

As of March 2016, LIC Nomura Mutual Fund managed assets of about Rs. 13.156 crore, according to the Association of Mutual Funds in India.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs November 2017

22 NOVEMBER
NEWS
21 NOVEMBER
NEWS
20 NOVEMBER
NEWS
19 NOVEMBER
NEWS

Current Affairs October 2017

31 OCTOBER
NEWS
30 OCTOBER
NEWS
29 OCTOBER
NEWS
28 OCTOBER
NEWS

Current Affairs September 2017

30 SEPTEMBER
NEWS
28 SEPTEMBER
NEWS
27 SEPTEMBER
NEWS
26 SEPTEMBER
NEWS