• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Sept. 1 Goldman Sachs Asset Management Company (India), a subsidiary of the Goldman Sachs Group, has received regulatory approval from the Securities and Exchange Board of India to start a wholly-owned asset management and mutual fund business.

Goldman Sachs Asset Management Company (India) Pvt Ltd will act as the investment manager of Goldman Sachs Mutual Fund.

The senior management team that would lead the asset management operations of Goldman Sachs Asset Management in India will be led by Mr Adam Broder, as Chief Executive Officer, and Mr Prashant Khemka, as Chief Investment Officer, said a press release issued on Monday.

Currently, there are 35 mutual fund houses in the country, the mutual fund industry on the whole manages assets under management to the tune of Rs 5,29,631.04 crore.

More Stories on : Asset Management Companies | Regulatory Bodies & Rulings

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line