LIC Nomura MF to grow AUM to Rs. 15,000 crore in FY15

India Infoline News Service | Mumbai |

The AMC had an average AUM of Rs 10,584 crore by the end of last fiscal.

In order to expand its asset base, LIC Nomura Mutual is looking for acquisitions, according to a media report.
the acquisition doesn't only aim to increase the assets under management (AUM), but will also look at adding sound investor base, the report added.
LIC Nomura Mutual Fund aims to grow its average AUM to Rs 15,000 crore during this fiscal. The AMC had an average AUM of Rs 10,584 crore by the end of last fiscal.
LIC Nomura Mutual Fund is a joint venture formed between LIC and Nomura, with LIC holding 65 per cent stake in the joint venture.

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