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Aditya Birla Sun Life Insurance was established on August 4, 2000, and began operations in 2001 with three insurance plans. [35] The Insurance Regulatory and Development Authority (IRDA) granted registration in principle to Birla Sun Life. [36] Initially, Sun Life Financial held a 26% stake in this joint venture, [37] and later increased its ...
Kumar Mangalam Birla (1967-current), became the chairman of the Aditya Birla Group in 1995, succeeding his late father Aditya Vikram Birla when he was just 28 years old. [ 19 ] [ 20 ] Under his leadership, the group's annual turnover grew from $2 billion in 1995 to $60 billion in 2022.
As of June 2020, CAMS employed 6000+ people and offered varied services to the Mutual Funds, Insurance, and Banking industries through its network of 270+ locations across India. [6] CSCs [clarification needed] normally provide services to mutual funds, insurers, private equity, KRA, and NPS processes. Customers can enquire about their ...
Mutual fund highlight: More than 6,000 no-load, no-transaction-fee mutual funds Ally Invest The broker cut its commission on no-load mutual funds to $0 from $9.95 per trade in 2023.
How mutual funds work. A mutual fund is a type of pooled investment fund in which many people own shares. Mutual funds invest in many different companies, and some even invest in the entire stock ...
It is a joint venture between Aditya Birla Capital of India and Sun Life Financial Inc. of Canada. The company offers sector-specific equity schemes, fund of fund schemes, hybrid and monthly income funds, debt and treasury products and offshore funds. [4] [5] [6]