Chennai: Union AMC has announced its growth strategy aimed at doubling its AUM (Assets under management) to Rs 10,000 crore with growth coming in from B30 cities.
The firm is co-sponsored by Union Bank, a leading Indian PSU bank and a Dai-chi Life Holdings, Inc a Japanese foreign financial behemoth.
G Pradeepkumar, CEO, Union Asset Management Company Private Limited, said “The AMC has implemented a more robust investment process resulting in improved performance of various schemes of Union AMC. The company also manages a portfolio for Daichi through FPI route. The year 2020 has also witnessed amalgamation of Andhra Bank and Corporation Bank with Union Bank of India. The amalgamated entity now has more resources in terms of branches to help enable the growth strategy.”