Tata Asset Management Private Limited forays into Pension business
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Mumbai: Tata Pension Management Limited (TPML) sponsored by Tata Asset Management Private Limited has been appointed as a Pension Fund Manager (PFM) by the Pension Fund Regulatory and Development Authority (PFRDA), for managing the funds under National Pension System (NPS). The 'Certificate of Commencement of Business as Pension Fund' was issued by PFRDA on 28th July 2022; and the business is now operational from 18th August 2022
Speaking on the occasion, Prathit Bhobe, CEO & MD, Tata Asset Management Private Limited
said, “With 28 years of investment management experience, Tata Asset Management now marks its entry in the pension space. The regulator has taken sizeable steps in promoting a pensioned society in India, and we are delighted to provide this array of pension products and services to the citizens of the country.”
Speaking at the launch, Kurian Jose, CEO, Tata Pension Management Limited
said, “In India, the concept of retirement planning is still at a nascent stage. We look forward to contributing towards creating awareness on pension literacy to support Indian citizens to achieve their retirement goals.
About Tata Pension Management Limited
Tata Pension Management Limited (TPML) offers fund management services under National Pension System regulated by PFRDA, Government of India. The core strength of the company stems from its intellectual capital and its robust investment management framework. The Tata Pension Fund philosophy is centred on promoting both the fund performance and the financial security of pension plan subscribers while seeking consistent, long-term results. We aim at overall excellence, within the framework of transparent and rigorous risk controls.
About the Sponsor– Tata Asset Management Private Limited
Established in 1994, Tata Asset Management Private Limited (TAMPL) has a track record of more than 28 years in investment management. TAMPL is owned by Tata Sons Ltd (67.91%) and Tata Investment Corporation Ltd (32.09%). Our heritage invokes “trust” among consumers, employees, shareholders and the community alike. Though a great heritage is obviously something to cherish, we also seek to carry that legacy through a set of well-defined and time tested globally accepted business practices. Being part of the Tata group, we are well known for our strong adherence to highest standards of ethics and fairness in all our business dealings. As one of the leading Indian Investment Managers, we understand that managing wealth is as important as the creation of it. Our competitive edge comes from our focus on four areas:
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