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Max Life Pension Fund Management Limited, a subsidiary of the life insurance firm, will manage the pension assets with investment choices under the National Pension Scheme.
New Delhi, Aug 26: Max Life Insurance Company on Friday said it has ventured into the pension fund management business, as its subsidiary has secured Commencement of Business (COB) certificate from Pension Fund Regulatory & Development Authority (PFRDA). Max Life Pension Fund Management Limited, a subsidiary of the life insurance firm, will manage the pension assets with investment choices under the National Pension Scheme. Set up with initial capital of Rs 50 crore, the fund manager is expected to begin […]