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The "India SME Fund" has been launched in association with Aditya Birla Sun Life Asset Management Company Pte Ltd (ABSLAMC), the fourth largest asset management company in India and a part of the India-based US$40 billion Aditya Birla Group.
Mysore will be responsible for Sun Life Financial's investment in the Birla Sun Life joint venture companies, comprising three companies: Birla Sun Life Insurance Company Limited, Birla Sun Life Asset Management Company Limited and Birla Sun Life Distribution Company Limited.
Sun Life Financial Asia - Birla Sun Life Asset Management Company Limited signed an agreement with Alliance Capital Asset Management (India) Private Limited to acquire the rights to manage the Indian mutual fund assets of Alliance Capital Mutual Fund.