| India can be an investors paradise or and | | | | state run entities, each own 25% of UTI Asset |
| investors nightmare. India was a region hit hard by | | | | Management which is the oldest mutual fund |
| the economic downturn of the last couple of | | | | company.o Birla Sun Life Asset Management is a |
| years but has been bouncing back nicely from the | | | | joint venture between Aditya Birla Group and the |
| nearly 53% lose taken last year. It has rebounded | | | | Canadian insurer Sun Life Financial and manages |
| well though, much faster than other developing | | | | $410 billion rupees.o Societe General has obtained |
| countries and many foreign investors are | | | | a 37% stake in SBI Funds Management, with |
| channeling funds into this "new" market. The top | | | | State Bank of India, the largest bank in India. This |
| 10 current Indian mutual funds are:o The | | | | fund manages $300 billion rupees.o Franklin |
| Matthews India Fund offers investors specific | | | | Resources Inc. owns India's sixth largest fund, |
| exposure to India's economy but investing in | | | | Franklin Templeton Asset Management and |
| Indian start ups.o Reliance Capital Asset | | | | manages %247 billion rupees.o Tata Asset |
| Management managed more than one half times | | | | Management is controlled by Tata Group, which |
| more money than it nearest competitor with | | | | controls more that $238 billion rupees in June. The |
| more than $21 billion rupees in assets.o Britain's | | | | firm is also allying itself with Britain's New Star |
| Standard Life Investments owns a large stake, | | | | Asset Management, to manage New Star India's |
| 40%, in HDFC, India's second largest | | | | India-dedicated funds.o Kotak Mahindra |
| private-sector lender. This firm managers $527 | | | | Management is owned by Kotak Mahindra bank |
| billion rupees in June and is still growing.o Prudential | | | | Ltd, which has an alliance with T. Rowe Price in an |
| Plc, a part of the British Financial services group, | | | | effort to launch global funds. |
| has a nearly 59% stake in ICICI Prudential Asset | | | | With India's newly booming market opportunities, |
| Management, with only ICICI holding the | | | | it may be just the place for savvy investors to |
| remainder.o The State Bank of India and Punjab | | | | squirrel away some money for better returns. |
| National Bank, along with Life Insurance Corp, all | | | | |