Pramerica Mutual Fund has been constituted as a trust under
Indian Trusts Act, 1882, with Prudential Financial, Inc. (PFI) as the sponsor
and Pramerica Trustees Private Limited as the trustee. The Trust Deed has been
registered under the Indian Registration Act, 1908. Pramerica Mutual Fund has
been registered with Securities and Exchange Board of India (SEBI) on May 13,
2010 under Registration Code MF/065/10/02.
PFI, a company incorporated
and with its principal place of business in the United States of America
(U.S.A.) is the sponsor of Pramerica Mutual Fund and has entrusted a sum of
Rs.1,00,000/- (Rupees One Lakh only) to the Trustee as the initial contribution
towards the corpus of Pramerica Mutual Fund.
PFI is represented by
directors on the Board of the Trustee Company and the Asset Management Company
in accordance with the SEBI Regulations and shall be responsible for discharging
its functions and responsibilities towards Pramerica Mutual Fund in accordance
with SEBI (Mutual Funds) Regulations, 1996, and the various constitutive
documents of Pramerica Mutual Fund.
ABOUT PFI
One of the largest financial services institutions in the U.S.,
with over US$ 1.0 Trillion in AUM.
(1) Ranked 8th among the Top Money
Managers in the world
(2) 2nd largest Insurance company in the
USA
(3) 2nd on Fortune magazine’s 2013 List of World’s Most Admired
Companies in the Insurance: Life and Health Category 55th on the 2012 Fortune
500 List of America’s Largest Corporations More than 48,000 employees in over 35
countries across the globe
(4) Pramerica and Pramerica Financial are
trade names used by Prudential Financial, Inc.,(PFI) a company incorporated and
with its principal place of business in the United States, and by its affiliated
companies in select countries outside the United States. None of these companies
are affiliated in any manner with Prudential plc, a company incorporated in the
United Kingdom.
(1) Figures as of 30 June 2013.
(2) Ranked by
total worldwide institutional assets under management as of December 31, 2012,
PFI was number 8 on Pensions & Investments Top Money Managers List. (Source:
Pension & Investments Magazine Issue dated 27 May 2013).
(3)At
December 31, 2012, PFI, through its life insurance companies, was the second
largest life insurer in the US (life and health combined) based on total
admitted assets, according to A.M. Best.
