India Life Asset Management Co to manage Tecumseh's PF

Our Corporate Bureau
20 December 2002

Mumbai: India Life Asset Management Company (ILAMC), the country's first and only investment manager solely focused on provident and pension funds, has announced its association with Tecumseh Products India (TPIL), a leader in compressor manufacturing.

ILAMC will manage the provident fund (PF) of TPIL, advising its trustees on the investment strategy given their risk preference, maturity horizon and current portfolio status. ILAMC's strength lies in the domain expertise it brings along with an exhaustive track record.

ILAMC is India's first and only Securities and Exchange Board of India-licensed portfolio manager, solely focused on provident and pension funds. The sole focus on institutional pension and PFs dictates a service offering that ranges from investment advisory to management.

The company will assist trustees to plan and create investment strategies in line with risk and liability profiles and translate these strategies to real time investments through recurring investment advises.

Tecumseh is the world's largest manufacturer of compressors for the refrigeration industry. It is the No1 compressor manufacturer in India and has sold 11 lakh compressors in the last 251 working days of 2002.

Tecumseh is a full-line independent global manufacturer of hermetic compressors for air-conditioning and refrigeration products and is setting global benchmarks in compressor technology. Its fully tropicalised compressors are redefining performance in Indian conditions.