Zurich India Mutual Fund
Zurich India Mutual Fund
What happened to Zurich India Mutual Fund?
Zurich India Mutual Fund was a notable player in the Indian mutual fund industry in the late 1990s and early 2000s. However, in 2003, Zurich Financial Services Group decided to exit the Indian mutual fund business.
Their existing schemes were acquired by HDFC Mutual Fund. SEBI, the Indian market regulator, subsequently cancelled the certificate of registration for Zurich India Mutual Fund and withdrew approval for Zurich Asset Management Company (India) Private Ltd.
Therefore, any search for "Zurich India Mutual Fund" or its schemes will refer to historical data. Its operations and schemes are now part of HDFC Mutual Fund.
Current Status: There is no "Zurich India Mutual Fund" operating independently today.
Given this, providing details on its current fund managers, scope, or a list of active funds is not applicable. The information below pertains to its historical operations and the current entity that absorbed its schemes.
Historical Context (Referencing the Past Zurich India Mutual Fund):
Introduction to (Former) Zurich India Mutual Fund
Zurich India Mutual Fund was a part of the global financial services giant Zurich Financial Services Group. In India, it was known for offering a range of mutual fund products before its acquisition. It was registered with SEBI under the SEBI (Mutual Funds) Regulations, 1996. The fund aimed to cater to the diverse investment needs of Indian investors.
Fund Managers (Historical)
At the time of its operations, Zurich India Mutual Fund had a team of fund managers. Notably, Mr. Prashant Jain was the Chief Investment Officer (CIO) of Zurich India Mutual Fund. After the acquisition by HDFC Mutual Fund, he moved to HDFC AMC and became a highly renowned fund manager there for many years.
Scope (Historical)
Historically, Zurich India Mutual Fund offered a range of schemes covering various asset classes. Its scope included:
- Equity Schemes: Diversified equity funds, as well as some focused or thematic funds.
- Debt Schemes: Fixed income products, including fixed maturity plans and other debt instruments.
- Balanced/Hybrid Schemes: Funds that offered a mix of equity and debt.
The fund aimed to provide investment solutions for wealth creation across different risk profiles.
List of Funds (Historical - now part of HDFC Mutual Fund)
The schemes of Zurich India Mutual Fund were absorbed by HDFC Mutual Fund. Some of the well-known schemes that originated from Zurich India Mutual Fund and were subsequently integrated into HDFC Mutual Fund's offerings include (but are not limited to):
- Zurich India Equity Fund: This was a prominent equity fund that became part of HDFC Mutual Fund's equity offerings (e.g., contributing to what became HDFC Equity Fund or similar).
- Zurich India Prudence Fund: This was a balanced fund, which was absorbed into HDFC Mutual Fund's hybrid offerings (e.g., contributing to what became HDFC Balanced Advantage Fund).
- Various Fixed Maturity Plans (FMPs): Zurich India also offered fixed-term debt plans, which matured or were integrated into HDFC's debt portfolio.
“Ready to watch your money grow? Let's explore how mutual funds can help you achieve your financial goals.”
“Experience a smarter way to grow your wealth. Wish N Gain helps you turn every investment wish into a solid gain.”
Other Mutual Fund Houses
