February 26, 2015 11:24 PM ET

Capital Markets

Company Overview of Deutsche Asset Management (India) Private Limited

Company Overview

Deutsche Asset Management (India) Private Limited provides its services to individuals. It launches and manages fixed income and balanced mutual funds for its clients. The firm also manages equity mutual funds. It invests in the public equity and fixed income markets of India. The firm was founded on March 21, 2002 and is based in Maharashtra, India with additional offices in Gujarat, India, Karnataka, India, Tamil Nadu, India, Kerala, India, West Bengal, India, Maharashtra, India, Delhi, India, Maharashtra, India, Andhra Pradesh, India, and Gujarat, India. Deutsche Asset Management (India) Private Limited operates as a subsidiary of Deutsche India Holdings Private Limited.

2nd Floor

222 Kodak House

Dr. D. N. Road

Mumbai,  400 001

India

Founded in 2002

Phone:

91 22 7158 4350

Fax:

91 22 7158 4310

Key Executives for Deutsche Asset Management (India) Private Limited

Chief Executive Officer, Portfolio Manager, and Director
Head of Equities and Fund Manager
Head of Fixed Income and Fund Manager
Age: 41
Head of Equity
Fund Manager of Fixed Income
Compensation as of Fiscal Year 2014.

Deutsche Asset Management (India) Private Limited Key Developments

Yes Bank In Talks To Acquire Deutsche Asset

Yes Bank Limited (BSE:532648) is in talks with three AMC businesses, including a bid to acquire Deutsche Asset Management (India) Private Limited. The bank’s board has cleared a proposal to secure an asset management license from the Securities and Exchange Board of India. It would require approvals from the Reserve Bank of India. The deal is estimated to be between INR 2 -2.5 billion. “We are keen on the AMC (Asset Management Company) business and are open to buying out any existing set-up if a good opportunity comes our way though we are not in a hurry,” Rajat Monga, Senior Group President - Financial Markets, YES Bank, said.

Yes Bank In Talks To Acquire Deutsche Asset Management

Yes Bank Limited (BSE:532648) has entered talks with Deutsche Asset Management (India) Private Limited to buy its mutual fund assets worth around INR 22,500 billion. Chief Executive Officer and Managing Director Rana Kapoor said YES Bank was open to buying an asset management firm. The board of YES Bank has approved a plan to enter the asset management and primary dealership businesses. The company said : "The asset management business will complement the bank's retail liabilities strategy, strengthen multi-product customer engagement and also allow the Bank to leverage its distribution network for customer acquisition. The AMC will complement YES Securities brokerage business which has now stabilized its operations and is rapidly growing its business footprint."

Yes Bank Reportedly In Talks To Acquire Deutsche Mutual Fund

Yes Bank Limited (BSE:532648) has started discussions with Deutsche Asset Management (India) Private Limited to acquire Deutsche’s mutual fund assets in India valued at INR 226.7016 billion, two people familiar with the development said. The people added that a deal could be finaized at a valuation of around INR 2.5 billion. "Yes Bank is the front runner to acquire the assets of Deutsche Mutual Fund in India. The bidding round is on January 21, 2015" said the first person. Yes Bank’s Managing Director and Chief Executive Officer Rana Kapoor confirmed that it is open to acquiring an asset management business. He added that on January 14, 2015, its Board cleared a proposal to secure an asset-management license from the Securities and Exchange Board of India (Sebi) and required approvals from the Reserve Bank of India (RBI). Yes Bank is in talks with at least three asset management companies to establish a mutual fund business in India and Deutsche Mutual Fund is one of them.

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