TTD Employees Pension Fund Trust News
Trust Signs MoU with SBI Capital Markets to Manage Pension Funds
Tirumala Tirupati Devasthanams Employees Pension Fund Trust (TTD EPFT) has signed a Memorandum of Understanding (MoU) with SBI Capital Markets (SBI Caps) to manage its pension funds. The MoU was signed in the presence of TTD EPFT Chairman YV Subba Reddy and SBI Caps CEO Dinesh Kumar Khara.
Under the MoU, SBI Caps will provide investment management services to TTD EPFT, which has a corpus of over Rs 10,000 crore. SBI Caps is a leading investment manager in India with a track record of managing over Rs 2 lakh crore of assets.
Benefits of the Partnership
The partnership between TTD EPFT and SBI Caps is expected to benefit the trust in several ways:
- Improved investment returns: SBI Caps has a proven track record of generating superior investment returns for its clients.
- Reduced risk: SBI Caps has a robust risk management framework in place, which will help to protect TTD EPFT's funds from market volatility.
- Access to expert advice: SBI Caps has a team of experienced investment professionals who will provide TTD EPFT with expert advice on investment matters.
TTD EPFT Chairman YV Subba Reddy said, "We are pleased to partner with SBI Caps to manage our pension funds. SBI Caps is a leading investment manager with a strong track record. We are confident that this partnership will help us to generate superior returns for our members."
SBI Caps CEO Dinesh Kumar Khara said, "We are honored to be selected by TTD EPFT to manage their pension funds. We are committed to providing TTD EPFT with the highest level of investment management services and helping them to achieve their financial goals."
The MoU between TTD EPFT and SBI Caps is a significant development for the trust. It is expected to help TTD EPFT to improve its investment returns, reduce risk, and access expert advice. This will ultimately benefit the trust's members, who will receive better pensions in the future.
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