News: ABN AMRO Mutual launches portfolio management service

(RTR 26/09/2006) Mumbai - ABN AMRO Asset Management (India) on Tuesday launched a new portfolio management service that targets high net worth individuals.

"The 'ABN AMRO Exclusive Portfolio' will normally invest in not more than 15 stocks," senior portfolio manager Sameer Narayan said.

The minimum investment needed to avail of this service would be 5 million rupees, he added.

The fund house had 40 billion rupees of assets under management at the end of August.