Mumbai, June 29: ABN Amro today launched its asset management company, ABN Amro Asset Management (India) Ltd, kicking off its mutual fund business in India. With this, the Dutch major will emerge as a one-stop shop for financial services.

ABN Amro Asset Management (India) will introduce five schemes by July-end after getting approval from the Securities and Exchange Board of India (Sebi). These will include equity and debt schemes targeted at both retail and wholesale customers.

The value of assets managed by ABN Amro Asset Management from over 20 locations worldwide stood at 166 billion euros on March 31.

“The Indian market is attractive from a growth and profit perspective and we can add to it new and innovative products, fund management skills and a client-focussed approach,” ABN Asset Management global chief executive officer Huibert Bumeester said at the launching ceremony.