Benchmark AMC, founded in 2001, launched the Nifty 50 Bees ETF, and has assets worth ₹57,632 crore as of the end of February. In 2011, it was acquired by Goldman Sachs AMC. Rajan Mehta left the company, while Sanjiv Shah stayed back. However, he also departed when Goldman Sachs AMC’s India operations were taken over by Reliance Nippon Life Asset Management in 2015. Currently, all the schemes are managed under Nippon Life Asset Management.
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