General Info

Millennium India Acquisition Company is a closed-end investment fund that is operated by SMC Group, which is one of the largest, full-service, retail financial service companies in India. SMC Group maintains operations through more than 1,330 branches in over 360 cities in India. It oversees a staff of nearly 9,000 employees and serves more than 525,000 clients. The company provides a range of investment products and services. SMC Group offers arbitrage, equity research, clearing, institutional and retail brokerage, commodity and derivative trading, and merchant and investment banking services. It also provides the distribution of mutual funds and initial public offerings. The company works in partnership with Punjab National Bank to offer online trading services for its clients. SMC Group has been ranked as one of the fastest growing retail networks by Business Sphere.