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Sundaram AMC to take over Principal Mutual Fund in India Tag

Daily Market Analysis

Daily Market Analysis – 29th Jan 2021

byLaxmi GuptaJanuary 29, 2021

Sundaram AMC to take over Principal Mutual Fund in India: Sundaram Asset Management Company Limited has announced the purchase of the asset management businesses of Principal Asset Management Pvt. Ltd. Sundaram will acquire the schemes managed by Principal Asset Management and acquire 100% of the share capital of Principal AMC. Sundaram Mutual has over Rs 40,000 crores in assets under...