Is India a tough game for foreign mutual fund players? Sunil Subramaniam explains
Synopsis
Another international player is all set to pack their bags and leave the Indian mutual fund space as Sundaram Mutual has acquired the MF business of Principal AMC.
Another international player is all set to pack their bags and leave the Indian mutual fund space as Sundaram Mutual has acquired the MF business of Principal AMC. Sundaram Asset Management Company Limited announced on Thursday that apart from the schemes managed by Principal Asset Management, it will also acquire 100% of the share capital of Principal AMC, Principal Trustee Company Pvt Limited and Principal Retirement Advisors Pvt Ltd.