News From Press Four key takeaways from the Sundaram-Principal Mutual Fund deal

Four key takeaways from the Sundaram-Principal Mutual Fund deal

Investors will get a zero load exit option on merging schemes.

Business Line Jan 30, 2021

Sundaram Asset Management Co., a 100 per cent subsidiary of Sundaram Finance, on Thursday evening announced the purchase of the AMC business of Principal Asset Management for Rs 338.53 crore. The deal, struck at 4.5 per cent of the Rs 7,447-crore assets managed (AUM) by Principal, adds product and distribution muscle to Sundaram, which itself manages about Rs 40,000 crore across mutual funds, portfolio management services (PMS), alternate investment funds (AIFs), global funds and advisory mandates. With this transaction, Principal MF exits the India market two decades after setting up shop in 2000. Here are four key takeaways from the deal.

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1 Comment

Srinivasan · 3 years ago `

Please stop publishing stories,thread from Hindu Business Line. Until one agrees to subscribe,the story is not readable. If you are promoting this paper to augment your revenue,by a tieup with them, please also publish a disclaimer that readers will get access if only they pay money.

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AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

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Lead to poaching of clients

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