2021 on WebNoteshttps://v2.webnotes.in/tags/2021/Recent content in 2021 on WebNotesHugoen-INTue, 12 May 2026 00:00:00 +0000Sundaram acquisition of Principal Mutual Fund (2021)https://v2.webnotes.in/sundaram-principal-mf-acquisition-2021/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/sundaram-principal-mf-acquisition-2021/<p>The <strong>Sundaram Asset Management Company acquisition of Principal Asset Management (India) Private Limited</strong> in 2021 represented the exit of the US-headquartered Principal Financial Group from its Indian mutual fund joint venture and the absorption of its approximately Rs 6,800 crore AUM into the Sundaram Mutual Fund franchise. The acquisition, announced in April 2021 and completed later that year, was one of several AMC consolidation transactions in the 2019 to 2022 wave that reshaped the composition of the Indian asset management landscape by eliminating sub-scale standalone AMC entities.</p>