Watch out for changes in style, mandate if a new fund manager takes over

Sebi's rule of one fund per category can trigger merger and reclassification of schemes after a takeover

Sanjay Kumar Singh
Last Updated at January 30, 2021 17:06 IST

savings, investment, tax, insurance, policy, Mutual fund, MF

You may have invested in a particular scheme because you liked the fund manager’s track record. Or you may have invested in it because its investment mandate fitted into your portfolio | Representational image

Sundaram Asset Management Company (AMC) has acquired the asset management business of Principal AMC. The former will acquire the schemes managed by the latter. While Sundaram’s asset under management (AUM) is over Rs 40,000 crore, Principal AMC has a total AUM of Rs 7,447 crore.

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