Much to Prove

This one has had a colourful history of ownership. It started off as ANZ Grindlays Mutual Fund in 2000 and was renamed Standard Chartered Mutual Fund after the takeover of Grindlays Bank by Standard Chartered Bank. This year, the AMC was sold to Infrastructure Development Finance Company Limited (IDFC) for approx $205 million, a high price indeed.

This article was originally published on December 09, 2008.