Niche Offerings

Sundaram AMC is unique. It is one of the few fund houses that is now headed by the owner. It was launched in 1997 as a joint venture between Sundaram Finance and Stewart Newton Holdings (Mauritius), a subsidiary of the UK-based Newton Investment Management. In 2001, the fund house underwent a change in partnership with Newton's exit because of global re-alignment when Newton was bought by US-based Mellon Financial Corporation. Sundaram bought Newton's stake in 2003. In 2005, the AMC went in for a new partnership with BNP Paribas Asset Management which picked up 49.90 per cent stake, when the AMC was renamed Sundaram BNP Paribas AMC. Global re-alignment in 2010 resulted in BNP Paribas exiting the venture, leaving Sundaram on its own.

This article was originally published on January 03, 2013.