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Principal PNB to focus on southern states

CHENNAI: Principal PNB Asset Management Company expects to double assets under its management to Rs. 14,000 crore by the end of this year. It is planning to launch three new schemes in the next quarter, according to Sanjay Sachdev, Managing Director and CEO. Speaking to The Hindu on Monday, Mr. Sachdev said the company was growing rapidly with an investor base of 4.75 lakh. The focus was on four southern States which contributed 40 per cent of its total business.

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