Badrish Kulhalli

HDFC Life Insurance Co. Ltd. (Investment Portfolio) (HDFC Life-IP) is the investment management division of HDFC Life Insurance Co. Ltd. (NSE: HDFCLIFE), a long-term life insurance provider headquartered in Mumbai, India. They are ultimately owned by HDFC Bank Ltd. (NSE: HDFCBANK). Formerly known as HDFC Standard Life Insurance Co. Ltd., the firm was founded in 2000 as a joint venture between India's Housing Development Finance Corporation Ltd. and Standard Life Plc in Great Britain. HDFC Life-IP manages their parent firm's portfolio of investments.

Principal PNB Asset Management Co. Pvt Ltd. (Principal PNB) is the India-based fund management joint venture sponsored by Principal Financial Services Inc. USA through their wholly-owned subsidiary Principal Financial Group (Mauritius) Ltd. and Punjab National Bank. Founded in 1994, Principal PNB is the investment manager for Principal Mutual Fund. They were the first private sector company to work with the Department of Postal Services to sell mutual funds through the postal network. Headquartered in Mumbai, India, with investor centers throughout the country, the firm manages funds for private, corporate and institutional clients.