State Street eyes entry into India’s fast-growing mutual fund market

State Street Corporation is in advanced negotiations to acquire a stake in an Indian mutual fund company, signaling its intent to expand in the $900 billion Indian asset management sector. The move aligns with growing global institutional interest in India’s financial services ecosystem. A successful entry would position State Street among the few foreign asset managers with a domestic footprint. Industry experts see the deal as a strategic step to capture India’s rising household savings and increasing retail participation in capital markets.