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Global Giant State Street Corporation in Advanced Talks to Buy Stake in Indian Mutual-Fund House
State Street eyes stake in Indian mutual-fund house to access the large and growing Indian AUM market.
State Street is reportedly in advanced negotiations to acquire a significant stake in an Indian mutual-fund company, seeking to tap India’s fast-growing ~US$900 billion asset-management market. The move signals a stronger push by global asset-managers to build a presence in India’s retail investing ecosystem. Industry experts say such a deal could accelerate foreign capital flows and deepen product innovation in the Indian mutual-fund space.