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State Street in Talks to Acquire Stake in Indian Mutual Fund House
State Street eyes stake in Indian mutual funds house to access India’s growing AUM pool.
Major U.S. asset manager State Street Corporation is reportedly in discussions to acquire a significant stake in an Indian mutual fund firm, aiming to tap into India’s ~$900 billion fund industry. The deal would mark a strategic push by foreign players into India’s growing asset-management sector amid rising investor participation and regulatory openness. Industry sources say the acquisition could accelerate cross-border capital flows and deepen product offerings for Indian investors. Fund houses are now evaluating structural changes to support more global partnerships.