Goldman to Open Fund Business in India

Goldman Sachs is planning to open a mutual fund business in India, where the industry has been growing exponentially in recent years, Reuters reports.

If so, it will join a number of other global firms that have recently set up shop in India, including American International Group and JPMorgan.

Assets in mutual funds in India rose 62% last year to $77 billion, according to the Association of Mutual Funds in India.

For reprint and licensing requests for this article, click here.
Money Management Executive
MORE FROM FINANCIAL PLANNING