The Indian mutual fund industry is not clear of challenges, but that's not keeping foreign players at bay, report CNBC-TV18's Mitra joshi and Priyanka Ghosh.
In an interview with CNBC-TV18, Sanjiv Shah, ED of Benchmark Asset Management said, "We believe with the Goldman franchise, we can really take the ETF business to a much greater scale."
Goldman Sachs has confirmed that it is going to buy out Benchmark AMC, reports Vidhi Godiawala, reports CNBC-TV18. The deal is valued at Rs 120-130 crore or 4-4.5% of assets under management (AUM).