Global investment giant State Street Investment Management is in advanced talks to acquire a stake in an Indian mutual fund, marking its latest push to gain a foothold in the country’s rapidly growing $900 billion asset management industry, Bloomberg News reported on Tuesday.

The move would give the world’s fourth-largest asset manager, with $5 trillion in assets under management, direct access to India’s booming retail investor base — a market where foreign players have often faced challenges in distribution and regulatory navigation. Advertisement

As part of the proposed partnership, State Street plans to share its proprietary technology with the Indian asset manager to develop quantitative and data-driven investment strategies, the report stated.

Additionally, State Street intends t

See Full Page