Jio BlackRock Asset Management is changing its go-to-market strategy less than a year after launch. After initially selling directly and bypassing intermediaries, the JV will now distribute specialized investment funds through distributors, with plans to expand this approach to mutual fund schemes—targeting investors who prefer more guidance before committing capital.
PPFAS Asset Management has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) to become a sponsor for a pension fund under India’s National Pension System (NPS). The move potentially expands the set of players managing NPS pension funds, strengthening options for subscribers while bringing PPFAS into the regulated pension ecosystem.
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TVS Venu Group has signed definitive agreements to acquire Prudential Financial’s 100% stake in PGIM India Asset Management and PGIM India Trustees. The transaction, backed by legal advisors Khaitan & Co and Shardul Amarchand Mangaldas, is awaiting regulatory approval. PGIM India manages over Rs 30,000 crore across equity, debt, and multi-asset offerings.
Wealth First Portfolio Managers has received SEBI approval to start its mutual fund business through a new entity, Lakshya Asset Management Company, based in Ahmedabad. Lakshya AMC plans to roll out innovative investment products, backed by senior hires from Benchmark Asset Management, widely known for pioneering ETFs in India.
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