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IndusInd Bank promoter IndusInd International Holdings and US-based Invesco on Sunday announced that they have completed the formation of their asset management joint venture, following IIHL's acquisition of a 60 per cent ownership stake in Invesco Asset Management India. Following all regulatory approvals and closing conditions, Invesco Ltd, with the remaining 40 per cent stake, will hold joint sponsor status with the Hinduja Group firm IndusInd International Holdings Ltd (IIHL) in the asset management company, a joint statement said. As of September 2025, Invesco Asset Management India (IAMI) is the 16th largest domestic asset manager in India, with combined onshore and offshore (through advisory) average assets under management of Rs 1,48,358 crore for the quarter ending September 2025 and a presence in 40 cities across the country. Both partners contribute their respective strengths to the joint venture (JV), with Invesco offering its global investment management expertise and .
Choice Mutual Fund on Friday announced the launch of its gold ETF providing investors an affordable and secure avenue to gain exposure to the yellow metal. The new fund offer will remain open till October 31. The Choice gold Exchange Traded Fund (ETF) will provide investors a simple, secure and liquid route to tap the yellow metal's long- term growth potential, Choice Mutual Fund (MF) said in a statement. The open-ended scheme seeks to generate returns in line with domestic gold prices and offers a liquid alternative to physical gold. The minimum investment during the NFO is Rs 1,000, and the fund will be listed on the BSE and NSE within a week of closure, it added. "Gold ETF investors carry no risk of physical storage, but the instrument offers the same market value and growth potential of physical gold. "In an era of geopolitical tensions and economic uncertainty, it is one of the best asset classes that ensures safety for one's money and has potential to provide long term return
Financial services company Nuvama Wealth Management Ltd has secured approval from markets regulator Sebi to set up its proposed mutual fund business. In a stock exchange filing, Nuvama Wealth Management informed that "Sebi vide a letter dated October 1, 2025, has granted approval to the company to act as the sponsor and set up the proposed Nuvama Mutual Fund". This will enable Nuvama Wealth Management to launch schemes under mutual fund including Specialized Investment Fund category. The final approval for registration of mutual fund will be granted by Sebi subject to fulfilment of certain requirements by the company. In January, the company had informed stock exchanges regarding the application to be made to Securities and Exchange Board of India (Sebi) seeking approval to act as the sponsor for Nuvama Mutual Fund.