AegonPlans India MF Market Exit

Dutch financial services group,Aegon, is planning to exit India’s mutual fund industry,Economic Timesreports. The firm is in talks with capital market regulatorSecurities and Exchange Board of Indiato surrender its operation license.

Aegonhad acquired the license in October 2008 to start an asset management venture with New Delhi-basedReligare Enterprises. Aegon has not yet launched any mutual fund product in India.

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