Goldman Sachs Plans To Foray Into the Mutual Fund Industry

Goldman Sachs the New York based and one of the world largest investment banking firms in the world mlls to foray into the India Mutual Fund industry. Goldman Sachs joins JP Morgan, and AIG who have already got the approval of the capital market regulator’s approval for starting their operations in India. As of 2006, the assets under management for Goldman Sachs were worth $676 billion.