Vanguard, Nippon India, Axis Bank in race for IDFC mutual fund business: Report – CNBCTV18 – DC Initiative on Racial Equity
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The race for the mutual fund business of IDFC Ltd is heating up as frontrunners have started emerging from the 15 entities vying to purchase the business. On the top is the legendary asset management company Vanguard Group while Nippon Life India Asset Management and Axis Asset Management are also in the running, reported Mint. The potential deal for IDFC’s mutual fund business could be worth between Rs 7


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