Tata Group considering bids for UTI Asset Management

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Tata Group considering bids for UTI Asset Management

Tata Group is assessing whether to bid for UTI Asset Management Company following the entry of Jio Financial Services into the mutual funds industry, according to a report by the Economic Times on Monday. The market for real estate is booming in India, with investments in bullion and real estate at a juncture.

In addition, several new, albeit smaller players such as Old Bridge Capital Management, Helios Capital, and Zerodha Fund House have entered the market.