State Street Backs Groww AMC to Transform Investing in India
This partnership marks a significant step in State Street Investment Management’s commitment to democratizing investing. The investment will enable State Street Investment Management to strengthen its presence in one of the world’s most promising markets while also enabling the delivery of Indian-focused investment strategies to its clients globally.
“India stands out as a market of immense opportunity, with a rising middle class, favorable demographics, and a rapid shift toward embracing modern investment products,” said Yie-Hsin Hung, chief executive officer of State Street Investment Management. “Groww AMC is at the forefront of this transformation, making investment exposures accessible to millions of individuals and capturing a significant share of the growing domestic wealth market. Our partnership with Groww AMC allows us to participate directly in the growth of India’s domestic asset management market, deliver a range of investment exposures to a broader population, and build a pipeline of Indian exposures for global distribution.”
“State Street Investment Management is one of the world’s largest asset managers, and we are delighted to welcome them as an investor and strategic partner in Groww AMC,” said Harsh Jain, co-founder and COO, Groww.
“This partnership will enable us to bring global best practices and sophisticated investment products to Indian investors, strengthening our long-term commitment to building a world-class asset management platform in India,” Jain added.
This strategic partnership with Groww AMC complements State Street Investment Management’s recent equity investments and product collaborations. These alliances enable State Street Investment Management to reach new investors, add investment capabilities, create innovative products, and reinforce its commitment to broadening access and delivering solutions to all types of investors.
About State Street Investment Management
At State Street Investment Management, we have been helping create better outcomes for institutions, financial intermediaries, and investors for nearly half a century. Starting with our early innovations in indexing and ETFs, our rigorous approach continues to be driven by market-tested expertise and a relentless commitment to those we serve. With over
*This figure is presented as of September 30, 2025, and includes ETF AUM of
© 2026 State Street Corporation
Important Risk Information
Investing involves risk including the risk of loss of principal.
Past performance is not a reliable indicator of future performance.
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.
All information is from SSGA unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.
8711376.1.1.GBL.RTL
Exp. Date: 31/1/2027
View source version on businesswire.com: https://www.businesswire.com/news/home/20260114109950/en/
Media Contacts
Kate Cheung (APAC)
+852 3556 1103
Kate.cheung@statestreet.com
Source: State Street Corporation
