Sachin Bansal’s Navi joins the Indian fintech mutual funds arms race
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At a time when fintech companies are looking to diversify their revenue streams and become bigger players in the financial services industry, Sachin Bansal-owned Navi Mutual Fund has announced the launch of Navi Nifty 50 Index Fund, its first ever mutual fund (MF) product. Wealth management unicorn Groww acquired Indiabulls AMC to enter the mutual funds market.