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IIHL Takes 60% of Invesco Asset Management India as Joint Venture Closes

The partners plan to use IIHL's nationwide distribution to broaden offerings for new investors.

Overview

  • Both companies will serve as joint sponsors under Indian regulations, with Invesco retaining a 40% stake.
  • IAMI will continue under CEO Saurabh Nanavati with its existing research-driven investment approach and client-service focus.
  • The venture targets deeper reach in Tier 2 and Tier 3 markets while expanding via GIFT City, SIFs, passive products and digital channels.
  • IIHL contributes more than 11,000 distribution touchpoints serving 45 million customers, with potential access to another 50 million through associates.
  • IAMI is India’s 16th-largest asset manager with average AUM of INR 148,358 crore for the quarter ending September 2025, serving 2.9 million retail folios through 48,000 distributors in 40 cities.