Deutsche's DWS, Nippon Life in early talks for India asset management deal

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Deutsche's DWS, Nippon Life in early talks for India asset management deal - Business Standard

Quick Summary:

Nippon Life became DWS's second-largest investor after it bought its 5 per cent stake when Deutsche Bank listed DWS in 2018.

Regulators in India at the end of last year eased rules to allow fund houses to launch passive-only funds through a spin-off entity and with easier compliance requirements as compared to fund houses who manage active funds.

Nippon Life and DWS already have a relationship in that the insurer owns 5 per cent of the German company and the two work together in areas such as distribution.