MF News Choice Wealth acquires MF distribution arm of Bank Bazaar

Choice Wealth acquires MF distribution arm of Bank Bazaar

Choice Wealth Management runs Investica, an online MF distribution company.

Team Cafemutual Oct 13, 2020

Choice Wealth Management has acquired the mutual fund distribution arm of Bank Bazaar, said the corporate disclosure in BSE.

Officials of both the companies did not disclose the deal size; however, sources have confirmed that it was not so substantial.

Bank Bazaar had forayed into online mutual fund distribution space in 2016.

Choice Wealth Management runs an online MF distribution platform Investica since 2017.

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