Godrej Wealth to enter mutual fund business next year, targets Rs 1 lakh crore AUM by 2031

Godrej Wealth plans to enter the asset management business next year. The company is filing for a mutual fund license and expects entry in a year. This new venture will complement its existing wealth management offerings. Godrej Wealth aims for Rs 3,000 crore AUM this financial year. The firm targets Rs 1 lakh crore AUM by 2031.