Choice International has entered into definitive agreements to acquire the distribution business of the Fintoo Group, which includes the distribution of Wealth Products currently operated under Mihika Financial Services Private Limited and Mihika Insurance Marketing Firm LLP. Fintoo Group manage AUM of approximately ₹300 crores.
Choice has also acquired the distribution business of Glory Prime Wealth Private Limited, a Pune-based wealth products distributor managing an AUM of ₹210 crores.
A strategic business association with four mutual fund distributors based in Himachal Pradesh, under which they have merged their wealth management business with Choice, contributing an additional AUM of ₹125 crores
