New Delhi, Nov. 5 -- Mumbai (Maharashtra) [India], November 5: Neo Group has announced the launch of Neo Mutual Fund, marking its entry into India's retail mutual fund industry as the financial services group looks to expand its asset management business and reach a wider investor base.

The new business will be led by Ashutosh Bhargava, a seasoned investment professional and former senior executive at Nippon India Mutual Fund. It will operate with its own investment management, product development and distribution capabilities. Bhargava is a firm believer in evidence-based investing, and in his previous role was instrumental in building systems and processes around investment frameworks.

The launch marks a significant step for Neo Group...