SynopsisState Street Investment Management has completed its $65 million investment in Groww Asset Management, acquiring a 23% stake after regulatory approvals. The partnership will focus on product development, distribution and global market access, including index funds and exchange-traded funds. Groww is also expanding into wealth management and overseas investment opportunities.Global asset manager State Street Investment Management has completed a $65 million — about Rs 580 crore — investment in Groww Asset Management Company, picking up a 23% stake in the mutual fund arm of listed investment platform Groww.The transaction, first announced in January, was completed after regulatory approvals, Groww said on Monday. State Street will have voting rights of 4.85% in Groww AMC, the company said.Of the Rs 580-croreNow Playing