State Street, smallcase to enhance investment access in India

SSGA will use smallcase’s technology to distribute its SPDR ETFs, broadening investment options for Indian investors. Credit: EyeofPaul/Shutterstock.

State Street’s asset management division State Street Global Advisors (SSGA) has established a strategic partnership with smallcase, a platform for model portfolios in India.

The strategic partnership will provide SSGA with a distribution opportunity for its SPDR ETFs by being featured on smallcase’s platform technology to widen access for investors in India seeking investment exposures globally.

On the other hand, SSGA will provide strategic support as smallcase looks at global expansion and find ways in which State Street Corporation’s global wealth services can advance that growth.

SSGA CEO Yie-Hsin Hung said: “India remains a priority market for SSGA, and we are impressed by the innovation smallcase brings to the investment ecosystem.

“This relationship and investment aligns with our strategy of collaborating with leading wealth technology firms to enhance investor ease of access, choice and experience.”

Founded in 2015 and based in Bangalore, smallcase has facilitated over $16bn in transactions since its inception.

The platform allows individual investors to access curated portfolios, known as “smallcases,” which consist of stocks and ETFs.

In 2023, smallcase expanded its offerings by entering the asset management sector, focusing on index funds and ETFs as India’s only passive-only fund house.

smallcase co-founder and CEO Vasanth Kamath said: “Our new strategic relationship with State Street Global Advisors marks a significant milestone in our journey to offer global equities exposure to our users.

“SSGA’s deep expertise, strong track record, and global reach make this collaboration a crucial step in our expansion into the international wealth marketplace.”

This partnership comes after SSGA recently participated in smallcase’s $50m Series D funding round. For SSGA, this marks its first investment in the growing Indian asset and wealth management market.

State Street Global Advisors serves various clients, including governments, institutions and financial advisors. The company oversees approximately $4.67tn in assets.

Last month, State Street reported a net income of $644m for Q1 2025, marking a 39% increase from $463m in the same quarter of last year.

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