India, March 10 -- Asset management company DSP Asset Managers has acquired Bengaluru-based fintechstartup Volt Money that offers loans against mutual funds.

The fintech startup looks at this acquisition as a growth catalyst for its platform, with both DSP and Volt Money recognizing significant potential in the mutual fund space, sources close to the matter told Inc42.

"DSP asset managers were shareholders of Volt Money and they were privy to the company's numbers, so they proposed the acquisition deal," the source said.

Entrackr reported the development first.

DSP Asset Management is an investment management firm, offering a range of financial products including mutual funds, portfolio management services, and wealth management solut...