JPMorgan Asset Management is considering a sale of its mutual fund business in India, which has over INR140bn ($2.2bn) in assets under management.
The American fund house has already started discussions for offloading its mutual fund operations in the country, according to Indian news agency PTI.
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In February 2007, the company secured go-ahead from Indian capital markets regulator SEBI to start mutual fund unit in India.
India has seen exit of three foreign fund players since December 2013, namely Morgan Stanley, ING and PineBridge.
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