Future Group to launch financial supermarket, Money Bazaar

Retailers in India are now planning to add financial products and services to their kitty of offerings. The Future Group is launching a financial supermarket called Money Bazaar, through its arm Future Capital, in the next couple of months. There will be 400-500 stores opened in the initial phase for which the company has set a target of Rs 40,000-50,000 crore over the next five years. Described as the Big Bazaar of financial services and products, Money Bazaar will reach out to new consumers for a variety of products such as mortgages, insurance and mutual funds. It is not yet decided if the stores would be standalone or in kiosk format.