The move comes as Chinese insurers seek to invest abroad amid sluggish economic growth across several sectors back home.
Goldman Sachs is the sixth foreign company to exit the Indian mutual funds market since 2013.
The firm reported a net income of $1.02 billion, or 48 cents a share, in the third quarter. Analysts had expected earnings of 62 cents a share.
A controversy over alleged corruption also could lead to a black eye for Goldman Sachs Group Inc., which had dealings with the government-owned 1Malaysia Development Berhad.
Goldman Sachs, JPMorgan and other major lenders reported dampened revenues after a quarter marked by global market volatility.
The bank has been a consultant to Malaysian state fund 1MDB, which is embroiled in a corruption scandal linked to Prime Minister Najib Razak.
Goldman Sachs researchers say declining labor force participation will continue to depress the unemployment rate.
The financial sector is still waiting to benefit from a U.S. Federal Reserve interest rate hike this year.
Asian markets opened higher Monday as investors focused attention on quarterly results. The biggest U.S. banks were scheduled to issue results this week.
Six of the top financial institutions in the U.S. together used nearly 400 recognized tax havens in 2014. Their offshore cash totaled $126 billion.
A number of the biggest donors to Jeb Bush’s campaign and to his super political action committee, Right to Rise, would benefit significantly from his proposed energy plan.
In addition to China’s economic slowdown, Goldman Sachs also cited declining global oil prices for the downward projection in its revised prediction.
Goldman Sachs CEO Lloyd Blankfein announced Tuesday that he has cancer, illustrating a shift in the debate over whether details of a chief exec's health are public or private.
"Late this summer after several weeks of not feeling well, I underwent a series of tests, which culminated in a biopsy last week."
Market volatility is usually a treat for Wall Street. So why are executives like Bank of America CEO Brian Moynihan bemoaning weak trading-desk revenues?
Social media has become a large part of the investment firm's strategy to recruit millennials.
Executives at AMC and SNI are among those downplaying recent pay-TV subscriber losses at a New York conference this week.
“They don’t have a lot of experience in this market stuff,” Lloyd Blankfein said.
Google and Goldman Sachs are among the large corporations stepping in with donations during Europe's refugee crisis.
New York's top financial watchdog joined an inquiry into potential wrongdoing into U.S. Treasurys, the world's most actively traded market.
Uber needs its deep pockets to fight litigation at home and in emerging markets, as ridesharing services clash with conventional taxis.
The Democratic presidential front-runner backs ending bonuses for bankers who join government, even though top staffers from her State Department tenure received them.