New Delhi, Dec 31 (PTI) Ashika Group on Wednesday announced that it has received in-principle approval from the markets regulator, Sebi, to launch mutual funds.
This move allows the company to proceed with
establishing an Asset Management Company (AMC) and preparing for the launch of mutual fund schemes, subject to fulfilling Sebi's final registration requirements and conditions, Ashika Group said in a statement.
Ashika Group's foray into mutual funds builds on its experience across capital markets and financial services, including retail and Institutional broking, investment banking, research advisory, global family office services, Alternative Asset Management and Private Equity.
"The launch of Ashika Mutual Fund is a natural extension of our vision to contribute meaningfully to India's evolving asset management ecosystem," Pawan Jain, Chairman and Managing Director, Ashika Group, said.
The proposed fund house aims to offer a range of investment schemes tailored to diverse investor needs. PTI SP DRR
