Arihant Capital Markets gets SEBI in-principle approval for Mutual Fund

Arihant Capital Markets Ltd has received in-principle approval from SEBI to act as a sponsor and set up a mutual fund. The company will establish an Asset Management Company and a Trustee Company in compliance with SEBI regulations. Final registration as a mutual fund is contingent upon fulfilling the conditions outlined in SEBI's letter. This move signifies a strategic expansion into the asset management sector.