New Launch1 Oct 2025, 07:51 pm
Nuvama Wealth Management Ltd Receives SEBI Approval to Act as Sponsor for Nuvama Mutual Fund
AI Summary
Nuvama Wealth Management Ltd has received approval from the Securities and Exchange Board of India (SEBI) to act as the sponsor for Nuvama Mutual Fund. This approval allows the company to launch schemes under the Mutual Fund, including the Specialized Investment Fund category, in accordance with the SEBI (Mutual Funds) Regulations, 1996. The final registration of the Mutual Fund will be granted by SEBI subject to the company fulfilling the necessary requirements.
Key Highlights
- Nuvama Wealth Management Ltd receives approval from SEBI to act as the sponsor for Nuvama Mutual Fund
- Company can now launch schemes under Mutual Fund, including Specialized Investment Fund category
- Approval granted in accordance with SEBI (Mutual Funds) Regulations, 1996
- Final registration of Mutual Fund subject to company fulfilling necessary requirements