Ashika Group receives SEBI's in-principle approval to start mutual fund business

Ashika Group today announced that it has received in-principle approval from the Securities and Exchange Board of India ( SEBI) to act as sponsor and set up Ashika Mutual Fund, marking a significant strategic milestone in its growth journey.

This approval reinforces the Group’s long-standing commitment to building institution-led, research-driven financial platforms and further strengthens its position in India’s rapidly expanding asset management landscape, according to a press release.