Ashika’s Fund Run Gets SEBI’s Nod

MUMBAI: Money matters are rarely poetic, but this one comes with a decisive stamp of approval. Ashika Group has received in-principle clearance from Securities and Exchange Board of India (SEBI) to sponsor and set up Ashika Mutual Fund, marking a major strategic milestone in the group’s growth journey.

The approval allows Ashika to move ahead with establishing an Asset Management Company (AMC) and preparing for the launch of its mutual fund schemes, subject to meeting SEBI’s final registration conditions. It is a significant step towards the group’s ambition to build a future-ready asset management platform rooted in disciplined investing, robust governance and long-term wealth creation.

Ashika’s entry into the mutual fund space builds on its deep experience across capital markets and financial services, spanning retail and institutional broking, investment banking, research advisory, global family office services, alternative asset management and private equity. The proposed fund house plans to roll out a carefully curated suite of investment schemes designed to cater to varied investor profiles, supported by strong in-house research, structured risk management and a governance-first approach.

Commenting on the development, Ashika Group chairman and managing director Pawan Jain said the approval marks an important institutional moment for the organisation. He noted that the move reflects Ashika’s long-standing belief in building enduring, research-led financial platforms, adding that the group’s responsibility as a sponsor extends beyond performance to creating a culture anchored in accountability, prudence and sustainable long-term value for investors.

With SEBI’s in-principle nod now in place, Ashika Group joins a growing list of diversified financial services players eyeing India’s expanding asset management opportunity, as the mutual fund industry continues to attract new investors and fresh capital across market cycles.