Nuvama Wealth Management Gains SEBI Green Light for Mutual Fund Venture
Nuvama Wealth Management Ltd has obtained approval from SEBI to initiate its mutual fund business. The company can now act as a sponsor and launch various mutual fund schemes. Final registration awaits SEBI's confirmation upon the fulfillment of necessary conditions outlined by the regulator.
- Country:
- India
Nuvama Wealth Management Ltd received pivotal approval from the Securities and Exchange Board of India (SEBI) to embark on its mutual fund venture. The markets regulator granted clearance in a letter dated October 1, 2025.
Nuvama's approval marks a significant step towards operating its mutual fund business, including Specialized Investment Fund schemes. The approval lets the company function as a sponsor and roll out diverse mutual fund programs.
However, the journey is not complete. SEBI's final nod for mutual fund registration is conditional, requiring Nuvama to meet specific criteria outlined by the regulator. This development follows the company's January announcement about its SEBI application for sponsorship approval.
(With inputs from agencies.)
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