Ashika Group approved by SEBI to launch mutual funds

Ashika Group has recently received in-principle approval from the Securities and Exchange Board of India (SEBI) to establish and sponsor Ashika Mutual Fund. This significant regulatory milestone paves the way for the company to move forward with setting up an Asset Management Company (AMC) and gearing up for the launch of mutual fund schemes, pending full compliance with SEBI’s registration requirements and criteria.

The Ashika Group, which currently operates broking and AIF businesses, has a wealth of experience in capital markets and financial services, spanning retail and institutional broking, investment banking, research advisory, global family office services, AIF, and private equity. Pawan Jain, the Chairman and Managing Director of Ashika Group, expressed gratitude for receiving SEBI’s in-principle approval, emphasizing its importance as a significant institutional landmark for the group. Jain highlighted the group’s commitment to establishing robust, governance-led financial platforms while aiming to contribute meaningfully to India’s asset management ecosystem through the introduction of Ashika Mutual Fund.

Jain underscored that as sponsors, their duties extend beyond mere performance metrics. Instead, they prioritize fostering a culture grounded in thorough research, sound risk management practices, and unwavering accountability. Their core objective revolves around delivering sustainable, long-term value to investors. The approval from SEBI signifies an affirmation of Ashika Group’s dedication to building enduring financial avenues that prioritize governance and sustainability in the asset management sector.

The establishment of Ashika Mutual Fund represents a natural extension of the group’s vision and commitment to playing a vital role in shaping India’s evolving financial landscape. The group’s ethos revolves around creating a robust research-driven framework, coupled with diligent risk management practices, to ensure long-term value creation for investors. By emphasizing strong governance principles and unwavering accountability, Ashika Group aims to deliver consistent value and uphold the trust placed in them by investors.

In conclusion, Ashika Group’s receipt of in-principle approval from SEBI to set up Ashika Mutual Fund marks a pivotal milestone in their journey towards contributing to India’s asset management sector. With a focus on research, risk management, and sustainable long-term growth, the group is poised to provide investors with a reliable platform for value creation and wealth preservation.