In February 2026, ASK Asset & Wealth Management Group, a leading financial services company, received regulatory approval from the Securities and Exchange Board of India (SEBI) to start operations as an investment manager for the Mutual Fund (MF) business in India.
- This marks the 52nd fund house to join the MF business, which registered Assets Under Management (AUM) of Rs 81 lakh crore (as of January 31, 2026).
Key Details:
Background: In March 2025, ASK Asset & Wealth Management received in-principle approval from the SEBI to launch MF business.
MF: This approval allows ASK Asset & Wealth Management to formally enter the MF sector, empowering the company to design, launch, and manage MF schemes across a wide spectrum of investment products.
Expansion : The MF license will enable the ASK to expand its offering other than Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), private wealth, to investment solutions across active equity, passive strategies, hybrid and fixed income products.
Diverse Range of Investors: Also, the MF platform will help the company to cater to all investor categories i.e. from 1st-time retail investors and long-term savers to High Net Worth Individuals (HNIs) and institutional participants.
No comments yet. Be the first!