Nuvama receives final SEBI approval to launch Mutual Fund Business
Nuvama Wealth Management Limited, announced that it has received the final approval from the Securities and Exchange Board of India (SEBI) to commence mutual fund operations through its asset management arm, Nuvama Asset Management Limited (“AMC”). The approval marks an important milestone in Nuvama's journey to build a scaled asset management franchise. As the next step, the AMC will seek necessary approvals to launch investment products under the Specialized Investment Fund (SIF) framework, followed by a broader range of mutual fund offerings over time. This development further strengthens Nuvama's position as an integrated wealth and asset management platform and expands its ability to deliver differentiated investment solutions across investor segments. Since its inception, Nuvama has built one of India's most trusted and scaled wealth management platforms, currently managing total client assets of over ₹4.5 trillion (as of March 2026) and serving more than 1.3 mi...