Ashika Group has received in-principle approval from the capital market regulator SEBI to act as sponsor and set up the Ashika Mutual Fund.
The approval enables the company to proceed with establishing an Asset Management Company and preparing for the launch of the mutual fund schemes, subject to meeting SEBI’s final registration requirements and conditions.
The approval is a decisive step towards Ashika’s vision of creating a future-ready asset management ecosystem anchored in disciplined investing, robust governance, and long-term wealth creation, it said.
Ashika Group’s foray into mutual funds builds on its extensive experience across capital markets and financial services, including retail and institutional broking, investment banking, research advisory, global family office services, Alternative Asset Management and Private Equity.
The proposed fund house aims to offer a thoughtfully curated range of investment schemes tailored to diverse investor needs, supported by strong research capabilities, disciplined risk management, and a governance-first approach.
Pawan Jain, Chairman & Managing Director, Ashika Group, said the launch of Ashika Mutual Fund is a natural extension of the Group’s vision to contribute meaningfully to India’s evolving asset management ecosystem.
As sponsors, the Group’s responsibility goes beyond performance — it is about creating a culture anchored in strong research, prudent risk management and unwavering accountability, with the singular objective of delivering sustainable, long-term value for investors, he said.