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Ashika Group Moves Closer to Entering India’s Asset Management Space
Ashika Group has secured SEBI’s in-principle approval to launch a mutual fund arm. The nod enables the firm to move ahead with regulatory formalities, highlighting continued expansion in India’s competitive asset management industry.
Ashika Group has received in-principle approval from the Securities and Exchange Board of India to set up a mutual fund business. The approval marks a key regulatory milestone, allowing the financial services firm to advance plans for launching asset management offerings. The move reflects growing interest among diversified financial groups to tap long-term retail investment demand through regulated mutual fund platforms.