SEBI Clears ASK Asset’s Entry Into Mutual Fund Space With Blackstone Backing

ASK Asset & Wealth Management Group has received SEBI approval to launch its mutual fund business, marking a strategic expansion backed by global investment giant Blackstone. The entry signals rising competition in India’s rapidly growing mutual fund industry.Market participants expect ASK to leverage its institutional strength, technology driven distribution, and wealth management expertise to attract retail and high net worth investors across diversified product categories.