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Nuvama Secures Mutual Fund License
10 Jun
Summary
- Nuvama Asset Management received final approval from Sebi to start mutual fund operations.
- The company plans to launch Specialised Investment Funds first, then broader mutual fund products.
- Nuvama managed over ₹4.5 trillion in client assets as of March 2026.
Nuvama Asset Management has obtained the final approval from Sebi to commence mutual fund operations. This significant development empowers the company to establish its mutual fund business and broaden its asset management services.
Initially, Nuvama Asset Management plans to seek regulatory approval for investment products under the Specialised Investment Fund (SIF) framework. Subsequently, a wider array of mutual fund products will be introduced over time, catering to diverse investor segments.
This approval reinforces Nuvama's standing as a comprehensive wealth and asset management platform. The company aims to leverage its expertise in managing differentiated public market strategies, starting with Specialised Investment Funds.
As of March 2026, Nuvama managed substantial client assets exceeding ₹4.5 trillion. It served over 1.3 million affluent clients and more than 4,750 wealthy families across India. Its alternative asset management division held over ₹12,500 crore in client assets.
Nuvama enters the mutual fund industry as it crosses the ₹80 lakh crore asset mark. This growth is driven by increasing retail participation, heightened financial awareness, and the rising popularity of systematic investment plans (SIPs).
