India, June 10 -- Nuvama Wealth Management Limited has received final approval from the Securities and Exchange Board of India (SEBI) to commence mutual fund operations through its wholly owned asset management subsidiary, Nuvama Asset Management Limited.
The approval marks a significant milestone in Nuvama's strategy to build a comprehensive asset management franchise and further strengthen its integrated wealth and investment platform.
As part of its phased expansion plans, the company will initially seek regulatory approvals to launch products under SEBI's Specialized Investment Fund (SIF) framework. Over time, Nuvama intends to expand its product suite with a broader range of mutual fund offerings catering to diverse investor needs.
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