India, July 17 -- Recently listed OnEMI, the parent company of lending tech player Kissht, has received authorisation from the Association of Mutual Funds in India for its recently incorporated wholly owned subsidiary Invincible Minds.

Receiving the AMFI Registration Number (ARN) will allow the company to act as a mutual fund distributor, with its licence valid from July 13, 2026 until July 12, 2029, according to an exchange filing.

This comes after OnEMI incorporated Invincible Minds under the group company by investing Rs.90 Cr last month. The Kissht parent had outlined in its DRHP that it will look to expand financial services offerings beyond lending.

It will now have to complete the necessary empanelment process with asset managem...