India, Oct. 1 -- Marcellus Investment Managers on Wednesday announced that it has received final approval from the Securities and Exchange Board of India (SEBI) to commence its mutual fund business in India.

The approval marks a significant expansion for the firm, enabling Marcellus to take its research-led, long-term investment approach beyond its existing Portfolio Management Services (PMS) and Alternative Investment Fund (AIF) offerings and make it accessible to a broader base of Indian investors.

The final approval marks the next phase in the firm's evolution since its establishment in 2018. The mutual fund platform will allow Marcellus to participate in India's rapidly expanding mutual fund ecosystem and address a much larger pool ...