 "MF players seek Sebi approval for a range of passively managed funds")
Samco Securities has recently got the in-principle nod from the Securities and Exchange Board of India (Sebi) to start its own mutual fund (MF) business.
"The MF business is part of our strategy to expand our offerings. While it is still early days, but we would like to be equity-focused and most likely build a business around actively-managed schemes. We may also look at acquisition opportunities in the MF space," said Jimeet Modi, founder and chief executive officer of Samco Securities.
On Wednesday, Samco Securities launched the 'SmartSIP' option on its Rank MF platform. By opting for 'SmartSIP', MF investors
