 "mf, micro finance, mutual fund")
Portfolio management services (PMS) players are queuing up for a mutual fund (MF) licence with an eye on the specialised investment funds (SIFs) space.
SIFs are a new product segment within MFs that will compete with PMS and alternative investment funds (AIFs).
During the last three months, four prominent players in the PMS and AIF space — Nuvama Wealth Management, Marcellus Investment Managers, Wealth First Portfolio Managers and ASK Investment Managers — have filed applications with the Securities and Exchange Board of India (Sebi) for approvals to foray into MFs.
ASK Investment Managers has secured in-principle approval from Sebi.
“We are
