The Securities and Exchange Board of India (Sebi) has granted approval to Nuvama Asset Management Company to launch its mutual fund operations, marking a significant expansion of the company’s financial services footprint. The move enables Nuvama to offer a range of mutual fund products across equity, debt, and hybrid categories, targeting both retail and institutional investors. Industry analysts note that the entry of Nuvama could intensify competition, foster innovation in fund offerings, and broaden investor choice.
