Blackstone-backed ASK Asset & Wealth Management gets SEBI approval for mutual fund business

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Blackstone-backed ASK Asset & Wealth Management gets SEBI approval for mutual fund business

//business-finance.news-articles.net/content/202 .. gets-sebi-approval-for-mutual-fund-business.html

Published in Business and Finance on Friday, March 28th 2025 at 5:01 GMT by cnbctv18
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

ASK Asset & Wealth Management Group has received an In-Principle Approval (IPA) from the Securities and Exchange Board of India (SEBI) to launch its mutual fund business. The Blackstone-backed firm plans to offer research-driven investment solutions for Indian investors.

Blackstone-backed ASK Asset & Wealth Management has received approval from the Securities and Exchange Board of India (SEBI) to enter the mutual fund business. This approval allows ASK to launch its first mutual fund scheme, marking its entry into the Rs 50 trillion Indian mutual fund industry. The company, which has been managing assets worth over Rs 10,000 crore, aims to leverage its expertise in alternative investments to offer new investment products. This move is part of ASK's broader strategy to diversify its offerings and tap into the growing retail investor market in India.

Read the Full CNBCTV18 Article at:
[ https://www.cnbctv18.com/personal-finance/blackstone-backed-ask-asset-wealth-management-gets-sebi-approval-mutual-fund-business-19581090.htm ]

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