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Angel One AMC secures SEBI license to launch mutual fund business

Angel One AMC secures SEBI license to launch mutual fund business


Published on 2024-11-26 11:09:04 - Bill Williamson, WOPRAI
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  • Angel One Asset Management Company, a subsidiary of Angel One, has received Securities Exchange Board of India's (SEBI's) approval to operate as an asset management company. This move marks Angel One's entry into the mutual fund industry,

Angel One AMC has received a license from the Securities and Exchange Board of India (SEBI) to launch its mutual fund business, marking a significant expansion in its financial services offerings. This approval allows Angel One to enter the competitive mutual fund market, aiming to provide a diverse range of investment products tailored to meet various investor needs. The company plans to leverage its existing technology platform and extensive network to distribute these funds, enhancing accessibility for retail investors. This move is part of Angel One's broader strategy to diversify its portfolio and strengthen its position in the financial sector by offering comprehensive wealth management solutions.

Read the Full cnbctv18 Article at [ https://www.cnbctv18.com/personal-finance/angel-one-amc-secures-sebi-license-to-launch-mutual-fund-business-19515019.htm ]
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