Angel One Ventures into Mutual Fund Business with SEBI Approval

Angel One Limited informed the exchanges that the company’s wholly owned subsidiary Angel One Asset Management Company Ltd, has received approval from the Securities and Exchange Board of India (SEBI) to operate as the asset management company for Angel One Mutual Fund. This significant milestone marks Angel One’s foray into the asset management industry, with a clear focus on offering passive investment solutions.

Angel One Mutual Fund

Angel One Mutual Fund aims to cater to the evolving needs of investors by introducing passive investment products such as Index Funds and Exchange Traded Funds (ETFs). These products are designed to provide clients with a low-cost, transparent, and accessible route to wealth creation. Passive investing, which involves replicating the performance of specific indices or benchmarks, has been gaining popularity for its simplicity and cost-effectiveness.

Commenting on the approval, the Chairman and Managing Director of Angel One Limited, Mr Dinesh Thakkar, said, “We are thrilled to receive SEBI’s approval for commencing our mutual fund business, signifying a pivotal moment in our journey. This license enables us to augment our offerings and better serve our clients. With a robust technological infrastructure and a deep understanding of client needs, we are poised to transform the passive investing space in India.”

He further added, “Our focus on passive investing through ETF & Index Fund products reflects our commitment to making financial products more accessible, affordable and transparent for all. We believe this will empower a new generation of investors and enable them to participate in India’s growth story. We are excited about the opportunities ahead and look forward to helping our clients achieve their financial goals.”

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.