Ashika Group has received in-principle approval from the market regulator, Securities and Exchange Board of India (SEBI), to act as a sponsor and set up the Ashika Mutual Fund.
With the approval, Ashika Group can establish an Asset Management Company (AMC) and prepare for the launch of the mutual fund schemes, subject to fulfilling SEBI’s final registration requirements and conditions.
Ashika Group’s foray into mutual funds builds on its extensive experience across capital markets and financial services, including retail & Institutional broking, investment banking, research advisory, global family office services, Alternative Asset Management and Private Equity.
The proposed fund house aims to offer a thoughtfully curated range of investment schemes tailored to diverse investor needs, supported by strong research capabilities, disciplined risk management, and a governance-first approach.
Pawan Jain, Chairman & Managing Director, Ashika Group, said, “We are honoured to receive SEBI’s in-principle approval, which marks an important institutional milestone for Ashika Group and reinforces our long-standing belief in building enduring, governance-led financial platforms. The launch of Ashika Mutual Fund is a natural extension of our vision to contribute meaningfully to India’s evolving asset management ecosystem. As sponsors, our responsibility goes beyond performance, it is about creating a culture anchored in strong research, prudent risk management, and unwavering accountability, with the singular objective of delivering sustainable, long-term value for investors.”
Established in 1994, Ashika Group has evolved into a premier multi-disciplinary financial platform, leveraging a three-decade legacy to bridge Indian markets with global opportunities. With a robust presence across 20+ states and retail broking clients exceeding 125,000, the Group empowers a diverse spectrum of investors from retail individuals and HNIs to large corporates.
