This is to share an important update with you Sebi (Securities and Exchange Board of India) has approved Unifi Capital for a mutual fund foray. Yes, you heard it right, an in-principal approval has been given to Unifi Capital. Since Unifi Capital got in-principal approval for MF business, Unifi Capital has been the talk of the town. Unifi Capital which has been working as a portfolio manager since 2001 has now got a nod for Mutual Fund business by the Securities and Exchange Board of India. In the following sections, we have explored the details of this development in the market which you must know. Stick with this page and go through this article till the end. Scroll down.
As mentioned, Unifi Capital has been working as a portfolio management company for more than two decades since 2001, the company currently manages more than Rs 20,000 crore of about 10,000 portfolio management services and alternative investment funds. But now, Unifi Capital has an in-principal approval of SEBI to enter the mutual fund foray. After this notable achievement, the founder of Unifi Capital Sarath Reddy expressed his gratitude and happiness. Drag down the page to read what Reddy said about getting approval from the Securities and Exchange Board of India.
Sarath Reddy added, “Within the regulatory framework, we have more than enough space to offer differentiated investment strategies that mutual fund investors are yet to be served,” Speaking of Bajaj Finserv MF, the company recently formed Bajaj Finserv Asset Management which launched a BAF (Balanced Advantage Fund) scheme to dynamically invest in debt and equity. Kindly note that the NFO (new fund offer) for the scheme opened on November 24 and will end on December 8. Shift to the next section and unfold more details.
The Chief Executive Officer of Bajaj Finserv Asset Management which is a full subsidiary of Bajaj Finserv, Ganesh Mohan said that Bajaj Finserv Asset Management made the newest entry. He further added that the company’s BAF is an example of their approach. While hailing the company’s effort, Mohan said, “Given that we are a new entrant, we have the opportunity of looking at things afresh. Our BAF is yet another example of that approach. Here, both behavioral sciences and financial insights are ‘balanced’, to help us make our investment decisions,” Stay tuned to this website for more details and further updates.