Sebi nod to Nuvama’s mutual fund entry, approves role as sponsor

Nuvama Wealth Management secured Sebi approval for its mutual fund business. This enables Nuvama to establish the proposed Nuvama Mutual Fund. The company can now launch various investment schemes. This includes Specialized Investment Funds. Final registration depends on fulfilling Sebi requirements. Nuvama had applied for this sponsor approval in January.

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