Arihant Capital Markets Receives SEBI Approval to Enter Mutual Fund Business

Arihant Capital Markets Ltd has received in-principle approval from the Securities and Exchange Board of India (SEBI) to act as a sponsor and set up its own mutual fund business, as per news reports. 

The company will now proceed with plans to establish an Asset Management Company (AMC) and a Trustee Company. The next steps will be subject to the applicable regulatory requirements. 

Plans for Mutual Fund Operations 

Arihant Capital said its proposed mutual fund business will offer investment products for people with different financial requirements and investment goals. The company also plans to focus on disciplined investing and make mutual fund investments more accessible. 

Ashok Kumar Jain, Chairman of Arihant Capital Markets, said the company was established with the aim of making Indians financially independent. He said mutual funds would allow investors to participate in financial markets without having to deal with the complexities of investing directly. 

CEO and Joint Managing Director Arpit Jain said the company intends to use its research capabilities and experience of different market cycles in developing investment products. He added that the proposed business would extend the company's existing operations to a wider investor base. 

Arihant Capital's Business Operations 

Founded in 1992, Arihant Capital Markets operates across several segments of the financial services industry. Its businesses include stockbroking, wealth management, depository services, portfolio management, merchant banking and research. 

The company has a presence in more than 300 cities through a network of over 800 investment centres. During its operations spanning more than three decades, it has witnessed several market events, including speculative bubbles, global financial crises and economic disruptions. 

India's Mutual Fund Industry 

As of September 2026, India had 57 mutual fund houses managing assets worth more than ₹87 lakh crore. Arihant Capital's proposed entry comes as it looks to expand beyond its existing financial services businesses. 

Read More: Large Mutual Funds Commission Payouts Rise to ₹16,551 Crore in FY26! 

Conclusion 

Arihant Capital Markets will have to complete the required regulatory formalities before commencing its mutual fund operations. The in-principle approval marks the first step towards establishing its asset management business. 

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