Ashika Group Secures SEBI In-Principle Nod for Mutual Fund Foray

Ashika Group on December 31, 2025, announced that it has received in-principle approval from the Securities and Exchange Board of India (SEBI) to act as a sponsor and set up a mutual fund business.  

The regulatory clearance allows the group to proceed with the formation of an Asset Management Company (AMC). The launch of mutual fund schemes will be subject to the fulfilment of SEBI’s final registration requirements and conditions. 

Steps Before Launch 

Following the approval, Ashika Group can begin preparatory work related to the AMC, including operational setup and regulatory processes.  

The company has not yet announced details on proposed schemes, timelines, or key appointments. These are expected to be disclosed after final approvals are received from the market regulator. 

Proposed Fund Offering 

According to the company, the proposed mutual fund house plans to offer investment schemes across multiple categories to cater to a diverse investor base.  

The offerings are expected to be supported by in-house research and risk management frameworks. The group has indicated that governance structures will be a key part of the AMC’s operating model. 

Industry Context 

India’s mutual fund industry has seen a steady rise in the number of fund houses over recent years. The sector currently has over 40 asset management companies.  

In 2025, around 5 new AMCs entered the market, including Choice, Jio BlackRock and Abakkus Mutual Fund, showing continued interest in the asset management space amid growing domestic investor participation. 

Management Statement 

Pawan Jain, Chairman and Managing Director of Ashika Group, said the approval marks an institutional milestone for the company and enables it to expand its presence in India’s asset management segment.  

He added that the group’s responsibilities as a sponsor would include a focus on research, risk management and accountability. 

Ashika Group Overview  

Founded in 1994, Ashika Group operates as a multi-disciplinary financial services firm with a presence across more than 20 states. It has a retail broking client base of over 125,000.  

Its businesses span retail and institutional broking, investment banking, research advisory, global family office services, alternative asset management, and private equity. 

Read More: India’s Mutual Fund AUM Rises by 21%, Passive Funds Drive Growth in 2025! 

Conclusion 

With SEBI’s in-principle approval in place, Ashika Group is set to enter the mutual fund segment, subject to final regulatory clearances. Further information on the AMC’s structure and product plans is expected in due course. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
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