Nuvama Wealth Management Limited has announced the receipt of final approval from the Securities and Exchange Board of India (SEBI) to launch its mutual fund operations.
This approval allows Nuvama to expand its asset management services through its subsidiary, Nuvama Asset Management Limited.
On June 10, 2026, Nuvama Wealth Management Limited revealed that SEBI has granted them the necessary certification to commence mutual fund operations.
Nuvama Asset Management Limited will serve as the asset management company, while Nuvama Mutual Fund Trusteeship Services Limited will act as the trustee company for the new mutual fund.
This development is a significant step for Nuvama, which aims to build a comprehensive asset management franchise.
The company plans to initially focus on launching investment products under the Specialized Investment Fund (SIF) framework.
Nuvama's entry into the mutual fund sector comes at a time when the Indian asset management industry is witnessing substantial growth.
With assets under management (AUM) surpassing ₹80 lakh crore, the industry is experiencing increased domestic investor participation.
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Established over 30 years ago, Nuvama has become one of India's leading integrated wealth management firms.
As of March 2026, the company manages client assets worth over ₹4.5 trillion and serves more than 13 lakh affluent clients, including 4,750 of India's wealthiest families.
Nuvama offers a range of services, including investment advisory, estate planning, and lending. It also provides alternative asset management products and is a prominent player in asset services and capital markets.
As of June 10, 2026, at 11:13 AM, Nuvama Wealth Management share price on NSE was trading at ₹1,545.10 down by 0.75% from the previous closing price.
The SEBI approval for Nuvama to launch its mutual fund business marks a pivotal moment in the company's growth. By leveraging its existing wealth management expertise, Nuvama aims to deliver diverse investment solutions tailored to various investor segments.
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Published on: Jun 10, 2026, 11:46 AM IST
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