Financial services firm Nuvama Wealth Management Ltd has received approval from the Securities and Exchange Board of India (SEBI) to establish its planned mutual fund business.
According to a stock exchange filing, Nuvama Wealth Management announced that “SEBI, via a letter dated October 1, 2025, has granted approval to the company to act as the sponsor and set up the proposed Nuvama Mutual Fund.”
This approval allows Nuvama Wealth Management to initiate various schemes within the mutual fund sector, including those under the Specialized Investment Fund category.
The final registration approval for the mutual fund will be contingent upon the company meeting specific requirements established by SEBI.
Earlier in January, the company had informed stock exchanges about its intention to apply for the necessary approvals to serve as the sponsor for Nuvama Mutual Fund.
This development marks a significant step in Nuvama’s expansion in the financial services industry.
Published on October 2, 2025.
