ASK Asset gets SEBI nod to start MF business

Blackstone-backed ASK Asset & Wealth Management Group, which is into investment and wealth management space, said it has received an In-Principle Approval (IPA) from the Securities and Exchange Board of India (SEBI) for its mutual fund business.
The mutual fund offering will complement ASK’s existing suite of investment solutions, which cover listed equity portfolio management, alternates and wealth management, providing a broader range of opportunities for investors across segments, the company said.

Sunil Rohokale, Co-Founder, CEO & Managing Director, ASK Asset & Wealth Management Group, said, “We are confident that with ASK’s deep-rooted expertise and commitment to long-term wealth creation, and with our legacy of trust and performance, we will be able to offer differentiated products that cater to the diverse needs of investors. We look forward to establishing our AMC to meet SEBI’s final approval requirements”