Chennai-based Unifi Capital has assets under management (AUM) of Rs 20,400 crore with around 10,000 Portfolio Management Services (PMS) and Alternative Investment Funds (AIF) clients across 22 states in India.
UniFi Capital receives in-principle approval for its mutual fund business - Unifi Capital Pvt. Ltd, a portfolio management company, has been granted an in-principle approval by the Securities and Exchange Board of India.
Unifi Capital gets SEBI nod to launch MF business - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The queue for mutual fund (MF) licences has thinned down due to quick clearances by the Securities and Exchange Board of India (Sebi) alongside applications being withdrawn amid regulatory changes.
There were, at the end of September, only two pending MF applications: By AngelOne and Unifi Capital. By comparison, there were 11 applications lying before the market regulator at the start of calendar year 2023.