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.
As per Samir Arora, the fund house would look to focus only on active funds. This is against the trend of recent mutual fund house launches, which had focused on passive funds.