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Top guns want to set up mutual funds Singapore-based Samir Arora’s Helios Capital Management and Rakesh Jhunjhunwala’s Alchemy Capital are the latest to apply to Sebi for licences A long queue has formed before the capital market regulator to set up mutual funds even as investors make a beeline to the exit door in current funds. Singapore-based Samir Arora’s Helios Capital Management and Rakesh Jhunjhunwala’s Alchemy Capital are the latest to apply to the Securities and Exchange Board of India (Sebi) for mutual fund licences. Helios Capital Management has applied for the licence on February 25, while Alchemy Capital Management applied earlier on January 1. ....
Read more about With new players at the gates, AMCs to see stiff competition in MF space on Business Standard. Currently, nine requests for MF licence are being processed by Sebi ....