Angel One Asset Management Company Ltd., a subsidiary of Angel One Limited, has received approval from the Securities and Exchange Board of India (SEBI) to launch its mutual fund business. The newly approved Angel One Mutual Fund aims to revolutionize the passive investing landscape by offering transparent and efficient solutions through ETFs and index funds.
With the mutual fund license, Angel One AMC plans to provide low-cost, accessible investment opportunities catering to the growing demand for passive investment products. These funds will simplify wealth creation by addressing client needs for cost-efficiency and portfolio diversification.
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Dinesh Thakkar, Chairman and Managing Director of Angel One Limited, expressed optimism about this milestone. “This approval empowers us to transform the passive investing space in India. Our focus on ETFs and index funds reflects our commitment to making financial products accessible to everyone, supporting India’s growth story.”
Hemen Bhatia, Executive Director and CEO of Angel One AMC, highlighted the firm’s vision for long-term investing. “With deep expertise in passive products, we aim to make wealth creation user-friendly and accessible to retail investors across India. This step aligns with our mission of empowering a billion lives.”
Angel One AMC plans to develop a robust suite of ETF and index fund products tailored to diverse client investment preferences, marking a pivotal moment in the company’s journey to redefine financial accessibility and innovation.
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