Nuvama Wealth Management Secures SEBI Approval to Sponsor Mutual Fund

On October 1, 2025, Nuvama Wealth Management Limited announced that it had received approval from the Securities and Exchange Board of India (SEBI) to act as the sponsor for the proposed Nuvama Mutual Fund.

SEBI Approved Mutual Fund Sponsorship

The approval has been granted via SEBI’s letter dated October 1, 2025, authorises the company to establish the Nuvama Mutual Fund and launch investment schemes under its umbrella. This includes schemes categorised under Specialised Investment Funds.

This regulatory green light comes after Nuvama had previously disclosed its application to SEBI in a filing to the stock exchanges on January 31, 2025, seeking approval to become a mutual fund sponsor. The company clarified that while SEBI has approved its sponsorship role, the final registration of the mutual fund remains contingent upon meeting additional conditions outlined in the regulator’s approval letter.

Also Read: Upcoming IPO: Sterlite Electric, Oswal Cables, Rays Power Infra and 3 More Companies Filed Draft Papers with SEBI

Management Take on Q1FY26 Earnings

Commenting on the performance, Ashish Kehair, MD & CEO of Nuvama Group, said, “In Q1, India’s economy stayed strong, supported by steady consumer demand and lower inflation. Recent RBI rate cuts improved liquidity, helping maintain healthy domestic fund flows. Stock markets saw modest, range-bound gains as volatility and soft earnings kept investors cautious. Looking ahead, U.S. tariffs and global trade tensions could weigh on sentiment, but India’s long-term growth fundamentals remain strong despite near-term earnings pressures.

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