Chennai-based Unifi Capital receives in-principle approval from SEBI for its mutual fund, expanding its offerings to a broader investor base. With over Rs 20,000 crore managed for 10,000 clients in portfolio management services and alternative investment funds, Unifi aims to provide differentiated investment strategies within the regulatory framework. Founder Sarath Reddy sees the mutual fund as a means to reach a wider spectrum of investors and believes there’s ample room for innovative offerings in the market. Unifi had submitted its mutual fund license application to SEBI on December 31, 2020.
Unifi Capital Secures SEBI Approval for Mutual Fund Launch
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