ASK Asset & Wealth Management Group has received regulatory approval from the Securities and Exchange Board of India (SEBI) to start operating as an investment manager for mutual funds in India.
The company had previously received in-principle clearance from SEBI in March 2025 for its entry into the mutual fund sector.
It plans to offer a range of products including active equities, passive strategies, hybrid and fixed income funds.
The company will offer investment options suitable for various groups of investors such as retail investors, long-term savers, high net worth individuals (HNIs) and institutional clients.
ASK intends to launch products aimed at different financial objectives, such as wealth accumulation over time, income generation, and capital preservation.
The company also highlights its attention to risk management and structured portfolio development.
With over 40 years of experience in the Indian stock market, ASK has been active in capital management through portfolio management services (PMS) and alternative investment platforms.
In 2022, private equity funds controlled by Blackstone acquired a majority stake in ASK. As of December 31, 2025, the group had assets under management of around Rs 820 billion ($9 billion).
ASK Founder and Chairman Sameer Koticha said: “This marks a significant milestone in ASK’s evolution as a diversified asset and wealth management platform. For over four decades, ASK has navigated multiple market cycles with a robust, research-driven approach focused on capital protection and growth. The launch of ASK Mutual Fund now allows us to extend this legacy to a broader investor base.”
Katicha added: “With mutual funds, we complete our transition to a complete asset and wealth management platform, spanning PMS, AIF, private wealth and now mutual funds for retail and institutional investors.”
“ASK Asset & Wealth Management gets SEBI nod for mutual fund operations” was originally created and published by Private Banker International, a brand owned by GlobalData.
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