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flag Nuvama Wealth Management gets SEBI approval to launch its own mutual fund, including new SIFs, effective October 1, 2025.

flag Nuvama Wealth Management Ltd has received SEBI approval to launch its own mutual fund, Nuvama Mutual Fund, becoming a sponsor effective October 1, 2025. flag The approval allows the firm to offer mutual fund schemes, including those in the new Specialised Investment Fund (SIF) category, which blend features of mutual funds and portfolio management services. flag SIFs, introduced in February 2025, offer tax efficiency, flexibility, and diversified strategies with at least 25% in both equities and debt. flag Nuvama’s entry marks its expansion into asset management, joining a growing SIF market with enhanced investor options. flag Final registration will follow once all conditions are met.

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