SEBI clears ASK Asset & Wealth Management’s entry into mutual fund space

The Securities and Exchange Board of India (SEBI) has given regulatory nod to ASK Asset & Wealth Management Group to commence operations as an investment manager for the mutual fund business in India.

In March 2025, ASK Asset & Wealth Management Group secured in-principle clearance from the SEBI to foray into the mutual fund business.

Also Read | Sunil Singhania-backed Abakkus Flexi Cap Fund hikes stake in Urban Company, SBI, 14 other stocks


The firm will bring this cycle-tested investment philosophy to a wider audience, offering world-class investment solutions across active equity, passive strategies, hybrid, and fixed-income products, according to a press release.

It will enable ASK to cater to all investor categories, from first-time retail investors and long-term savers to HNIs and institutional participants, through transparent, well-structured, and scalable products, the release added.

The fund house will introduce a curated suite of solutions designed to address varied investment objectives, including long-term wealth creation, income generation, and capital preservation, while maintaining a strong emphasis on risk management and disciplined portfolio construction.

“This marks an important 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 strong, research-driven approach focused on capital protection and growth. The launch of ASK Mutual Fund now enables us to extend this legacy to a wider investor base,” said Sameer Koticha, Founder & Chairman.

Katicha further added, “With Mutual Funds, we complete our transition into a full-suite asset and wealth management platform, spanning PMS, AIFs, Private Wealth, and now Mutual Funds for retail and institutional investors.”

Also Read | Silver and gold ETFs fall up to 4% as precious metals slide for second day. What's next?

About the company:

ASK Asset & Wealth Management has a four-decade-long legacy in India’s equity markets, with a proven track record of managing capital across market cycles through its Portfolio Management Services (PMS) and alternative investment platforms. This experience, built on disciplined research, risk management, and long-term wealth creation, now serves as the foundation for ASK’s entry into the mutual fund space, the release said.

In 2022, private equity funds managed by Blackstone acquired a majority stake in ASK Asset & Wealth Management Group.