Unifi Capital gets Sebi's nod to begin mutual fund operations

Portfolio management firm Unifi Capital on Thursday received the final approval from the Securities and Exchange Board of India (Sebi) to start its mutual fund operations through its unit, Unifi Asset Management Pvt Ltd.

The approval from Sebi would allow Unifi Asset Management to leverage its extensive experience in the investment space to offer tailored mutual fund solutions to investors, the company said in its filing, adding that it has assembled a team to lead the mutual fund’s operations, blending in-house expertise with strategic external hires.

Saravanan Viswanathan, Chief Investment Officer at Unifi Mutual Fund, emphasized that the firm’s focus on absolute risk-adjusted returns, rather than market sentiment and momentum, would drive consistent performance.


Also read | Passive mutual funds AUM jumps 1.5 times to Rs 11 lakh crore in one year: Report

The Indian mutual fund industry has seen significant growth, with assets under management (AUM) reaching Rs 61.16 lakh crore as of June 2024, driven by increasing retail participation and the rise of systematic investment plans (SIPs).

As of October 2024, the firm manages assets worth Rs 27,000 crore through its portfolio management services (PMS) and alternative investment funds (AIF) platforms.

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