Mukesh Ambani, Nithin Kamath to Samir Arora: New SIP players in Town

Mukesh Ambani, Nithin Kamath to Samir Arora: New SIP players in Town

Photos: Pexels/Piabay

Aug 12, 2023

Rajeev Kumar

Mutual Fund SIP market in India is set to become more exciting with the arrival of new players.

From Mukesh Ambani’s Jio Financial Services to Nithin Kamath’s Zerodha AMC, new fund houses are expected to start offering new SIP schemes.

Nithin Kamath’s Zerodha AMC has received SEBI’s approval. The AMC will likely launch simple and passive SIP schemes.

Kamath has said Zerodha AMC will aim to be index-only and create simple funds and ETFs that all investors can understand and invest in.

Mukesh Ambani’s Jio Financial Services is expected to enter the asset management industry in partnership with BlackRock. This AMC may also offer more passive funds.

Samir Arora’s Helios Capital has also received SEBI's approval to launch a mutual fund business. It had applied for approval in 2021.

Old Bridge Capital Management Pvt Ltd is also awaiting SEBI’s final nod for a mutual fund licence.

Unifi Capital Pvt Ltd, Alpha Alternatives Fund Advisors LLP and Wizemarkets Analytics Pvt Ltd – are also under SEBI’s consideration as of June 2023.

Learn more