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

Photos: Pexels/Piabay 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.

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

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

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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.

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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.

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

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

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

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