IGI Logo

ASK Asset & Wealth Management Group, a leading player in the investment and wealth management space in India, has received regulatory approval from the Securities and Exchange Board of India (SEBI) to commence operations as an investment manager for the mutual fund business in India.

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.

ASK Mutual Fund 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. The mutual fund platform 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 fund house will introduce a thoughtfully 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.

Sameer Koticha, Founder & Chairman, said: “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.”

He 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.”

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

Above views are of the author and not of the website kindly read disclaimer