Unifi Capital Sets New Milestone with SEBI Approval for Mutual Fund

Unifi Asset Management Pvt Ltd, a subsidiary of Unifi Capital, has secured SEBI approval to initiate mutual fund operations. With a history of managing Rs 27,000 crore in assets, the firm views this as a natural progression from its portfolio management roots. The expansion spans major Indian cities.

Unifi Asset Management Pvt Ltd, part of Unifi Capital, has received a nod from the Securities and Exchange Board of India (SEBI) to start its mutual fund operations, company officials announced on Friday.

Unifi Capital, founded in 2001, boasts Rs 27,000 crore in assets under management through both Portfolio Management Services (PMS) and Alternative Investment Fund (AIF) platforms, operating across India and globally.

The mutual fund launch marks a pivotal moment in Unifi's 23-year history, as stated by founder Sarath Reddy. CEO George Alexander emphasizes the firm's commitment to a research-driven approach to cater to diverse investor needs. Unifi is also expanding its reach to major urban centers across India.

(With inputs from agencies.)