Lakshya Asset Management Private Limited, a subsidiary of Wealth First Portfolio Managers, has been granted final approval and a licence by the Securities and Exchange Board of India (SEBI) to operate as an Asset Management Company (AMC) for mutual funds. The approval, dated 25th March 2026, allows Lakshya Asset Management to launch and manage mutual fund schemes.
This development follows an earlier communication from Wealth First dated 8th May 2025, indicating the ongoing process for obtaining the necessary regulatory approvals. The approval from SEBI marks a significant milestone for Lakshya Asset Management, enabling the company to expand its financial services offerings into the mutual fund sector.
The company has requested that this information be noted and displayed on the notice board of the stock exchange, highlighting its importance to stakeholders and potential investors.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Kinjal and reviewed by Aditya Bhagchandani before publication.