1 Finance gets in-principle approval for India's first MF Lite AMC licence
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓1 Finance got SEBI’s in-principle approval for India’s first MF Lite asset management company licence.
- ✓The firm plans a Q4 FY27 launch for passive products like index funds and ETFs.
- ✓CEO Keval Bhanushali said, "We believe investment solutions should be simple, transparent and cost-efficient, while helping investors stay aligned."
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
1 Finance has received SEBI's in-principle approval to establish India's first MF Lite asset management company, targeting a Q4 FY27 launch. The proposed AMC will offer passive investment products, including index funds and ETFs, subject to final regulatory registration.
1 Finance has received in-principle approval from the Securities and Exchange Board of India for India's first MF Lite asset management company licence, paving the way for the personal finance advisory and wealth-tech firm to enter the mutual fund industry.
The proposed AMC will focus on passive investment products, including index funds and exchange-traded funds, under SEBI's MF Lite framework. The launch is targeted for the fourth quarter of financial year 2026-27, subject to the company completing regulatory and operational requirements and receiving final registration.
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Economic Times
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