1 Finance gets nod for passive fund house
By Abha Lohia ·
- 1 Finance is a Mumbai-based personal finance advisory firm
- It received in-principle approval from the market regulator to set up an asset management company under the MF Lite framework
- The firm targets a launch in Q4 FY27 with index funds and ETFs, subject to final registration
What happened
- 1 Finance got in-principle approval for an AMC.
- It will focus on index funds and ETFs.
- Launch is targeted for Q4 FY27.
Why it matters
- The approval is a first step and does not yet allow launching schemes.
The business
- The firm offers financial planning and advisory.
The founders
JM
Jeet Marwadi
Co-founder and MDWhat happens next
- Final registration
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