02 Oct 2025 | 3 Mins Read
Nuvama Wealth gets SEBI clearance for new mutual fund
Flipitmoney
Nuvama Wealth Management Limited received approval from SEBI to act as sponsor of the proposed Nuvama Mutual Fund. The approval enables the company to set up the mutual fund and launch schemes under the Mutual Fund, subject to fulfilling SEBI's requirements. Nuvama's shares rose 3.02% to ₹6,492.95 on the BSE.