03 Oct 2025 | 5 Mins Read
Nuvama Wealth soars 4% on Sebi's mutual fund approval
Flipitmoney
Sebi grants Nuvama Wealth Management approval to sponsor a mutual fund, sending its shares up 4% on October 3. This comes after the company had filed an application in January 2025 to set up Nuvama Mutual Fund. A final registration is subject to meeting stipulated requirements. India's mutual fund industry has risen to Rs 74 lakh crore, with strong retail inflows and SIPs.