The Wealth Company Asset Management Holdings Private has received final approval from Sebi to launch its mutual fund business. With this regulatory milestone, The Wealth Company formally enters the Rs 74.41 trillion mutual fund industry under its new identity: The Wealth Company Mutual Fund.

Sebi granted the Certificate of Registration to the company on July 18, enabling it to commence operations as a registered Asset Management Company (AMC). According to a press release, The Wealth Company Mutual Fund aims to bring a unique proposition to the market—combining the rigorous, bottom-up, data-intensive research methodologies typically seen in private equity with the simplicity and accessibility required by retail investors.

As India’s youngest asset management company (AMC), The Wealth Company Mutual Fund aims to democratize wealth creation for retail investors across the country, with a strong focus on Tier 3 and beyond markets. These regions have been witnessing burgeoning economic activity and rising surplus incomes—capital that deserves to be channeled into active fund management to participate in the country’s promising development outcomes under the Viksit Bharat agenda.