Wealth First Portfolio Managers Secures SEBI Mutual Fund License

The SEBI license marks a significant milestone for Wealth First, which has been operating as a portfolio manager and NSE member since 2011. With this approval, the firm joins the growing list of asset managers entering India’s mutual fund industry, aiming to tap into rising investor demand for diversified financial products.

Regulatory Approval
SEBI’s clearance allows Wealth First to establish and manage mutual fund schemes across equity, debt, and hybrid categories. The move reflects the regulator’s push to expand participation in India’s capital markets while ensuring compliance and investor protection.

Market Expansion
Wealth First plans to leverage its existing client base and expertise in wealth management to build a strong mutual fund portfolio. The entry into mutual funds is expected to enhance its retail reach, offering investors structured products alongside personalized advisory services.

Key Highlights

• Wealth First Portfolio Managers receives SEBI mutual fund license
• Firm headquartered in Ahmedabad with branches in Surat and Pune
• Existing NSE member and portfolio management service provider since 2011
• Plans to launch equity, debt, and hybrid mutual fund schemes
• Expansion aimed at strengthening retail and institutional investor base

Sources: SEBI, NSE India, Wealth First official website