Arihant Capital, known for stock brokerage and investment research, just got in principle approval from SEBI to launch its own mutual fund business.
This means it can now work toward setting up an asset management company and a trustee company once it meets applicable regulatory requirements.
Arihant plans long term investment options
With experience since 1992 and over 800 investment centers across more than 300 cities, Arihant wants to create long-term investment options for all kinds of investors.
Chairman Ashok Kumar Jain says the goal is to develop investment products catering to different investor requirements, with a focus on long-term investing.
CEO and Joint Managing Director of Arihant Capital Markets Arpit Jain is excited too, sharing that this move will help it reach more people.