Zerodha gets Sebi nod to start mutual fund biz

  • Brokerage firm Zerodha on Wednesday received market regulator, Securities and Exchange Board of India’s in-principle approval to start its mutual fund business.
  • Earlier this month, financial services company Bajaj Finserv had announced that Sebi had given its in-principle nod to the company for sponsoring a Mutual Fund.
  • Flipkart co-founder Sachin Bansal’s Navi Mutual Fund recently filed scheme documents for 10 new funds – most of them being index funds and some providing exposure to global asset management giants Vanguard.
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