The Wealth Company Mutual Fund, part of the Pantomath Group, announced today that it has secured approval from the Securities and Exchange Board of India (SEBI) to launch its Specialised Investment Fund (SIF).
The fund house will operate its new platform under the WSIF brand.
According to the AMC, the WSIF platform is designed to combine sophisticated investment strategies with the oversight and transparency of India’s mutual fund ecosystem, opening opportunities for high-precision, actively managed approaches that traditionally fall within the domain of hedge funds.
They have appointed Chinmay Sathe as Chief Investment Officer & Head – Specialised Investment Fund. They have not provided details yet on product launch.
Currently, around 5 fund houses have launched SIF products including SBI MF, Quant MF, Edelweiss AMC, ITI AMC and Tata. As per AMFI October data, the newly introduced Specialised Investment Funds (SIF) category launched four strategies in October, and marked its debut with net inflows of Rs 2,004 crore, taking AUM to Rs 2,010 crore across 10,212 folios.
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