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Ask Investment Managers is planning to apply for a mutual fund license with SEBI, said a source familiar with the development.
One of the largest companies in alternate space, it is also exploring a possibility to acquire existing MF business.
Ask Investment Managers will only focus on equity funds in both active and passive space. Also, the company is willing to explore new asset class as the company has 3 decades of experience in managing such products, said the source.
Further, the fund house will only focus on the mass affluent and HNI segment who understand risks better, said the source.
