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Angel One Asset Management Company has received a mutual fund license from SEBI.
Angel One Asset Management Company is a subsidiary of the fintech player Angel One, which had applied for an MF license in 2021. The CEO of Angel One Asset Management is Hemen Bhatia, who was appointed in 2023 and was earlier the head of ETF business at Nippon India Mutual Fund.
In a press release, Dinesh Thakkar, Chairman and Managing Director, Angel One said, "Our focus on passive investing through ETFs & index fund products reflects our commitment to making financial products more accessible, affordable and transparent for all. We believe this will empower a new generation of investors and enable them to participate in India’s growth story. We are excited about the opportunities ahead and look forward to helping our clients achieve their financial goals."
Hemen Bhatia, Executive Director and CEO, Angel One Asset Management Company, also commented, “As the asset management industry in India experiences rapid growth in passive investing, ETFs & index funds are increasingly being embraced by both retail and institutional investors. With deep domain expertise in passive products, Angel One AMC is poised to make long-term investing more accessible to every Indian. Through our ETFs and index funds, we aim to offer user-friendly, easy to understand wealth creating products to a growing base of retail investors across the country."
