News From Press Six firms in queue for MF licence; AlphaGrep Securities latest applicant

Six firms in queue for MF licence; AlphaGrep Securities latest applicant

Source: Business Standard 5 hours ago

AlphaGrep Securities, a quantitative trading and investment firm, has filed an application for a mutual fund (MF) licence with the Securities and Exchange Board of India (Sebi) in June. According to the latest update put out by Sebi, six applicants were in the fray for a MF licence at the end of June.

In addition to AlphaGrep, Cosmea Financial Holdings has also re-filed its application under the name of Cosmea Investments.

The joint venture of Jio Financial Services and Blackrock Financial, which filed the application on October 19, 2023, is one of the four companies waiting in-principle approval from the regulator.

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