A host of new mutual fund players are set to enter the Rs 68-trillion industry in 2025 as the SEBI has issued several partial and final approvals in the past few months.
There are now at least six applicants either holding a licence or having in-principle approval. While Angel One and Unifi Capital have obtained the final licence, four applicants — Jio BlackRock, Capitalmind, Choice International, and Cosmea Financial Holdings — have received in-principle approvals.