Lakshya AMC Receives SEBI Approval to Launch MF Business
In March 2026, Lakshya Asset Management Company (AMC) received approval from the Securities and Exchange Board of India (SEBI) to commence its Mutual Fund (MF) business in India.
About Lakshya AMC:
Sponsorship: The AMC is sponsored by Wealth First Portfolio Managers, a publicly listed wealth management company on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Leadership: Lakshya AMC has onboarded key members from Benchmark AMC, including Sanjiv Shah, Rajan Mehta, and Sanjay Gaitonde.
Headquarters: Lakshya AMC will be the first AMC to be headquartered in Ahmedabad(Gujarat), indicating a shift towards developing financial institutions beyond traditional metro cities.
Benchmark AMC: Founded in 2001, it was India’s first mutual fund focused exclusively on passive and quantitative investments and pioneered Exchange Traded Funds (ETFs) with products such as Nifty BeES, Gold ETF, Gold BeES, and Liquid BeES.
In March 2026, Lakshya Asset Management Company (AMC) received approval from the Securities and Exchange Board of India (SEBI) to commence its Mutual Fund (MF) business in India.
About Lakshya AMC:
Sponsorship: The AMC is sponsored by Wealth First Portfolio Managers, a publicly listed wealth management company on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Leadership: Lakshya AMC has onboarded key members from Benchmark AMC, including Sanjiv Shah, Rajan Mehta, and Sanjay Gaitonde.
Headquarters: Lakshya AMC will be the first AMC to be headquartered in Ahmedabad(Gujarat), indicating a shift towards developing financial institutions beyond traditional metro cities.
Benchmark AMC: Founded in 2001, it was India’s first mutual fund focused exclusively on passive and quantitative investments and pioneered Exchange Traded Funds (ETFs) with products such as Nifty BeES, Gold ETF, Gold BeES, and Liquid BeES.
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