Wealth First gets SEBI nod to launch Lakshya AMC in Ahmedabad with ETF leaders onboard

Published on 24 April 2026

ETF pioneers from Benchmark have joined the team

Wealth First Portfolio Managers has received SEBI approval to start its mutual fund business through a new entity, Lakshya Asset Management Company, based in Ahmedabad. Lakshya AMC plans to roll out innovative investment products, backed by senior hires from Benchmark Asset Management, widely known for pioneering ETFs in India.

SEBI has approved Wealth First Portfolio Managers to begin mutual fund operations
The new AMC, Lakshya Asset Management Company, will be headquartered in Ahmedabad
Lakshya AMC plans to launch innovative investment products
Leaders from Benchmark Asset Management, pioneers of Indian ETFs, have joined

#sebi #mutual funds #etfs #india #asset management

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Wealth First gets SEBI nod to launch Lakshya AMC in Ahmedabad with ETF leaders onboard

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