Securities and Exchange Board of India (SEBI) grants in-principle approval to Ashika Group to sponsor Ashika Mutual Fund.

Exam-focused facts from the 4 January 2026 current affairs briefing.

Key facts

Ashika Group has received in-principle approval from the Securities and Exchange Board of India (SEBI) to act as sponsor and set up Ashika Mutual Fund.
The approval allows the company to proceed with establishing an Asset Management Company (AMC) and preparing for the launch of mutual fund schemes, subject to fulfilling SEBI’s final registration requirements and conditions.
Ashika Group’s financial services portfolio includes retail and institutional broking, investment banking, research advisory, global family office services, alternative asset management and private equity.
The Group has a retail broking client base exceeding 125,000 and a presence across more than 20 states.